James Ronald

James Ronald

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One of the best things about Cryptocurrency is that it can be used and exchanged on the internet.In this article, I will try and explain the different kinds of currencies that exist and the differences between them.Fiat currencyThe first one that I will talk about is what is called fiat currency.This is used in all countries except for China.Fiat currency can be backed up by other countries, but this is usually done with gold.When you get money in a country, they will give you a paper token that you can exchange to get the currency that you want.If you have a digital currency, you can trade it with another one.Many people are interested in having a digital currency because they do not have to worry about losing their money.This is the reason why they are so popular right now.TradingThe great thing about them is that they are easy to trade.
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