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Your fiat money is already digital

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by COINS NEWS 203 Views

We are still at a phase where the majority are still scared of crypto, and one of the biggest criticisms I hear is digital money isn't real; however, our FIAT money is already digital and it is just as real as how we handle crypto NOW.

  • You get paid by providing a digital bank account ID to your employer
  • Employer pays you by transferring your money to your digital account OR you deposit a cheque to a bank where they increase the number in your digital account
  • You spend your money by sending money to a merchant by tapping a card or providing an ID of a digital spending intermediate (Credit Card), which is a reduction to your digital bank account number

How we use crypto and fiat in 2022 is exactly the same. You can buy literal cars and homes currently without passing any physical form of currency by signing a few forms.

And which currency can you trust more, one that centralized authorities can manipulate with 0 recourse or one backed by cryptography

submitted by /u/lIllContaktIlIl
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