Crypto Currency – Future is the Present !
Imagine your payments deteriorating because of the Non-Performing Assets (NPAs) your bank has built up over time. You pay your taxes honestly but still end up relying on someone else (here - the bank) to confirm when you spend or not, that's where cryptocurrency comes in. Last year, the Covid 19 pandemic banished the global ' Fiat Currency '. Paper currency used to be backed by gold in the mainstream monetary system ( pegging the currency ), but the trend changed in the early 1970s. The Forex Reserve Index is measured in USD throughout, yet US Federal Banks ranks very low. Why? Because the US government still believes in the supremacy of gold! Now this process may be lax, but it is not a bluff either. A ₹100 note today is not enough to exchange for what our elders and their elders could've purchased. Today, a simple meal at McDonald's consisting of 02 McAloo Tikki and a large French Fries, costs ₹293 (excluding GST) and most of our parents paid ₹30-40