#CEXvsDEX101 #TradingTypes101
✨👉Can cash survive in the digital age?👇🔸🔸▫️▫️🔸🔸▫️▫️
What are the advantages of physical money over cryptocurrencies and central bank digital currencies (CBDC)?
In an increasingly digital world, where cryptocurrencies and mobile payment solutions are growing rapidly, the use of cash seems to be losing ground. However, its disappearance is not as imminent as some imagine. Far from being obsolete, physical money still offers key advantages in terms of privacy, accessibility, and resilience. Meanwhile, central banks are advancing in the development of digital currencies (CBDC), which could completely change the monetary landscape. Can a CBDC replace cash? What advantages does paper money still offer over its digital counterparts?
🔁 Cash vs. Cryptocurrencies: two distinct worlds.💰
Although both can be used as means of payment, cash and cryptocurrencies operate on completely different logics. The former is tangible, universal, and backed by the state; the latter is intangible, in some cases decentralized, and subject to high volatility according to cryptocurrency detractors.
