Differences between fiat and crypto
Traditional money is issued by central banks while cryptocurrencies exist only in digital form and are independent of any government intervention. They can not be controlled, manipulated in any measure or counterfeited and provide a solid alternative to traditional money which many have already called “the currency of the future”. And while majority of world’s financial institutions have expressed severe criticism towards growing trend of concurrency investments with some calling it an outright fraud or a “bubble doomed to burst”, the truth lies much deeper than may seem on the surface. This eBook explains the key differences between fiat currencies and cryptocurrencies and sheds light on why global financial institutions are fearful of their growth.