What Is A Cryptocurrency?

What Is A Cryptocurrency? 

Cryptocurrencies are hot online, even more since the beginning of the Covid-19 pandemic. But what is a cryptocurrency?

A cryptocurrency is a digital form of payment that can be traded for goods or services, just like other forms of fiat money

Cryptocurrencies are usually developed by teams who build in various mechanisms for issuance, usually depending on that decentralized system

Also watch: What is the New Normal Economy?, The Future Of Work – The New Normal & Hybrid Learning Program – From Banker To Entrepreneur 

Many entrepreneurs have begun to utilize cryptocurrency to further their business and increase profits. In fact, since cryptocurrencies are both investment opportunities and new financial instruments, there has never been a better time to get started. But there are also risks attached to the use of cryptocurrencies.

If you want to watch and read more on cryptocurrencies, bookmark these posts. and if you want to watch and read more on ‘Innovation in Banking’ including in FinTech & RegTech, the bookmark these posts.

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About the Author: Tony de Bree

Dr. Tony de Bree EEP MBA is a born survivor. He worked 26 years in ICT, E-Learning, global banking & finance. As turnaround manager and in corporate strategy & change, e-commerce, corporate venturing ,outsourcing, offshore banking & splitting up ABN Amro Bank globally. In 2001 he started as digital business owner, selling digital products in 2001 next to his dayjob working from home as 'plan b', as a side-hustle. In 2011, he became an independent businessowner helping customers online & offline with digital products and digital services including online coaching and short video production like on this site.

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