Hello everyone, good night greetings to all of us, hopefully we will always be given health and good luck and hopefully all hopes can be achieved.
As usual, today I will try again to take part in the weekly contest which has entered week 06 edition 02 with the topic Physical Money or Crypto?
Previously I would like to explain a little about physical money and crypto, as we all know physical money in the sense of real money, which is clear and stated as one of the legal instruments for payment transactions in any form by state laws and regulations, this applies for a long time, even in the days of our ancestors who chose physical money as a legal means of buying and selling.
In this developing era, we can save physical money in a savings account called a bank, and it continues to grow so that now there are many online applications that can be used to save money, which from the beginning were physical money to digital. money even in most big restaurants have provided a special place for digital payments, using E-banking which I think almost everyone living in Indonesia has and this does not violate state regulations because it makes it very easy for people who want to transact in large quantities but don't need to again carry cash wherever they go because it is quite dangerous, we just have to save money in the bank and turn it into digital money that can be used for payments.
Crypto talking about cryptocurrencies, I don't know much about this. I never save money here. and have never tried to buy coins as one of my places to save money. However, I have little knowledge about this cryptocurrency, the experience of some of my friends, he said if it was more hockey, the money we saved in a few hours would double.But it can happen the other way around without buying anything and in the morning we see all our money will run out suddenly. this is undeniable, can be profitable quickly and can go bankrupt quickly too this is the crypto world however I have never tried it myself and have no experience with this.
If asked to choose I really like digital money, because it makes it very easy for me to always carry large amounts of money anywhere without people knowing it and I think this is very safe from the dangers that occur along the way and so far digital money has not been said as a legal tender.
However, we can't deny that there are still very few payment methods using digital money in my area, there are still many shops or places of sale whose payment methods use cash, this makes us always have to carry cash. and is also a legal payment according to state regulations.
Thank you for always reading and providing support through upvotes or comments, this is very useful for me. I also apologize if there are errors in writing because I use google translate to translate in English.