Despite the fact that some countries are still turning blind eye to the crypto currency adoption and using different excuses to prevent people from joining the crypto space. But despite all this, the crypto has still been making a great progress day by day and very soon the whole world will come to realized that the crypto currency is the real future.
Crypto currency is taking it slowly as many people have started to realized how true is the project because of the influence associated with it. This has lead many people to invest in to the crypto space and while view crypto saving as the best because of its high rate of interest generated from saving than the to have fiat money in saving.
Looking to how things is going has makes me wonder what really the future have in store for the fiat money if crypto currency is generally legalized.
Thou, the fiat money will still be much in use when making some transaction of crypto to cash but the issue is that will the worth still remains the same if crypto currency masses focus on Investing and saving.
Having crypto currency in saving has a great advantage than saving more in the bank because of the high interest rate the former yield in the saving is so huge and an example of that is having HBD in the saving with 20% APR, no bank savings can come near to that rate. Crypto being a decentralization give one the full control of ones saving but those who really gained from bank saving is the bank itself.
Nigeria governments as a case study regards crypto as an illegal act and the more reason why they haven't come to terms with crypto currency adoption is because they think that crypto currency will leads to economic stagnation and which is not.
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