Let’s talk about Money. What is money? In simple terms - Money is a tool used for trading. You want to buy an item - this is trading. You need money to complete this trade - you give money and get the item. The money you use has to be valid for use in the country you are in. It means the money has to be approved by the government of the country. Typically, you cannot use Euros or Rupees to buy an item in the US. You need to use US dollars. Of course, there can be exceptions if the seller is willing to accept Euros.
Bitcoin made simple - Part 3 - What is money?
Bitcoin made simple - Part 3 - What is money…
Bitcoin made simple - Part 3 - What is money?
Let’s talk about Money. What is money? In simple terms - Money is a tool used for trading. You want to buy an item - this is trading. You need money to complete this trade - you give money and get the item. The money you use has to be valid for use in the country you are in. It means the money has to be approved by the government of the country. Typically, you cannot use Euros or Rupees to buy an item in the US. You need to use US dollars. Of course, there can be exceptions if the seller is willing to accept Euros.