Money, or the concept of money in all its forms, has been around since the dawn of civilization. What began as P2P transactions (I’ll swap two chickens for your cow) has evolved into a centralized financial system controlled by well-staked financial institutions that have dominated global commerce for over two centuries. In a significant pushback, backers of cryptocurrency, fueled by Satoshi’s pioneering thinking, are challenging the idea that banks are necessary for basic financial transactions. Instead of writing a check or sending money over PayPal, each involving a bank or payment platform that can take several days to process, cryptocurrency holders send virtual money that is received instantaneously ...
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