aeonflux-3D
  • Home Page
  • About us
    • What we do
    • Aeon FLux cosa facciamo
  • Services
    • Gold Service
  • News
  • Tokens
    • Token Gold Plus ITA
    • Token Gold Plus – EN
    • White Paper Aeon Flux Gold PLUS
    • White Paper Big Taurus CLUB
    • White Paper Aeon Flux Gold 100
  • Contact
  • Client Area
  • en_GBEnglish
    • fr_FRFrench
    • pt_BRPortuguese
    • ru_RURussian
    • zh_CNChinese
    • arArabic
    • es_ESSpanish
  • Home Page
  • About us
    • Aeon FLux cosa facciamo
    • What we do
  • Tokens
    • White Paper Aeon Flux Gold Plus
    • White Paper Aeon Flux Gold 100
    • White Paper Big Taurus CLUB
  • Our services
  • Our clients
  • Contact
The Best Cryptocurrency That You Can Buy in July for a 100% Return
July 5, 2021
Reef Chain: A smart contract blockchain that is backward-consistent with Ethereum
July 5, 2021
Show all

Cryptocurrencies: Reserve Currencies or NOT?

Published by Aeon Flux on July 5, 2021
Categories
  • News
Tags

Complicated matters that could have massive implications on the global economy.Since Bitcoin (BTC) was launched into the market, many cryptocurrency enthusiasts argue that Bitcoin is the best alternative to the reserve currency. Especially when we think about the disastrous implications of infinite money printing, Bitcoin and various cryptocurrencies could be used to protect the value of local currencies. Here, we’ll have a look at whether cryptocurrencies could become reserve currencies and what kind of cryptocurrencies could be reserve currencies for central banks.Before we get into the topic, let’s have a discussion about the definitions of Money and reserve currency.So, what is money?Money can be defined as a medium of exchange, store of value, unit of account, and a policy instrument. In other words, money is used to pay for goods and services, save up for the rainy days, and a stable place where you could store.So, what is reserve currency?Reserve currencies are a large quantity of currency maintained by central banks and other financial institutions to prepare for investments, transactions, and international debt obligations, or to influence domestic exchange rates. Reserve currencies affect the prices of most commodities and many institutions would have to hold reserve currency to pay for these goods so that they could be used for production.What are the characteristics of reserve currencies?-Minimal risks to currency-related to economic environments-Being liquid and widely accepted medium of exchange around the World-Having reliability on global affairs-Having network externality on a global scale-Easily tradeable low-risk assetsWhat were reserve currencies before the US government has turned into fiat currency?Throughout history, there were various commodities were used as reserves for countries. However, sovereign states used gold, silver, bronze, copper, nickel, and other valuable items as some sort of reserve currency so that it could bolster the local economy. Now, let’s have a look…

Share
0
Aeon Flux
Aeon Flux

Related posts

November 12, 2021

The quest of STABLECOINS — The way of all stable crypto things


Read more
November 12, 2021

Fueled by Latest Inflation Figures, Bitcoin Jumps to a New All-time High


Read more
November 12, 2021

Will Positive Earnings Surprises Continue To Support Markets?


Read more

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Discover opportunity

  • Home Page
  • About us
    • What we do
    • Aeon FLux cosa facciamo
  • Services
    • Gold Service
  • News
  • Tokens
    • Token Gold Plus ITA
    • Token Gold Plus – EN
    • White Paper Aeon Flux Gold PLUS
    • White Paper Big Taurus CLUB
    • White Paper Aeon Flux Gold 100
  • Contact
  • Client Area
  • en_GBEnglish
    • fr_FRFrench
    • pt_BRPortuguese
    • ru_RURussian
    • zh_CNChinese
    • arArabic
    • es_ESSpanish
© 2022 Aeon Flux OU Harju maakond, Tallinn, Lasnamäe linnaosa, Lõõtsa tn 5, 11415- Cn° 16301206 -VAT N° EE102424021 - EMTAK code 46901 - Duns N° 686889151
.
All Rights Reserved.
Powered by IWG Web Agency
Privacy PolicyCookie Policy