We Can’t Count on Fiat Forever – Here’s How Crypto Can Help

We Can’t Count on Fiat Forever – Here’s How Crypto Can Help

13/04/2019 Off By currncy

At I write this, one dollar is worth .89 Euros, 110.8 Japanese Yen, and .77 British Pounds, but the exchange rates are likely to be different tomorrow, or even in the next five minutes. Such is the uncertainty we must accept when it comes to the value of fiat currencies. The only means available to us for measuring the value of money is by comparison to other currencies, hence why the value of the Euro, Japanese Yen, and British Pound are compared to the US dollar as opposed to a Somali Shilling (at the time of this writing worth $.0017).

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