GLOBAL ADOPTION OF STEEM AND CRYPTOCURRENCY INSPITE OF FIAT EXISTENCE

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During my first ever Steeem meetup in Abuja when i first heard about steem and cryptocurrency being fully explained. A question was asked, What is Money? Just like everyone knows, money is the physical paper we hold in our hand but No that it is not what money is. *Money is an bilateral or multilateral agreement between two or more people and which leads to the exchange of goods and services. In Ancient times, there were no fiat.In Europe, people trade with gold and silver coins and Africa pratcised more of trade by barter. In no time, this agreement reached by two people began to spread all across the globe and it was named Money.

Do you now see agreement is money, trade by barter, a country offer another country petroleum products and in return gets either agricultural produce or military hardware but no physical money was given, It was simply an agreement.

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Steem and other cryptocurrency are all online digits encrypted with codes which are being exchanged around the world and if fully accepted, it will be the new age digital coin. Already a lot of companies and online store already accept payment of goods and services with cryptocurrency. The more the coin get used in our daily lives, the more it spreads more to every nook and cranny of the world.

Just like the vision of the steemjet community, globalization of steem and other crypto coin is possible during the constant usage and spreading businesses accepting it. Just like the way the paper currency was accepted decades ago when they moved from coin to fiat. Soon that will be made possible as we have seen many exchange platform trying to set up a physical bank which the owner of Litecoin and Binance are on their way of doing that. Having a Crypto Bank will show that Globalisation of Steem is possible