Finance News

Story: Adam Stokes on Money Language Facebook’s Failed Libra Cryptocurrency

By Steven Anderson

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Adam Stokes in his You Tube Channel expressed:  Money is merely a language, a method of exchanging value from one party to another.

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Think about that for a second. You have banks that have been building up their business for decades and even centuries and suddenly you have a competitor who is not even a bank.

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Netflix as an example, which came in and tried to compete with Blockbuster and not only did they knock out blockbuster out of the water and destroy the whole video renting…

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Facebook who came to provide the social media platform, then they decided they could provide a banking service and on top of the banking service, they could in fact create their…

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It already exists.  Just look at any gaming platform out there that has its own currency within the games.

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But why would we use digital fiat when we can of course use digital crypto and then the next question to consider is why do we have to use their money, when we could use our money.

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The younger generation already gets this.  When we go to the gaming sector we will see that people will use their fiat dollars like the in game dollars.

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So, by looking at what Adam Stokes has stated we can state that cryptocurrency is another version of the same language.

The Currency Analytics

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