Cryptocurrency And A Cashless Economy

Send us Fan Mail

Welcome to episode #82 of Not Me, But You! The US dollar is tied to many markets used around the world. However, US currency is FIAT currency meaning, it's not backed by anything physical. That means, more of it can be created ("printed") at any time. 

What happens when MORE dollars are printed? It makes the dollars already in existence worth LESS! Then prices rise. Inflation occurs. So what does all this have to do with cryptocurrency and a cashless economy? 

How much cash do you currently carry and use each week? If you are like most people you typically use a credit card or debit card or an app on your phone to pay for most things. That type of buying behavior RESEMBLES a cashless economy. 

Enter cryptocurrency. What is it? Why are so many people in the WORLD investing in it? Isn't putting money into cryptocurrency like putting money into "nothing?" I discuss these types of questions and more in this episode. 

E-book on Amazon is called "Stay Healthy, Become Wealthy." Search for the book using the following ASIN 

• B09829K4PW

Email me: [email protected] 
Free Facebook Group: Waypa Today
Twitter: Waypa Today 
Website: www.waypatoday.com 

I'm not a financial advisor. This podcast is for education/entertainment purposes only. You will need to do your own research and accept responsibility for the results of any money you choose to invest. I love using Schwab.com to buy/sell stocks/ETF's/closed end funds/options. Schwab has a very user friendly app/website and their customer service is excellent. I can easily get to speak to a human being whenever I have questions.