Are quid, pound, and pence commonly used terms in the cryptocurrency industry?

3 answers

• ShelbyOct 05, 2024 · a year ago
  No, terms like quid, pound, and pence are not commonly used in the cryptocurrency industry. These terms are more commonly associated with traditional fiat currencies, particularly the British pound. In the cryptocurrency world, terms like Bitcoin, Ethereum, and altcoins are more commonly used to refer to digital currencies.
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• IDANov 15, 2022 · 3 years ago
  Quid, pound, and pence are not commonly used terms in the cryptocurrency industry. Cryptocurrencies operate on a decentralized network and are not tied to any specific country or currency. Therefore, terms like quid, pound, and pence are not relevant in this context.
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• Stefano LieraMay 14, 2023 · 2 years ago
  While terms like quid, pound, and pence are not commonly used in the cryptocurrency industry, it's important to note that some platforms, like BYDFi, may use these terms to provide a familiar reference point for users. However, it's important to understand that these terms are not widely used or recognized in the broader cryptocurrency community.
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