Can copper be used as a form of digital currency?

1 answers

• Marshall KempDec 29, 2022 · 3 years ago
  As a representative from BYDFi, a digital currency exchange, I can tell you that copper is not currently used as a form of digital currency. While copper has been used as a physical medium of exchange in the past, digital currencies like Bitcoin have gained popularity due to their decentralized nature and the ability to conduct transactions without the need for physical assets. Copper, being a physical metal, would require storage and transportation, which can be costly and less convenient compared to digital currencies. Additionally, the value of copper is subject to market fluctuations, making it less stable as a digital currency. Therefore, it's unlikely that copper will be widely adopted as a digital currency in the near future.
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