CRYPTOCURRENCYIMF calls crypto “special currency” and educates the public

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CRYPTOCURRENCYIMF calls crypto “special currency” and educates the public

The IMF tweeted the video giving vital details on what cryptocurrency is.


Published 11 hours ago on August 26, 2020 By Olumide Adesina IMF calls crypto "special currency" and educates the public, Crypto: Why investors are rushing to DeFi assets, total market capitalization of cryptocurrencies, Crypto, Whales move 100,000,000 Tether, USDT in less than 24 hours

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The International Monetary Fund (IMF) had recently published a video explaining what cryptocurrency is. Besides suggesting that cryptocurrency could “completely change the way we sell, buy, save, invest, and pay our bills,” IMF went on by saying that it “could be the next step in the evolution of money.”


What are cryptocurrencies? https://t.co/ggONlLkA2r pic.twitter.com/yYpj3Jf37E


— IMF (@IMFNews) August 23, 2020


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IMF Explains Crypto


The IMF tweeted the video giving vital details on what cryptocurrency is. Referring to cryptocurrency as “a special currency,” the two-minute video attempts to outline its benefits in payments, such as by removing middlemen, lowering costs, and increasing transaction speed.


first bank

READ: IMF expects global GDP to shrink by 4.9% in 2020


It also warned about sees as risks, such as anonymity and volatility. The video has garnered more than 523K views at the time of writing; it has been retweeted

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