WILL CRYPTO REPLACE

FIAT CURRENCY

By
T. Riteesha
K. Sai Kumar
FIAT CURRENCY
• Physical medium of exchange
• Represented by bills and coins
• Unlimited supply
• Issued by Government
• Centralized, issued, and controlled by
law and banks.
CRYPTOCURRENCY
• Digital medium of exchange
• Represented by 1 private and 1 public
pieces of code.
• Limited supply
• Produced by computers
• Decentralized, not controlled by any
government and entity.
BLOCKCHAIN AND CRYPTOCURRENCY

• A cryptocurrency is protected by encryption.

• Many cryptocurrencies use blockchain
technology to create decentralized networks.
• Cryptocurrencies rely on cryptography
technologies to function.
• Blockchain is a type of shared database which
are then connected together via cryptography.
 UPCOMING TRENDS IN
CRYPTOCURRENCY
• The total value of cryptocurrencies is about $2
trillion
• The market capitalization is valued at $786 billion
as of early January 2022.
• Approximately 300 million individuals, or 4% of
the global population, use cryptocurrencies in
some form.
Crypto trends in countries

United States
Interest in cryptocurrency has increased by 3000% in
the US.

United Kingdom
It is now ranked 11th in Europe's most regulated
cryptocurrency countries.

Nigeria
The majority of Nigerians are comfortable
transmitting money and making payments
with cryptocurrency
China
The 'digital yuan' – has distributed over $5 billion
in digital yuan to its citizens

El Salvador
The first country to officially classify Bitcoin as a
legal currency.
India
The country's crypto market grew by 641%
in the year.
Companies using and accepting cryptocurrencies
Number of cryptocurrencies

12000

10397

10000
9299

8000
7557

6826

6044
6000 5840

4501

4000

2817

2000 1658
1335

506 562 644

66
0
2013 2014 2015 2016 2017 2018 2019 44228 44378 44409 44470 44501 44562 44593

YEAR
Number of Cryptocurrency users

250

221

203
200
Number of cryptocurrency users (in millions)

150 142
129
125

106
101
100

50
35

18
5
0
2016 2017 2018 2020 44197 44228 44256 44287 44317 44348

Year
Drawbacks of
cryptocurrency
• Cryptocurrencies can be an extremely
volatile investment
• No refund or cancellation policy
• Adverse Effects of mining on the
environment
• Crypto newbies are vulnerable to
security risks
 Crypto Crimes

• Cryptocurrency crimes till 2020 was $7.8 billion

and has risen to $14 billion
• Illicit addresses hold over $10 million, the
majority of which are crypto theft
• Crypto transactions associated with illegal
activities have risen from 0.34% to 0.62%
CONCLUSION

Cryptocurrency can be seen as an investment tool as well as a payment

gateway. Although it comes with a lot of benefits, there are also
disadvantages as understanding cryptocurrency needs a lot of time and
effort.
References

• https://www.reuters.com/markets/us/cryptocurrency-crime-2021-hits-all-time-high-value-c
hainalysis-2022-01-06/

• https://safewayconsultoria.com/wp-content/uploads/2021/09/Chainalysis-Crypto-Crime-20
21.pdf

• https://www.zdnet.com/article/what-is-defi-everything-you-need-to-know-about-the-future-
of-decentralised-finance/
THANK YOU
ANY QUERIES