International

Currencies &
Cryptocurrencies
Have you ever wondered “why
don’t we all use the same
currency”?
There was little control on the
production of coins
Trade became difficult
Imagine that
you were a
businessperson
in Venice, and
you trade sugar
from the
Americas.
…and a
merchant from
Shangai was
trying to pay for
sugar with coins
from the Qing
Empire.
Currency Standards were
Invented
Bretton Woods Agreement
Establishment of a Monetary Order
Conversion rates

As of 27th October, 2021…

_

1 U$ = COP$3760
 Currency Exercise
SYMBOL CURRENCY COUNTRY(IES)
 $ Peso  ______________ 
¥ Yuan RenMinBi ______________
£ ______________ United Kingdom
U$ Dollar ______________
€ Euro ______________
¥ ______________ Japan
₩ Won ______________
฿ Baht ______________
₱ Peso ______________
  ______________ India
Video: Clueless about Bitcoin? Here's your
cryptocurrency crash course
Retrieved from: https://bit.ly/3py49Pb on 25th Oct’ 2021.
Definition of Cryptocurrency

A ‘crypto’ is a collection
of binary data that
works as a medium of
exchange.
 Have you ever traded with digital
currencies?
If not, how do you imagine that experience to be like?
 Video: Bitcoin made simple

Baffled by bitcoin?
Confused by the concept
of crypto-currencies?
Well, fear no more! https://www.youtube.com
/watch?v=s4g1XFU8Gto
What Are The Main ‘Cryptos’?
Among 6710
Crypto-
currencies
available on-
line.
 What is the difference between a
Cryptocurrency and a regular currency?
 Cryptocurrencies:
Advantages & disadvantages
Advantages
- Cryptocurrencies are not controlled by any entity.
- Its value comes directly from on-line trading.
- No intermediaries, nor banks; no fees are charged.
- You don’t need to pay EFT/Wire (bank) fees.
Disadvantages
- ‘Cryptos’ are not administered by a central bank.
- There is not a tangible reserve to back them up.
- There is a great risk of phishing/hacking.
- Impossible to determine who owns them.
A mystery about the origin of BTC
Bitcoin Cryptocurrency
INVENTOR:
Satoshi Nakamoto.
Mining

Bitcoins are created as

a reward for a process
known as mining.
The New Way of Currency Trading
How does a ‘Crypto’ work?

Bitcoin is basically a computer file which is

stored in a 'digital wallet‘.
https://coinmarketcap.com
 Can Forex trading make you rich?

You could get rich by Forex trading if you are a hedge

fund with deep pockets or a skilled currency trader.
 You can use your own Smartphone for
currency trading and generating profit!
Conclusions
• Money trading has existed for many centuries
• The way we trade today is different from before
• We can now buy and sell via cryptocurrencies
• We can become rich through currency trading