Submitted by Walmartpancake t3_zx7mc7 in explainlikeimfive
monkeybawz t1_j1yrytu wrote
Crypto isn't universal. Globally, it's barely accepted anywhere and it's too expensive to make small purchases. Not to mention the pyramid scheme of it all where it's treated as an investment rather than a currency.
And there isn't a global currency because countries want to have control over their own money and monetary policy. Would you want a financial crisis on the other side of the planet to tank your currency through no fault of your own?
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