Fiat money has its needs! As of today Crypto is still not accepted as a mainstream monetary method. Which is why even today we have to pay and take care of our needs via FIAT money. I wish crypto would replace FIAT money sooner than later in our everyday monetary transactions. Which would have literally made our life much simpler and efficient!

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CRYPTO

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• Easy to access, anytime/anywhere!
• No KYC required
• Easy way to handle
• No third party involvement
• Security
• GOV does not have a say in this

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FIAT

• Not really easy to access
• Give your full details to Bank, Gov and every sector need be
• Banking requires a lot of time
• Risks involved in carrying FIAT (Big amount)

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In short FIAT is a a necessity in our life that I do admit. Without it our most of the tasks will be incomplete. Hence it is a must in our everyday life in terms of monetary transaction. It does has its ups and downs. Digital money and digital transactions will slowly take over FIAT money and Banks are going to be a collateral damage in this cycle. It might take some time but eventually this phase will arrive for us all.

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A simple incident happened with me......

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Yesterday I was sort of pissed to go through an experience! banking is a necessary part for my business and other stuffs. I usually do not like going to banks unless I absolutely need to. Yesterday was sort of those times. Under normal circumstances what I usually do

• Enter the Bank with our cash
• Collect a ticket
• Fill the form with little details
• Deposit
• Get out of the bank

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While, the bank that I went yesterday was a traditional government bank. And honestly there was a lot more to do this particular bank. I had to make a transfer to a certain bank account. It was not of my own but of my Uncle's. Unlike the private banks there were several issues in this bank. And they had a very nefty way of making things work in this particular bank. The stuffs were old and they do not prevail any sort of good behavior within themselves. And they are irrespective towards almost every client. It's really a pain in the a** While another thing is they are slowwwwwwww in performing their duties. Which adds another level of dis satisfaction towards them. As if the employees were at their bedroom. Any task thrown towards them is probably a burden to them. No order was there. No information was there. It was literally a hell for people like me.

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The task was probably of 5 minutes but in this case I had to

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• Fill the form for deposit ( It was as if I was giving my CV to the bank) this was my first lol

• Had to ask the employees which is the deposit counter as they were cashing out from deposit box and depositing on cashing out box. I laughed at myself for few minutes.

• Than came the queue.

• Than came the interrogation. Who does the account belong to? Source of money? Bla bla bla .

I was literally frustrated within those few minutes. After a long hassle I finally achieved my goal. Yes, I did it !!

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Guess what!

The money that I deposited yesterday in the bank it was of CRYPTO 😜

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Yes, lately I shared the current situation where I had to cash out from my crypto holdings. As hard as it sounds but I had to do it. Compared to the hassle that I faced from the tradinal banking method there was close to hassle at all in terms of tradingmy crypto.

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The steps that I went through to convert CRYPTO to FIAT

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• Find a buyer
• Sent him crypto
• Shared my Bank account
• FIAT deposited to my bank
• I cashed it out of ATM 🏧

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Voila!!! Done and dusted! But putting that same money but to a different bank I had to waste my whole day! What an irony!

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This is just one of those examples which and how crypto is far better than usual monetary system at our disposal. Lets just await and see what will happen in the next twenty years or so!

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Best regards

Rehan

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Posted Using LeoFinance ^Beta