[Music] digital money internet money coins tokens crypto you've probably heard all these words thrown around they are all the same as cryptocurrencies a cryptocurrency is a currency just like the us dollar for example that helps you send money to another person over the internet each one has an exchange rate so you can convert them to other currencies on a cryptocurrency exchange but why do you need a cryptocurrency look i love money you love money we all love money but let's face it regular money or fiat money as the finance people call it has its issues first if you want to send money quickly to people in other countries it could take a while you start thinking about how to convert your money which app will send it instantly how you're about to spend so much money on fees please even talking about it's stressing me out secondly holding a regular currency for a long time doesn't necessarily make you richer in fact your money could lose value because of inflation so you can imagine how useful a currency that helps you bypass all that stress could be in the land of crypto bitcoin is kink or queen anyway there are about 5 000 different coins today most coins that came after bitcoin are called altcoins some popular ones are ethereum litecoin xrp and dodge coins stable coins are another important type of crypto their prices don't rise and fall as much as the other coins because they are tied to the price of a stable asset like the us dollar usdt is the largest stablecoin and one usdt is equal to one dollar so you can send usdt to people in place of usd enough of the tech stuff how is crypto valuable to you and me apart from helping you send money easily it can be a form of investment for example let's take xrp another crypto say one xrp is equal to one dollar that means that one dollar is its price and prices can go up or down depending on how many people are using that particular cryptocurrency so the price of x rp could increase to like five dollars later and you make five times your investment if you bought it at one dollar basically cryptocurrencies are like the combination of a currency and a stock but way more awesome
