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Currencies have been made easier in Europe by the euro replacing many previous currencies. For example, Spain once being the peseta, that I once pronounced as potato, and Greece’s drachma, that I could not spell for the life of me with its silent ‘h’. As a point of reference, too, currencies are not generally capitalized. Anyway, putting these points of English aside, we shall explore the main currencies that feature in world lists.
Pound
The British pound, or sterling, to which it is often referred, is used in Great Britain, British Antarctic Territory, British Indian Ocean Territory, and South Georgia and the South Sandwich Islands. It is distinguishable by the way it is now divided into 100 pence. The pound is also as a currency, but in name only, for Egypt, Falkland Islands, Gibraltar, Guernsey, Isle of Man, Jersey, Lebanon, Saint Helena -Ascension and Tristan da Cunha, South Sudan, Sudan, and Syria.
The British pound is 1,200 years old. It dates to approximately 775AD, when “sterlings” (silver pennies) were the main currency of the Anglo-Saxons. To possess 240 of them would mean that you had one pound in weight. This would have been quite a sum during the 8th century.
It was on 15 February 1971 that 5p, 1p, and 2p coins, were introduced in completing Britain’s change-over to decimal currency. Prior to this, the symbol ‘d’ and not ‘p’ would represent pence, and there would be 240 pennies to the pound. The change-over process resulted in banks being closed for four days to prepare.
The symbol for the British pound can be traced to continental Europe and the Roman era. The name pound in Latin is “poundus”, which means “weight”. The symbol itself is an ornate representation of the L in Libra. Libra is, of course, the star sign that represents Libra birthdays.
Euros
It was on 1 January 1999 that the Euro was launched. During its first three years, it was an “invisible currency”. It was just used for electronic payment and accounting purposes. The actual coins and banknotes became available from 1 January 2002, applying to 12 EU countries. The symbol for the euro currency is based on the Greek letter for epsilon, making the first letter represent “Europe”. The two horizontal parallel lines through it are to signify stability. Not that it has seen much of that of late. The euro’s ISO code is EUR, which can be used to avoid the need to use the symbol.
Dollars
The dollar is the most widely used of the currencies in the world. We straight away think of the American dollar, represented by the letter S with a vertical line through it, but there are many more counties using the dollar name for their currency. Countries from Antigua and Barbuda to Zimbabwe. There is also an Australian dollar and a New Zealand dollar. However, just the US dollar, established in 1785 as an official currency, is used in 16 countries. Rand claims that the dollar sign, written in this case with two vertical lines through it, was born from the initials of the US. A capital U that has been superimposed over a capital S and minus the lower part of the U.
Dollar is thought of as the main currency with regard to international trade. In addition to that, dollars can be used for a variety of purposes, including investing and forex trading, as well as playing at online casinos (like River Belle no deposit bonus) with no deposit required. In view of the wide acceptance of this currency, it’s no wonder that it has dominated world economics for so long.
Bitcoins
A Bitcoin is simply a computer file that is stored inside a “digital wallet” app and which sits on a computer or smartphone. People will send Bitcoin (or a part of one) to another person’s “digital wallet”. These single transactions are all recorded on a public list referred to as the “blockchain”. This makes it a currency that can be used the world over. It is also more secure than other forms of currency, Given all these benefits, major companies have started designing their blockchain platforms to aid and record all transactions. In fact, there are some firms that are now starting to roll out some of the best blockchains for gaming. Not only, that, but even in-app purchases for some normal games are also now possible with the help of bitcoins and similar digital currencies. But yes, developing codes to make transactions possible with blockchain could be a lot complicated. Probably developers make use of some top-notch analytics tools, like dune api, for instance, to carry out such projects effectively.
That being said, Bitcoins can even be converted to cash by moving them into a bank account. They are sold on a cryptocurrency exchange such as Coinbase or Kraken.
So, wherever you are in the world, you can trade with others. Just spend it wisely.
