Shiba Inu – Cryto bow! wow!
Recommended for Secondary Grades
Cryptocurrency
Does your head spin after reading about cryptocurrency? Well, our head and tail spins after thinking about cryptocurrency. Little readers, don’t get us wrong. It’s been tough to figure out the workings around paper currency for us so you can imagine cryptocurrency feels like it isn’t for the faint-hearted.
So, before we dive into the main news story on Shiba-Inu (we love pooches!). Let’s try to wrap our heads around cryptocurrency. Hey, did you click on the link before and figure it out? I guess not, well, in simple words it’s a digital currency – meaning if you and I are using a system that recognises “Alsatian” as an acceptable digital currency then it’s a cryptocurrency. For example, Dogecoin, Shiba Inu, Bitcoin are perfectly valid and acceptable forms of cryptocurrencies.
Shiba-Inu
I am sure we’ll need more people for it to gain acceptance, proper channels, and go through other stuff. But you get the point. Going back to Shiba Inu, one of the acceptable Indian cryptocurrency exchange systems – Giottus has started to accept Shiba Inu as valid deposits. Hurray! Bow wow! Does it call for celebrations?
Ok, what’s next?
Let’s think about it again, for starters, it’s painfully difficult to get exchange systems in place because the existing financial systems in place don’t like to if you try to change the status quo. The same happened with Giottus back in 2018, eventually, in 2020 the Supreme Court ordered a truce between Giottus and the Reserve Bank of India (RBI), allowing Giottus to breathe and operate.
Don’t start speculating your pocket money as yet on Shiba Inu or any other cryptocurrency as yet, well, our little readers need to study hard first, get into a good college and then begin their entrepreneurial journey!
Till then, stay safe and happy learning!
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