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Crypto-currency is the new form of currency that has been dubbed as the next big thing in global financial markets. Crypto-currency just like other currencies that are already in use has value because its users think that it has value. Global currencies come backed up with precious stones such as gold and diamonds while others lack any backing but still have value because of people’s belief that they have value and are an acceptable unit of exchange. The idea behind crypto-currencies was to create a unit of exchange that could be used to store assets without people having to rely on the services of central banks.
