Global currencies are always evolving. For example, the dollar was once backed by the physical commodity of gold. This meant that you could take dollars to the government and exchange them for gold. Nixon changed this in 1971 when he announced that the dollar would no longer be backed by gold. Instead, the full faith and credit of the federal government would support the dollar. The rise in popularity of Bitcoin has created a form of currency that now rivals fiat money, especially as we move into the age of technology. It is not backed by gold or any government or bank and allows for complete anonymity.
Research shows that the number of active Bitcoin users can approach five million by the year 2019, with fifty-one percent of users being outside of the United States.
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James River Capital Corp 