What is the difference between pound and quid in the world of cryptocurrency?

3 answers

• Dec 28, 2021 · 3 years ago
  The main difference between pound and quid in the world of cryptocurrency lies in their origins. Pound is the official currency of the United Kingdom, while quid is a slang term often used to refer to the British pound. When it comes to cryptocurrency, pound can refer to the British pound-backed stablecoins or any cryptocurrency traded against the British pound on exchanges. On the other hand, quid is not commonly used in the context of cryptocurrency and is more associated with traditional fiat currency. So, in summary, pound has a broader usage in the world of cryptocurrency compared to quid.
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• Dec 28, 2021 · 3 years ago
  Well, mate, when it comes to cryptocurrency, pound is like the official currency of the United Kingdom in the digital world. It can refer to stablecoins pegged to the British pound or any crypto traded against the British pound on exchanges. On the other hand, quid is more of a slang term for the British pound and is not commonly used in the crypto space. So, if you're looking to trade with the British pound in the crypto world, keep an eye out for pound, not quid.
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• Dec 28, 2021 · 3 years ago
  In the world of cryptocurrency, the term pound usually refers to stablecoins that are pegged to the British pound. These stablecoins aim to maintain a 1:1 ratio with the British pound and provide stability to users. On the other hand, quid is a colloquial term for the British pound and is not specifically associated with cryptocurrency. It's important to note that the usage of pound and quid may vary depending on the context and the specific cryptocurrency exchange you're using. For example, on BYDFi, you can find pound trading pairs, but quid is not commonly used as a trading pair.
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