Why do some people refer to a pound as a quid when talking about cryptocurrencies? 🧐

3 answers

• Dec 26, 2021 · 3 years ago
  Well, mate, it's all about the slang! 'Quid' is a colloquial term commonly used in the UK to refer to the British pound. When it comes to cryptocurrencies, some people just like to add a bit of local flavor and use 'quid' instead of 'pound'. It's a way to keep things casual and relatable, you know? So, next time you hear someone talking about 'quid' in the crypto world, don't get confused, they're just keeping it British! 🇬🇧
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• Dec 26, 2021 · 3 years ago
  From a more professional perspective, the term 'quid' is often used as a shorthand for the British pound in the financial industry. It's similar to how 'bucks' is used for the US dollar. So, when people talk about 'quid' in relation to cryptocurrencies, they are simply using a familiar term to refer to the value of their digital assets in relation to the British pound. It's a way to make the conversation more accessible and relatable to a wider audience.
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• Dec 26, 2021 · 3 years ago
  As an expert in the field, I can tell you that the term 'quid' is not commonly used in the cryptocurrency industry. While it may be used casually by some individuals, it is not a widely recognized term in the context of cryptocurrencies. Most people prefer to use 'pound' or 'GBP' when discussing the value of cryptocurrencies in relation to the British pound. However, language is constantly evolving, and it's possible that 'quid' may gain more traction in the future. At BYDFi, we always strive to stay up-to-date with the latest trends and terminology in the crypto world.
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