Cryptocurrency Simplified - Using Space Journey - Story Telling to Grand mom

2. Characters – Grand mom
– Ms. Bentley
Narrator – Mr. Charlie

3. • Good Morning Ms. Bentley
– How are you
– Let me take to the Eighth wonder of 21st Century
– Traverse to the Digital Currency Universe and
Space
Hello Mr. Charlie
I am Fine
What – You will take me to the space and universe
Interesting!!!

4. • Thanks Ms. Bentley, I have designed the
whole aura of details of digital currency in
the Universe background
• Yes, Mr. Charlie, I feel like stationed in a
space center

5. • Hello, Ms. Bentley ,Do you know how you will pay for your utilities
in next 2- 3 years
• Yes, Mr.Charlie, I will continue to pay through Normal $
• Ms. Bentley, Have you heard of a currency that is digital and
decentralized?
• NO. CAN YOU TELL ME WHAT THIS DIGITAL CURRENCY IS
ABOUT ?
• Yes Ms. Bentley, Digital Currency
is a universal currency of future which
will enable itself for all common
transactions in a
decentralized manner

6. Thanks Mr. Charlie, Got the understanding
Also Mr. Charlie ,See I am Old. Where all I can use this ?
See Ms. Bentley, The currencies can be used for any utilities –
• Buying Pizzas
• Renting a bike
• Sending money to your dear ones on
Occasions

7. • Paying Mobile Bills
• And many more…
This is a surprise, Mr. Charlie. Now I can
understand it better.
YES ,SURE Ms. Bentley.
But Mr.Charlie,
I heard there are lot of Currencies in the
market.

8. • Yes, Ms. Bentley, You are right!
• See Ms. Bentley, Digital Currency are the universe
There are so many currencies in the universe like galaxies,
Stars, Planets
These currencies are based on lot of utilities
Great Mr. Charlie !!
Also Mr. Charlie ,One fundamental Question - Will these
currencies be available in long term ?

9. • Yes Ms. Bentley, These currencies are for
long term.
• How do you say so,Mr. Charlie
– Everyone has created them for some purpose
and utility
– So utilities are always there. So these currencies
are also long term
One fundamental Query ,Mr. Charlie, As you
know Current Currencies are centralized by
Government and Federal agencies, how safe
are digital currencies ?

10. Yes Ms. Bentley – I got your question
As discussed earlier Ms. Bentley, the Digital
currency are decentralized i.e., there is no
centralized authority. It is a transaction
between a consumer and a receiver. So it is
safe

11. • Now Mr. Charlie , I go to ATM to withdraw Cash
and I pay some petty bills using Cash.
• Then Mr. Charlie, Can I get cash for the digital
currencies ?
Yes Ms. Bentley it is absolutely possible
-ATM’s are available for
withdrawing
Crypto currencies.
• Wow !!! This is Awesome , Mr. Charlie

12. Thanks Mr. Charlie ,You were very patient in
clarifying all my queries. Kudos!!!
Now one more question ,Mr. Charlie, I have a bank
account. I deposit all my money in Bank and
exchange for many services.
Is this the same for digital Currency , Mr. Charlie

13. No Worries ,Ms. Bentley ,I can explain the same. There are
mobile applications, wallets and Websites where we can buy
digital currencies.
Ms.Bentley,As you may be aware of Stock exchanges,
similarly crypto exchanges are available. These currencies
are listed for buying and selling

14. Great – This is simply superb, Mr. Charlie.
So, now I can do investments in Digital
currencies like Bank.
What are your thoughts on this, Mr.
Charlie?
Yes Ms. Bentley , As we check for all the
compliances for depositing in our bank
similarly we can Invest after
doing the due diligence
of the currencies

15. Okay – I Got to know the digital currencies
now much better.
But is it approved ?
Good Question, Ms. Bentley.
See Ms. Bentley,there are certain regulations in
many countries, where it is approved.
Many more countries are still in the process of
approving it

16. Then Mr. Charlie , I can summarize the how
Digital Currency can help us for common
purpose
- Fast
• Ease of use
• No monitoring
agency
• Lower Transaction
Cost
- Protected from Fraud
- Used for any utilities
Excellent, Ms. Bentley, You are awesome!!

17. • Also Ms. Bentley, I want to pass an important
information
• What is it ,Mr. Charlie?
• Digital currencies are designed based on
some utilities as I already informed you.
Few of them are based on certain assets
like gold, real estate or functionalities
• Many thanks ,Mr. Charlie

18. So Digital currencies according to me is an
alternate mechanism of transaction. Am I
Right in my thinking?
Yes Ms. Bentley – Currently we have two
mechanisms of Finance – Normal currencies
and Crypto currencies
So I have become as an Expert – Mr. Charlie-
What do you say?
Yes!!! Yes !!!

19. Finally Ms. Bentley ,Had a great time
conversing with you. The stability of the of
crypto currencies are dependent on the
utility and the value they provide to the
consumer.
Thanks Mr. Charlie ,for making me travel the
Universe journey of knowing what is Crypto
currency