Question

Paper currency has no value in is own. Why?

Answer 1

Some paper money is fiat money, meaning that it has no intrinsic value. That is, the paper used to create themoney is not worth very much in terms of its value as a raw material. ... Before 1971, the U.S. dollar was not fiatmoney -- it was backed by a corresponding amount of gold heldwith the Federal Reserve.

Answer 2

paper curremcy has no value inis own beacuse of cryptocurrency.