cryptocurrencies replace fiat money in the future

[yuanpaygroup]

Crypto is indeed increasing day by day. Bitcoin has crossed $50,000, and the entire crypto market cap has exceeded the limit of $1 trillion for the first time in history. Still, billions of people don’t know why crypto is better than conventional fiat money. In this blog, let’s discuss more fiat money and cryptocurrency.

[THERMOS]

agree with you

[dekafee79]

Crypto is indeed increasing day by day. Bitcoin has crossed $50,000, and the entire crypto market cap has exceeded the limit of $1 trillion for the first time in history. Still, billions of people don’t know why crypto is better than conventional fiat money. In this blog, let’s discuss more fiat money and cryptocurrency.

I think crypto currency is the future currency, It will be more needed at the coming future and has been predicted will replace fiat money.
But not for the few years, It will happen at the next several years again.

[Noverteno]

Crypto is indeed increasing day by day. Bitcoin has crossed $50,000, and the entire crypto market cap has exceeded the limit of $1 trillion for the first time in history. Still, billions of people don’t know why crypto is better than conventional fiat money. In this blog, let’s discuss more fiat money and cryptocurrency.

I think crypto currency is the future currency, It will be more needed at the coming future and has been predicted will replace fiat money.
But not for the few years, It will happen at the next several years again.

Cryptocurrency cannot and cannot replace the paper money of states. These are completely different financial assets, centralized and decentralized. Despite the fact that we now have a certain example with El Salvador, however, this state did not have its own currency and previously used the US dollar as its currency. This is most likely an exception on the part of states with weak economies. Developed countries will not allow them to lose their currency.
Paper money is already being partially replaced by non-cash forms of payment, and will also soon be partially replaced by digitized state currencies. It is also possible for states to completely abandon paper money, but so far this is very problematic.

[TomPluz]

Cryptocurrency is going to be the big revolution affecting the global finance, money and banking. right now, many established finance institutions are looking at cryptocurrency especially Bitcoin on how they can also be able to make a ride with the trend and make some money as their customer base are demanding that they offer crypto-related products/services. There is no stopping cryptocurrency...this is a fact and for sure. Around 4% of the global populations are into cryptocurrency...wait till it get there to 10% and we can have a wildfire.

[elbans89]

Crypto is indeed increasing day by day. Bitcoin has crossed $50,000, and the entire crypto market cap has exceeded the limit of $1 trillion for the first time in history. Still, billions of people don’t know why crypto is better than conventional fiat money. In this blog, let’s discuss more fiat money and cryptocurrency.

Because many investors already move to invest in crypto currency than fiat money.
Crypto currency is the future technology and I think It will replace fiat money at the coming future.
Crypto is more profitable to invest than fiat money.

[shadowdio]

In my opinion I think the government will not allow that cryptocurrencies will replace fiat money because you know the crypto is volatile and not all people uses device or mobile, I'm sure some people still prefer fiat money.

[nakmantu99]

In my opinion I think the government will not allow that cryptocurrencies will replace fiat money because you know the crypto is volatile and not all people uses device or mobile, I'm sure some people still prefer fiat money.

That's true, I think government will have many consideration to accept crypto currency.
Crypto currency is volatile and can not be controlled.
I think government will look for this solution if they will accept or addopt crypto currency.

[Oksana Ksyusha]

As for me I consider that cryptocurrency will be very popular all over the world. It is an opportunity to get passive income. Also cryptocurrency are decentralized, so they don't depend on governments or corporations + it is an opportunity to be anonymous. I don't think that in near future crypto will replace fiat, but they will exist together.

[jhm]

Something to bare in mind, we already have cryptocurrency ...its called crypto dollars. More money is sent digitally today, than in cash. The "control" is what a good portion of people would like to see change. Will the control change is the question. Unless you've got a government that doesn't like to control its own currency, that's a tricky future. A revolution is needed

[KryptoBull]

I don't think crypto can replace fiat because governments won't be able to accept crypto in place of fiat. Fiat is a powerful tool for governments to regulate and control the economy, they are not going to give it up. If Fiat is abolished, we will have a lot of volatility in the national & international economy.

[stanley]

Cryptocurrency will never be able to completely replace fiat. States and governments will never allow this to be done. And people don't need it either

[I-Bit]

It has been stated many times, very difficult and complicated to replace fiat. Why?
Fiat is not only a currency that is used for payment and transactions. It is a matter of regulation, centralization, and also the law. The world bank will never let it be. It may be one of the currencies, but not for replacing fiat

[alltalk]

Does replace fiats mean to lose it in the future? I don't think crypto to replace fiats, it seems to be international alternative currencies. People still need fiats, they cannot use digital currencies for all payment needs. I assume cryptocurrencies and fiats can make the world financial sector be stronger in the future. So, we actually don't need to lose fiats, or crypto to replace fiats.

[therozaq]

Does replace fiats mean to lose it in the future? I don't think crypto to replace fiats, it seems to be international alternative currencies. People still need fiats, they cannot use digital currencies for all payment needs. I assume cryptocurrencies and fiats can make the world financial sector be stronger in the future. So, we actually don't need to lose fiats, or crypto to replace fiats.

Agreed, I think crypto will never replace fiat.
As you said, people cannot use digital currency for their payment.
Crypto currency need internet for connection.
But Not all of countries have internet connection at their area.
Maybe at provinces, no internet there.