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Cryptocurrency discussions / Re: Can cryptocurrency do away with fiat?
« on: November 27, 2021, 03:48:29 PM »Cryptocurrency was not created to replace fiat. This opinion is erroneous. The cryptocurrency was created to become an alternative to the current payment system. The people themselves must choose which payment systems to use.
We also all perfectly understand that the circulation of fiat is completely dependent on governments, and they will under no circumstances give up their national money, because their national money is closely related to the economies of these states.
agree, I think crypto will always be the digital assets and won't replace fiat money.
I don't think Crypto currency will do do away with fiat, They are different thing and will always survive together.
The state of things when the cryptocurrency market exists to make money, and the fiat market in order to spend it, suits many at the moment. Therefore, cryptocurrencies will continue to exist in parallel with the fiat market, even though large percentages are taken for transactions when withdrawing cryptocurrencies to fiat.