Can cryptocurrency do away with fiat?

[yohananaomi]

With time I believe cryptocurrency will replace fiat currency. A lot of  people are beginning used to  the cryptocurrency and they have been seeing  importance of it around the world.

it seems that what you say may be difficult to realize even though it is a necessity with crypto because the development of renewable technology is unavoidable.
there are still many people who are used to using fiat money and are still trading in the traditional way and the need for fiat is still important, it seems that this will be difficult to eliminate the same as the need for a bank.

[gunhell16]

Though we can't deny the fact that cryptos are more valuable assets in near future though we should not under estimate the power of fiats , we cant compare USD strength with BTC, fiats have an underlying value but not cryptos!

From what I see with what's happening in cryptocurrency and the stock market even in most countries that have accepted it, I think it's going to be hard for it to go away because a lot of business people are embracing it, to be honest.
It seems that crypto and fiat are equally important in our generation today, and that is the truth in this incident.

Although different in literal terms because crypto is digital and fiat is not, it can be said that it is a currency that helps all people around the world when it comes to our financial needs as humans.

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[gurunanakji777]

One can not ignore the usage of Fiat currency apart from the cryptos. As we all know until and unless Crypto stable coins are accepted widely across the world we can not expect much from the cryptocurrencies even very few merchants accepted only limited crypto currencies so things should be changed to some extent then only we can expect otherwise I think one can not ignore the usage of Fiat currency.

[Afony]

Cryptocurrency is not connected with fiat money and cannot influence them, just as banks cannot influence fiat money. It is difficult to talk about it now when fiat money disappears.

[Speaker]

It seems to me that they have a lot in common, but still to become a unit of calculation and a means of accumulation for many top projects whose coins come out - there is no goal.

[gunhell16]

Cryptocurrency is a digital currency which is designed & expected to be operated, spent digitally, presently we have USD as the major value of it's distribution, most of us could transact daily after converting or cashing it out in our individual country's currency. USD is a fiat currency value.If crypto currency should mint out their own coin or not,it has possessed a fiat value, Do you think crypto can actually do away with fiat totally?

Cryptocurrency is not designed to replace the fiat currency. It seems that you have a wrong understanding of cryptocurrency dude, because if you look carefully it is an asset that can give us help in the future, and also can give us an opportunity to earn like an employee without a boss or company, do you get it?

Also in this day and age, fiat currency is still the majority that every country needs, and you know that for sure, I just don't know from where you got that mindset or familiarity with cryptocurrency.

[Mackintosh]

If cryptocurrency overtakes fiat, first it needs to find a strong base that it can attach its value to offline. If cryptocurrency value remains depending upon USD most of the time, then there is no question of crypto overtaking fiat. Moreover, crypto needs to become stable and have more liquidity in order to be used in day to day transactions.

[Zezari]

Of course, it will be impossible to do this with any cryptocurrency, even payment systems in banks cannot do this. Yes, the decrease in the turnover of fiat money has decreased, but on occasion, as is now happening in Ukraine, fiat money has increased its volume.

[Moova_btc]

Crypto currency is already becoming a very useful means of legal tender across various sectors globally. Do you even know that you can buy luxury properties in Dubai via DUC token . You can even buy pizza with QMN and these projects are all on the ducatus blockchain

[Speaker]

Of course, it will be impossible to do this with any cryptocurrency, even payment systems in banks cannot do this. Yes, the decrease in the turnover of fiat money has decreased, but on occasion, as is now happening in Ukraine, fiat money has increased its volume.

the amount of money has become less due to high inflation and various mechanisms to stimulate the economy , no cryptocurrency will replace money, but it will be able to take its place as a separate asset class .

[Alcor]

Crypto currency is already becoming a very useful means of legal tender across various sectors globally. Do you even know that you can buy luxury properties in Dubai via DUC token . You can even buy pizza with QMN and these projects are all on the ducatus blockchain

Cryptocurrency is sometimes used as a means of payment, but its use today is negligible compared to the fiat of states. The use of cryptocurrency still presents a certain difficulty for ordinary people. In addition, cryptocurrencies should be easily fungible with fiat, and states with their banking system should join this issue. But states in general are not interested in the widespread use of decentralized cryptocurrencies. But it is absolutely unrealistic to hope that cryptocurrency will replace fiat.

[Speaker]

Crypto currency is already becoming a very useful means of legal tender across various sectors globally. Do you even know that you can buy luxury properties in Dubai via DUC token . You can even buy pizza with QMN and these projects are all on the ducatus blockchain

Cryptocurrency is sometimes used as a means of payment, but its use today is negligible compared to the fiat of states. The use of cryptocurrency still presents a certain difficulty for ordinary people. In addition, cryptocurrencies should be easily fungible with fiat, and states with their banking system should join this issue. But states in general are not interested in the widespread use of decentralized cryptocurrencies. But it is absolutely unrealistic to hope that cryptocurrency will replace fiat.

Well, in many countries with the depreciation of their own national currencies, huge inflation and poor accessibility of the population to non-cash payments-transfer and payment with cryptocurrency just becomes the best solution)