Is cryptocurrency ever going to replace Fiat?

[Mbah Jenggot]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

yes, I believe at the future It will happen. Crypto currency will replace fiat money. Lets see.

[nakmantu99]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

I think It will be happen in the coming future. Crypto currency replace fiat money.

[mackinleybhe]

For me, its impossible to have fiat replaced with crypto. Though we live today with computerized technology and worldwide spread use of internet but there are still other areas that people have no internet and don't know about cryptocurrency.

[purpleseven]

It looks like crypto is only good for investment. every country has a currency and it is possible that if crypto replaces fiat there will be a lot of rejection.

[nrubnach]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

I don’t think it is easy to replace fiat by crypto. It would be difficult for some countries or areas with less access to internet.  Aside from that,  some government resist to adopt crypto.  So it will be a long journey before it will replace fiat.

[Sudarmono]

it is true that we have to take a very long time to replace fiat money, and I do not think fiat money can be replaced with bitcoin for the future, with limited internet network and also difficult understanding.

[imikocha1994]

Still going 50.50 for this decision. I have seen many countries making crypto currency as a mode of payment. But in terms of replacing fiat, it surely takes time. And also considering that the government will surely have to come across this. It will be maybe for the future, but as of now, it is still not possible.

[kent47400]

it takes time to learn cryptocurrency because cryptocurrency is based on technology that is quite complicated when done by parents and children.
and cryptocurency cannot replace FIAT because FIAT is the legal state currency.

[rizqillah]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

Yes I think, Crypto currency will replace fiat at the coming future. Crypto is the future technology.

[bhm45]

No. That is very much impossible thing to happen. Crypto currencies are not meant for that purpose because they are not having those characters which fiat is having. The fiat is very stable and regulated currency, they are systematic in their work and balances the economic stress properly. This is what we want from the crypto currencies first then only we can say that they will replace it.
Crypto currencies need to be regulated first, not just regulated but highly regulated one! They can get into the real world only after that and all we know that they are currently decentralised one and work on the public ledger. So its obvious that it wont work.

[fritzbitcoin]

When plastic card and mobile banking  was introduced it does really replace fiat,  I guess it also the same to crypto. With a billion of population only % knows about crypto.

[@Royale]

No, i don't think it will - unlikely to happen. Fiat has been in used ever since i can remember - meaning stable, widely accepted and has the total support of the governments. Even though cryptocurrency is very much here to stay, it it still yet to be accepted by the governments as a means of payment. And realistically speaking, not everybody has the knowledge about cryptocurrency.

[rightway]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

I believed fiat cannot be easily replace by any of the cryptocurrency even the stronger one because fiat is very useful can be easily perform transactions online or offline unlike cryptocurrency that needs internet connection to perform transactions.

[aji678]

i think we would rather accept to use both and not necessarily one replacing the other. The world currently does not have the capacity to run only on cryptocurrency in everything that we do.

[roger]

No , i don't think crypto will replace fiat because it is a decentralized platform, the government can not control it