Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: emma.lee1890 on October 23, 2018, 04:51:49 PM
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I bilieve that in the future crypto currency will not replace fiat money as mode of payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.
1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.
2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.
This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.
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Yes, I agree with you, crypto and fiat money will coexist and both of these money cannot be separated, in my opinion a very good combination. because both are very influential in our daily lives.
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You're really crypto and fiat money combined well, both of these money are very influential in the lives of all of us, and both of these money are very important for transactions offline and online.
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Fiat currency has high cost and probably will be replaced by a State digital currency with fixed and stable value.
This for reduce costs and increase exchanges.
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Both are useful and have advantages and disadvantages. I prefer crypto and I really hope that in next future I can pay most of services with crypto instead then with fiat
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Yes I agree with you it is best combination if the crypto and fiat money combined in having a transactions. It will benefits us investors to have a faster and easier transaction.
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I bilieve that in the future crypto currency will not replace fiat money as mode of payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.
1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.
2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.
This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.
Yes i believe they will both co-exist instead of replacing. Crypto is good however too much of it is not a good idea we still need fiat present for some purpose. When there is mainly two types of payment when one fail there is still another type of backup currency. Crypto should stay as more to investment currency just like stocks and equities, because it is decentralize if it can be another type of currency it is good to have.
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Both are useful and have advantages and disadvantages. I prefer crypto and I really hope that in next future I can pay most of services with crypto instead then with fiat
It Will happen if crypto reach a good stability than fiat. Meanwhile fiat is useful.
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Maybe fiat will still exist in the future and only use for a local transaction. And when we want to send the money to person from another country, then we can use crypto because the transaction can complete in a short time. Yes, I agree that crypto and fiat are the best combinations in the financial section. And if crypto and fiat can work together, then perhaps, we can have a better financial in the future.
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The crypto usability either online or offline is growing up with time, and actually there is many people around the world using both fiat and crypto currencies to paying their bills especially online. It will take more time for Bitcoin and other digital currencies to become more popular and used, but in the end people and governments will be forced to start using, supporting crypto currencies.
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There are some people who believe that crypto is going to replace fiat currencies in the coming years but they ignore the fact we have the high number of illiterate when it comes to technology and hence not everyone is in the position of using cryptocurrencies as basic knowledge of internet/computer is a must for it. Thus fiat currencies are not going anywhere and we have to live with two options but we will see governments will adopt blockchain for fiat currencies too but they won't it decentralized.
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This is only so because fiat money is still the major and most efficient means of exchange for goods and services but as time goes by and bitcoins becomes more popular then you will find that fiat (physical money) will become less popular as people will gravitate towards a cashless, fast, system that eliminates the need for them to leave the comfort of their home to do any transaction whatsoever. This will happen on the fast, secure un hackable blockchain system which most companies are adopting now.
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I will complete about the advantages and disadvantages of each fiat money and crypto money. Crypto money is more decentralized, free of charge transfer and storage, privacy is guaranteed, free in transactions, no risk of billing, durable, and portable. Crypto money is often used as a fraudulent transaction. For easy use, right now, I'm easier to use fiat money because not all countries and stores accept payments with crypto money. Fiat money is also more stable than crypto money.
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You are true man. Fiat and crypto will survive together to improve the world finance. They have own advantages one another, then they can combine them to create a powerful finance system in the world. Crypto makes many jobs both in digital and real life. Crypto also eases the payment and transaction. While fiat continues as the legal payment instrument. I don't see a big problem here, and I think the combination possibly happens.