Can cryptocurrency make real money disappear

[emmybd]

With the advancement of digital technology we are moving towards cashless society. In future people will use more credit card , online payment and carry less cash. That doesn't mean fiat currency will disappear. Also the use of digital currency/cryptocurrency will be even more common. Cryptocurrency especially Bitcoin have been gaining ground sharply and this trend will continue.

[Legion]

With the advancement of digital technology we are moving towards cashless society. In future people will use more credit card , online payment and carry less cash. That doesn't mean fiat currency will disappear. Also the use of digital currency/cryptocurrency will be even more common. Cryptocurrency especially Bitcoin have been gaining ground sharply and this trend will continue.

That's right, all transactions in the future will move to the digital world so this will make it easier for us if we want to travel, we don't need to carry a wallet which is very troublesome for us. Only with the smartphone we have will it be easy to carry out transactions in the future.

[Hatchy]

What are the chances of living in a world with no actual money ?   
I think personally that cryptocurrencies won’t make FIAT useless, but I think that cryptocurrencies will work hand-in-hand with FIAT money. Especially in countries like the United States, and the other first-world countries; A lot of companies such as Boosteroid etc. ,  create usefull cryptocoin which are making transaction cheaper and easier.

Cryptocurrency are alternative payments methods, they cannot totally replace fiat system.they might come times where you have to pay with fiat and so we cannot expect cryptocurrency to take out fiat totally. Though in the future, we might see people adopting digital financial system more. Because it's far more easier and one can have control of his funds if he wish, compared to fiat Which are generally controlled by the government.

[0t3p0t]

With the advancement of digital technology we are moving towards cashless society. In future people will use more credit card , online payment and carry less cash. That doesn't mean fiat currency will disappear. Also the use of digital currency/cryptocurrency will be even more common. Cryptocurrency especially Bitcoin have been gaining ground sharply and this trend will continue.

Paper money might disappear but they do have already the digital version of it  so it will still go head to head along with Bitcoin depending on transactions. I can also see that cashless society will be achieved fully in the future because of digital assets that can be used in all kinds of transactions.

[UNIVERSE]

Cryptocurrency are alternative payments methods, they cannot totally replace fiat system.they might come times where you have to pay with fiat and so we cannot expect cryptocurrency to take out fiat totally. Though in the future, we might see people adopting digital financial system more. Because it's far more easier and one can have control of his funds if he wish, compared to fiat Which are generally controlled by the government.

It is true. Cryptocurrency isn't intended to remove fiats or paper money. Cryptocurrency is just digital money, it is the additional currency. The function of Cryptocurrency is to complete paper money, it won't remove paper money or fiats. We can't deny that we need paper money or fiats, physical money is always needed. There are many places in the world that still can't apply the digital money for their transactions.

Digital financial system has been adopted. Nowadays, we have some options for paying goods or services. We can pay with physical money or transfer money through our digital bank account. This is also an example of digital financial system. However, with cryptocurrency, the digital financial system will be improved more.

[albon]

Cryptocurrencies will not invalidate FIAT and may make various business activities within a country compatible with Fiat. But it needs time to be considered as real money in every country. Due to the ban on crypto currency in many countries, they are lagging behind in many things. Moreover you can earn money from crypto currency in different ways. Decentralized finance applications can get you great interest rates. Again you can get good profit by holding crypto currency during market rise.

[philipma1957]

Not completely worldwide. But  maybe a 90%  reduction  in cold hard cash may happen.

[Aanuoluwatofunmi]

What are the chances of living in a world with no actual money ?   

Its when we invested on shitcoin and got scammed, or if we were been hacked, but mostly this is not what could happens on a normal day if we have adequate information about the crypto we are dealing with, some of the people that got scammed were the ones that never knew what they are protecting and as a result, they leave their vital aspect being vulnerable for others to attack, without all these, there's nothing that can steal away our money from us when we know what we are doing.

[bee]

Perhaps, there are a few first things that need to be realized:
1. Everyone should have a flexible, standalone internet connection (can be activated anywhere) that is interconnected with each other. This will ensure that crypto can be used anywhere without the hassle of connecting to the network.
2. Ensure the availability of an abundant source of electricity forever.

[bitterguy28]

Because it's far more easier and one can have control of his funds if he wish, compared to fiat Which are generally controlled by the government.

aside from governments not being able to trust cryptocurrencies, i think that adoption is one of the biggest challenges of crypto fiat has been well established and has been used for hundreds of years and it will be difficult to uproot that

[bisdak40]

I think cryptocurrency cannot make real money disappear totally because we need physical money but the use of cryptocurrency will be more relevant. It cannot make real money disappear because of volatility, scams, and irreversible transactions. cryptocurrency can significantly change the financial landscape but cannot eliminate real money.

[0t3p0t]

I think cryptocurrency cannot make real money disappear totally because we need physical money but the use of cryptocurrency will be more relevant. It cannot make real money disappear because of volatility, scams, and irreversible transactions. cryptocurrency can significantly change the financial landscape but cannot eliminate real money.

Cryptocurrency can be the very best way to invest but in terms of payment system I don't think so due to it's volatility and majority of people especially here in my country don't know about crypto and are happy to still use fiat currency even in the future but over time they may also adopt into using or investing into crypto so time really can tell but the idea of taking over for me is really impossible for now.

[Hatchy]

~

It won't be long before cryptocurrency adoption will be all over the world. It's already happening, the world has started knowing about crypto and want to explore more about it. The only issue still slowing down the rate of crypto in most country is still the so called government. And that's obvious because they want to try and control it just like the fiat.

[Aanuoluwatofunmi]

People continue to have different approaches towards what cryptocurrency is all about, but it could have done us more good if many of us have taken the responsibility of researching towards it from the internet before taking assumptions on things we les have idea about concerning crypto, we lose money in real life when we invest on any asset, then why should that in crypto be an exceptional.

[LogitechMouse]

Re: Can cryptocurrency make real money disappear

No it will not happen, and it will never happen.
There are many reasons as to why it will not happen, but I think these 2 are for me the reasons as to why it will not happen.

1. Banks will not let it happen because it will affect their business that badly.
2. Not all people have access to cryptocurrency, but they have access to fiat currency that we are using right now.

The 2nd one is for me the main reason as to why it will not happen. Not all people have access to cryptocurrency. Not all people have access to smartphone, and not all of the people even have access to the internet. There will, and will always be people out there who will prefer using fiat money than others. As for the banks, they will not let it happen. Simple as that.