Topic: Can cryptocurrency replace fiat money? - page 10. (Read 1815 times)
There's a good possibility of crypto to replace fiat. Of course, crypto still needs many inprovements. But I guess this is the first step to the future payment system. That would be great.
There is no tendency of this happening anymore. If it was as things were last December when the cryptocurrency market was surging very high, I would have said maybe there is a possibility. But right now, it may never be possible for crypto to replace fiat.
The cryptocurrency will replace fiat money it is only a matter of time. It is necessary to wait 5 years and everything will be.
Sorry I have to disagree. Fiat system has been with us for how many years? And you think it can be just replaced in 5 years? Seriously, seriously, doubt it. In fact, I doubt that it can be replaced at all. There's no way that banking system will allow this, admit it or not.
There is still no really an ecosystem with cryptocurrency, we are in a young period. Without it will never replace fiat. If there are no demands there are no offers, we need to push both sides, to create this ecosystem by providing solutions
Currencies that do compete with each other in currency market now are fiats and crypto currencies. 2017's growth has drawn in en-number investors into crypto and this supported more growth.
Currrent generation is keenly looking into crypto's moment and will soon adapt crypto currencies which will cause fiats' circulation and fiats value will remain flat in its growth. This is the reason governments are not ready to accept bitcoin or any other crypto currencies.
Currrent generation is keenly looking into crypto's moment and will soon adapt crypto currencies which will cause fiats' circulation and fiats value will remain flat in its growth. This is the reason governments are not ready to accept bitcoin or any other crypto currencies.
I don't think that it can do any cryptocurrency now. But the government can make their own crypto and it can replace fiat money. But it would be in the long future.
As soon as I learned about cryptocurrency, I immediately realized that it could replace our money. Perhaps this will not happen soon, but I am sure that this will happen in the future.
I’m not sure crypto currency can replace fiat so easily or ever do so
Because fiat is generally acceptable and can be spent easily
Bitcoin needs to attain that fact and also convince the world of its popularity too
Because fiat is generally acceptable and can be spent easily
Bitcoin needs to attain that fact and also convince the world of its popularity too
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In future, can cryptocurrency replace fiat money? This seems to be most interesting phenomenon to discuss today.
https://blog.amon.tech/can-cryptocurrency-replace-fiat-money/
Well not really sure about it but yes it can happen. With coins like Paragon, Cardano and Stellar, I believe that people will go towards them because of their sheer profitability and excellent projects. In future, can cryptocurrency replace fiat money? This seems to be most interesting phenomenon to discuss today.
https://blog.amon.tech/can-cryptocurrency-replace-fiat-money/
Encrypted currency cannot replace legal tender
the reason:
The cryptocurrency price is changing every second! People can't buy goods and food that change every second!
The cryptocurrency conversion process is cumbersome. We all know that all current cryptocurrency conversions need to be purchased over the Internet! Many children and children cannot complete these steps!
the reason:
The cryptocurrency price is changing every second! People can't buy goods and food that change every second!
The cryptocurrency conversion process is cumbersome. We all know that all current cryptocurrency conversions need to be purchased over the Internet! Many children and children cannot complete these steps!
In future, can cryptocurrency replace fiat money? This seems to be most interesting phenomenon to discuss today.
https://blog.amon.tech/can-cryptocurrency-replace-fiat-money/
https://blog.amon.tech/can-cryptocurrency-replace-fiat-money/
That will never happen regardless of our widely accepted cryptocurrency becomes, It can never subdue the need for fiat currency. There will always be relevant need for fiat currency, mostly especially due to the fact a lot government will never accept cryptocurrency as an official means of exchange within its country.
I don't think this will happen if the cryptocurrency can replace the fiat currency, they have their respective roles, crypto is still crypto, fiat money remains with the same function
Cryptocurrency and fiat money both are very important. Cryptocurrency make easy to transaction all over the world within a second. Other hand fiat money is traditional money being the start of human civilization and they complete their daily task.It is very difficult to say what happen in future.
https://blog.amon.tech/wp-content/uploads/2018/11/05102018170309911.jpg
In future, can cryptocurrency replace fiat money? This seems to be most interesting phenomenon to discuss today.
https://blog.amon.tech/can-cryptocurrency-replace-fiat-money/
In future, can cryptocurrency replace fiat money? This seems to be most interesting phenomenon to discuss today.
https://blog.amon.tech/can-cryptocurrency-replace-fiat-money/
yes it will, as of today it is slowly replacing the fiat money into cryptocurrency by way of transactions in payments and as a currency.
I have found a lot of topics that discuss this, and my answer remains the same, I'm not sure if the crypto currency can replace the FIAT currency, for whatever reason.
The limiting factor to increasing the accessibility and usability of cryptocurrency is no doubt; the ease of conversion with the cash denominated fiats. Once this is achieved, crypto will become widely accessible and usable with the predominant prepaid cards making rounds these days in the cyptosphere.
I see it to complement the fiat money; and not really replace.
I believe the community will be glad if the complement is better enhanced because; it will improve blockchain and cryptocurrency related activities and values.
Thank you!
I see it to complement the fiat money; and not really replace.
I believe the community will be glad if the complement is better enhanced because; it will improve blockchain and cryptocurrency related activities and values.
Thank you!
I believe that the use of cryptocurrency is a very convenient way of making payment transaction online as this is very efficient and fast. However, in relation to the subject which I think fiat currency cannot be replace by cryptcurrency this time since mass adaptation globally has not yet really evolved yet further. This needs more time to consider as cryptocurrency has still a long way to full fill such goal despite of the great advantages it can offer.
actually this topic has been frequently and widely discussed on the bitcointalk forum, if you want to look more diligently you will find it. but its okay, I will give my opinion here. in my opinion cryptocurrency will not be as easy as replacing fiat, if speaking of context globally it will be very difficult to force millions of people to accept crypto in the near future, and I don't think that is really needed right now. crypto still needs more development, giving trust to the community to be accepted. compared to replacing fiat, I agree that both of them are able to collaborate for more future finance.
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In future, can cryptocurrency replace fiat money? This seems to be most interesting phenomenon to discuss today.
https://blog.amon.tech/can-cryptocurrency-replace-fiat-money/
I find people use credit cards, pay through PayPal, pay by phone ... Paper money has the consequences such as high fees, lost time ... Currently, electronic money can not It can replace paper money because of its low popularity in all countries around the world. But in the not-too-distant future, when governments around the world accept electronic money, paper money will be replaced.
Its not we wanting for the replacement of fiat money into digital currency. Yes, cryptocurrency makes us more productive as it less consuming time in doing transactions but we can still deny that not all establishment have accepting these. And also, some areas don't have internet which is could only run for these. Jump to: