Topic: Can cryptocurrency replace fiat money? - page 11. (Read 1809 times)
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.
In my opinion, I do not think cryptocurrency may replace fiat money in the current situation and in the next 10 years or more. Reason could be that, fiat money represents as a monetary currency of a country with it's corresponding value wherein anywhere in the world you can have it change depending on the currency you wish to exchange. Fiat currency is accepted globally while cryptocurrency for now has just started to evolve globally where for some countries it is not yet recognized clearly due to government ban of cryptocurrency. However, there is a great chance that cryptocurrency will be more adopted by many countries but fiat currency will still be existing.
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 think that they can replace crypto by large, but that application is still too far, so for the moment it is great that at least you can use it to buy and to trade.
Replacing fiat? In what case? Although the crypto offers very interesting concept and advanced technology, I thin that it is impossible for crypto to take over the fiat. there are many reasons why:
1. Different country has different level of society, many countries are still developing and not developed.
2. So difficult to use crypto in daily payment method.
3. Crypto is used only for some big companies in the world or even fro investment.
1. Different country has different level of society, many countries are still developing and not developed.
2. So difficult to use crypto in daily payment method.
3. Crypto is used only for some big companies in the world or even fro investment.
I don't think that would happen, cryptos is good when you are making across the border transfer, fiat money will exitst and continues to exist
Yes but then i think there will be alot of stable coins to be used and blockchain technology is going to be popular in our generation. Cryptocurrency can provide our needs to earn profitable money. By then when all people jump into our space ''maybe'' That's a right time to decide.
Cryptocurrencies can and will replace fiat, but it won't happen soon. I don't think that current generation of cryptocurrencies can do that, but in the future... Technology still need some improvements and we need more secure systems.
I think that it is technically possible that Cryptocurrency replace the fiat money. But i also think it will never happen.
As o now it can't possibly to a fiat money to cryptocurrency because of so many issues encountered by crypto world. There's a lot of hindrances that block the diversity of virtual world over current economic growth. That's why we can absolutely predict when cryptocurrency take over the fiat money or currency.
In my view, It is unlikely to happen mate. I believe that Fiat will be never replaced forever. People need it for the payment instrument, It has proven for all the time. I don't think crypto will be better to use as the payment instrument in real life.
I don't think so that crypto will replace the fiat. We must be aware that this society in the worldwide is very wide. There are many different countries with different culture and society situation. For the developed countries, it may be. But for the developing country or left country, I don't think that all societies can accept the crypto. But there may be many countries that can apply crypto as one of the payment method. But not replacing fiat.
I think can. The cryptocurrency is just the same money but with the smaller commission. It is more convenient and safer to translate them.
I believe that money will always exist and cryptocurrency will not be able to replace them
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 don't think that cryptocurrency will replace fiat currency in future. Cause we can't think our daily life without fiat money.
Right now we can't think about it but we're going to the golden age where transactions will be digitalized. It's either crypto's are going to be innovated by an agency of a government that can be in favor of them or they will just use the technology (blockchain) together with digitalized fiat money.The cryptocurrency will replace fiat money it is only a matter of time. It is necessary to wait 5 years and everything will be.
5 years? I don't think that's enough for the world to start using crypto's as main payment method for everything. They can adopt the idea of crypto's but they won't fully rely to it.
The cryptocurrency will replace fiat money it is only a matter of time. It is necessary to wait 5 years and everything will be.
I don't think that cryptocurrency will replace fiat currency in future. Cause we can't think our daily life without fiat money.
yeah you are right,,
and if this crypto will replace fiat currency, its need a long time to go there,,
because in nowadays there is a lot people don't know about cryptocurrencies
and the most important thing is most of government reject this crypto now, but who know in the future, right ?
I've seen a lot of people not using paper money anymore. Instead they use mobile phones, credit cards, coupons, etc... you name it. But if it can replace FIAT as such... meaning also digital money in banks, payment processors (PayPal), I don't think so. Most likely paper money (banknotes) will be replaced rather soon.
I don't think that cryptocurrency will replace fiat currency in future. Cause we can't think our daily life without fiat money.
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