I am of the opinion that crypto will not replace fiat for now, of course, crypto continues to run and continue as a means of the transaction via the internet. It runs harmoniously and accordingly in its place. This will not compete with each other because it is already in the holder. Fiat is held by people who are accustomed to using it, and crypto is held by the community and still uses fiat for daily needs and for investment.
Topic: CRYPTO AND FIAT MONEY BEST COMBINATION - page 6. (Read 2214 times)
I also believe that in tandem Fiat money and cryptocurrencies give an excellent result in the field of Finance. But it should not be excluded that cryptocurrencies may eventually replace the Fiat currency (although this may not happen soon), however, such a decision can be made only by banks and government agencies. And they certainly will do as it will be convenient to them.
I have got a good point on that.
in my opinion, crypto / digital currency will replace the fiat currency one day.
At least if everyone uses cryptocurrency for an investment place or payment instrument, I just doubt the way they buy cryptocurrency? Until today someone who has a cryptocurrency always uses money fiat to buy cryptocurrency, rarely do they exchange an item for the cryptocurrency. in my opinion, crypto / digital currency will replace the fiat currency one day.
So as I have confidence if money fiat will always be available and used as the first instrument of payment, then they will use the cryptocurrency as the second instrument for payment tool.
I have got a good point on that.
in my opinion, crypto / digital currency will replace the fiat currency one day.
Thats will not gonna happen. the government will certainly always manage fiat, there are many interests and concerns in fiat's local currency, not just about payment systems, so I think crypto will never take over the position of fiat, after all the topic of this thread is correct, that both of them can work together.. in my opinion, crypto / digital currency will replace the fiat currency one day.
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.
Indeed and that is basically why cryptocurrency cannot replace nor abolish fiat in the world. Added by the fact that this two types of currency have their own unique usage, many people do have different preferences on which one suits for them to use or a great thing is that many people are encourage to have the combination usage of both to test their luck to gain more from two different sources of possible income. So, we must not always argue on which one is the best because both are essential and useful depending on the preference of the user. 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.
I have got a good point on that.
in my opinion, crypto / digital currency will replace the fiat currency one day.
It won't. Fiat is mostly used to buy crypto for those who want to invest when they starting, it is more faster way than using the other way. Fiat won't replace the digital currency because having a coin s on our pocket is easier to use when you are paying offline. It will take long and very new generation can experience all digital currency without fiat exist when government agree with it. in my opinion, crypto / digital currency will replace the fiat currency one day.
Well, yes, combining fiat currency with anything else, in this case cryptocurrency is far better than having fiat currency alone. I believe this is good because there might be a point where competition between the two types as payment would lead to further improvements in the crypto world or vice versa.
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.
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.
You're right! Crypto and fiat money is the best combination because it has different uses and purpose but in the end we need both of them. Crypto was created as online money while fiat is for offline money.
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.
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.
Indeed. You are totally right about that. Those Fiat money and crypto money has a unique reason that we need. Because of those two we are convenient in every transaction we made. Yes, these two currency is a great combination a classic and a modern currency. Fiat is a great to used in offline and some people did not know how to used computer so it is perfect for them to used while for those people that has a knowledge in crypto they can explore how to used cryptocurrency for better transactions.
Crypto and fiat money is a good combination in the future If that happen, everybody has a choice for every transactions. Its not hard for them wherever they are. Fiat and crypto has their own advantages and even disadvantages that can help to anyone.
I perfectly agree with you because in as much as there are several demerits with fiat, there are some merits we cannot overlook. It is simple to use fiat for offline/one on one payment than to use crypto. Each will complement one another to make life more convenient for us all
maybe it can all happen and no one can find out if fiat and crypto currencies can complement each other it will certainly be a combination that can make both of them mutually beneficial
I agree that this will happen in the near future. Both fiat money and crypto currencies have their own advantages and disadvantages, so their parallel use is more convenient and expedient.
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.
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.
When cryptocurrency boomed last year, the talk about crypto replacing fiat had been in hype. I agree with you that cryptocurrency will not replace fiat money totally. It may replace fiat at some financial transactions but only on few transactions. The reasons you stated are good points.
I have got a good point on that.
in my opinion, crypto / digital currency will replace the fiat currency one day.
in my opinion, crypto / digital currency will replace the fiat currency one day.
Cryptocurrrencies and Fiat currency are all two great entities which has saved the world. Looking at the two, combining them is really great in a moment where you want to buy or convert one to another.
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.
The available currency system that we use now in the form of physical currencies are the Fiat currencies and now they are the most successful and the most accepted method of accepting payment and moreover the central currency all around the world is dollar which is also in physical form, but these virtual currencies are now considered as the future of payment system because as soon as people are getting the potential of these, they find it more convenient and safer than available currency system and they are obviously the threat to these Fiat currencies but in my opinion the combination of both is the best. 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, it’s true. It’s combination is good and helpful to many people. Fiat will not replace bitcoin for now because many people are using it so it is better to take advantage on both currency. Because of the improving technologies many people are using bitcoin because it can make transaction easier. Both fiat and crypto has advantages and disadvantages. Fiat will be use offline but crypto is not. It is easier to transact money online for long distances and fiat is not.
A good combination complements each other's shortcomings. Fiat money has been used for hundreds of years, but still has weaknesses. One of them is because it is physically easy to lose or be stolen. Transfer fees are more expensive. Crypto money is more practical and safer, but users must use internet technology and adequate education.
Cryptocurrency, even when it is globally accepted, will be very slowly spread around the world. Therefore, those who decide to fully accept bitcoin as a means of payment can use Fiat where bitcoin can not be used. Prudent combination. Especially since we're already used to Fiat.
It's good that in the future we will have a choice - to use Fiat, bitcoin or all together. In addition, not everyone will be ready to switch to cryptocurrencies, and its use in combination with Fiat will be very convenient.
Jump to: