CRYPTO AND FIAT MONEY BEST COMBINATION - page 8.

KeijiN

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Quote from: Hagmonar on April 22, 2018, 11:29:02 AM

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.

Personally, the best combination for me is 50/50. Then you can earn money, but not lose it under certain circumstances. But it all depends on the time of course. It should be taken into account in the calculations.

Starving_Marvin

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Open and Transparent Science Powered By Blockchain

Quote from: Dudeperfect on May 17, 2018, 12:07:14 PM

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.

For me personally, crypto and Fiat money will be alive in the future. They will be connected to each other. The best way is to use both of them.

sieemma

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Crypto and fiat are two separate currencies and there will be no way one will be replaced with the other. The use of both together is very crucial in our lives today as noted by the OP. In our day to day livings, we need ready cash to make purchases and we also need crypto on the internet to make payment. I am aware that crypto can be used to pay in shops but fiat will be more easy for now.

Phil315

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This is absolutely correct. Both have their advantages as well as disadvantages. I support both of them being in use concurrently. None should replace the other.

renz0

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Yes, I totally agree with you mate. We need not replace fiat money our regular currency with a digital money like bitcoin just to satisfy its purpose of being a currency. It is good to have a digital and fiat money since both have different purpose somehow because not all areas can use bitcoin for purchases of goods due to the unavailability of electricity and internet connection. So fiat money on those areas works best while people in urban areas can use both; bitcoin and fiat money whichever they think more comfortable for them to use.

thetruth123123

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I`m thinking that cryptocurrency needs to become an alternative payment methood first. If people will trust crypto in terms of payments I think it will be easier to trust it in terms of replacing the existing economy.

Epimetheus

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Quote from: Meysa_richa on April 23, 2018, 07:08:44 AM

I agree with you, because we are equally in need, we need fiat money because we know that not everyone in the world can access the Internet or use the Internet.

Yes the combination of fiat and crypto is the best combination in this time because our society not fully advance and not every people are believe in cryptocurrency use. Cryptocurrency provide a lot of advantages then that of fiat currency but it has some disadvantage too. Cryptocurrency are fully digital nature because of this they are not able to use in those places where Internet and electricity are present. Cryptocurrency are highly volatile then that of fiat.

BartS

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Quote from: Hagmonar on April 22, 2018, 11:29:02 AM

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.

Fiat and cryptocurrencies are going to exist together for a long time, but I think that as time passes more people will recognize the usefulness of cryptocurrencies and this will increase the amount of users, this is going to be great the only reason I do not use crypto that much is because there is not a single place in my country that is near me that accepts bitcoin but as soon as that begins to change I hope to replace fiat completely and to use only bitcoin for my transactions.

MUSFIKAR

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Yes my opinion today, kriptocurrancy currency is a system where there are coin coins that can be converted into paper money is the establishment of a legitimate payment instrument in a country due to the presence of digital currency. The combination of Fiat money and cryptocurrency is a good way of trading. cryptocurrancy currency will never replace fiat money. It can not replace but can be an alternative payment.

Catch-22

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That’s what l’m talking about! Cryptocurrency and fiat money coexisting for the good of everyone. Not like some topics here wishing for the extinction of the other. Kiss

kingofworld92

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The combination of Fiat money and electronic money is a good way to trade and pay. Perhaps after a decade of currency crypto will become the fiat striker as the primary way of all transactions and payments on all wolrds. One has to agree with the idea that electronic money and fiat money will be a powerful combination in the future. In addition, at this stage, the key will be the legal regulation of the electronic money market.

Aleth

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Quote from: Hanazawa on April 23, 2018, 01:13:38 AM

You have a big point for this! The combination of Fiat money and cryptocurrency is good ways of transaction and payment. At this year we could not say that crypto currency will never replace the fiat money because crypto is newly for this generation. Maybe after a decades crypto currency will become ahead to the fiat money as primary way of all transactions and payment all over the wolrd.

We are now going to the advancement of technologies and global modernization, we considered now as a starting point of revolutionary changies so we must follow what are the natural phenomenon that happen in this world.

I agree that at this point in time fiat and cryptocurrency are good combination but due to our technology in a fast changing world, later on we might be using only one and that is cryptocurrency something we can look forward in the future. Just like computers and cellular phone and internet, something that many of us are not using before that runs now on the system of our daily life. Later on cryptocurrency will be something useful for everybody. Indeed like a natural phenomenon happening in our midst.

fernandoaleixo

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Community Manager at Bitsurf.eu

Yes, I believe cryptocurrency will never surpass or takes fiat place because standard money is an ancient association within the culture of all countries at some point and crypto is not flawless and can't cover all sorts of operations, also is dependable of networks etc. Money has all the banking structure to back them up and crypto will be very hard to adapt, at best it will be one of the payment options.

javadsalehi

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Quote from: RAAAMA on July 12, 2018, 01:01:57 PM

I also love this idea. Cryptocurrency and fiat currency will be a best couple. They can be the best combination to serve the people. With the current digital age, crytocurrency can definitely help many people who has access. But for those without internet access, definitely, fiat is the only answer. There are people with different kind of preferences. Some like cold cash and some wants easy and efficient way of dealing, then crypto could answer that. Therefore its a powerful combination.

I agree with this. Both fiat and cryptocurrency can exist in the same time and there is no problem. Every one can use any of them which is more comfortable.

RAAAMA

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I also love this idea. Cryptocurrency and fiat currency will be a best couple. They can be the best combination to serve the people. With the current digital age, crytocurrency can definitely help many people who has access. But for those without internet access, definitely, fiat is the only answer. There are people with different kind of preferences. Some like cold cash and some wants easy and efficient way of dealing, then crypto could answer that. Therefore its a powerful combination.

Shenzou

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Well we could not replace or get ride of the fiat currency even if we had a choice, cryptocurrency as said is not relevant for offline payments and for micro transactions, i mean do you rather pay 10$ worth of bitcoin or 10$ worth of fiat, of course the fiat because you know the bitcoin is going to go up and that 10$ that you spent may become 100$ in the future, so unless the cryptocurrency becomes stable in terms of price than people will not chose to use it for every day payments they would chose fiat.

Doterti

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Quote from: bitbunnny on July 12, 2018, 11:19:11 AM

Cryptocurrencies don't have such infrastructure and legal and economic basis to be used exclusively without fiat. It's not fully accepted, it's decentralized and mostly without regulation.
Those are among main reasons that we all stil depend on fiat money and cryptocurrencies are mainly an additional income.
So it's the best to combine both and use the advantages of crypto and fiat according to the opportunities. The ratio between cryptocurrencies and fiat will change with time but still I don't think that cryptocurrencies will prevale and become mainstream so combination will be necessary.

It will be the best of among all the best ideas because it has a big opportunities to the world and community to bring a better world abd economy as the years goes by ,the fiat and cryptocurrency which consider the key to have a good economy and better future in life, this ideas has many advantages such as government, legality, institutions, market and many more.

bitbunnny

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WOLF.BET - Provably Fair Crypto Casino

Cryptocurrencies don't have such infrastructure and legal and economic basis to be used exclusively without fiat. It's not fully accepted, it's decentralized and mostly without regulation.
Those are among main reasons that we all stil depend on fiat money and cryptocurrencies are mainly an additional income.
So it's the best to combine both and use the advantages of crypto and fiat according to the opportunities. The ratio between cryptocurrencies and fiat will change with time but still I don't think that cryptocurrencies will prevale and become mainstream so combination will be necessary.

forevergala

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I belive that 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.
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.

Nekroser

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And already in the present. Gradually increases the range of services that can be paid by crypto-currencies and it will expand. And the combination is really powerful.

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