Topic: CRYPTO AND FIAT MONEY BEST COMBINATION - page 9. (Read 2214 times)
yes. maybe that is a good point of view for both currencies that we know today. but would it be advantageous for the holders of crypto that he used as fiat, because I think crypto would be better used as an investment asset.
What's the point of keeping two different systems alive when cryptocurrencies are way more superior to fiat? As you stated, cryptocurrencies are much faster than sending a wire transfer and they are more secure. However, I disagree that using fiat is easier. For me, it would me much faster and easier to send and receive payments using my phone. I wouldn't have to waste time on counting the coins and bills and worrying if I have enough of them in my wallet. Fiat are going to die really soon. Almost every person has a smarrtphone which can be used for accepting crypto.
Some people still prefer traditional fiat or even a simple trade. If you travel on some 3rd world country. Where of course nature is at most preserved. You will see that bitcoin is not usable. And you might yourself in big trouble.
In some countries yes I believe that nobody can even shop without a credit card. But people are finding the most efficient and easiest way for them. So I think fiat will not be gone soon.
In the future, of course, the crypto currency and fiat will go together, and therefore different combinations of them will appear for sharing. Already, you can specify several such combinations. This is the implementation of the Tetcher platform analog of major currencies in digital form of tokens. Now there are such analogues of the dollar, euro, ruble. Their names are the same as these currencies, only with the addition of the letter "T" at the end. So the analogue of the dollar is denoted as USDT. These tokens differ in that they always correspond exactly to the rate of their counterpart, that is, one USDT always corresponds to one USD and so on. This is very convenient when exchanging crypto currency in fiat as an intermediate stage.
Also worthy of attention is the issue of the Singaporean company Tangem banknotes with a face value of 0.01 and 0.05 bitcoins. That is, the holders of bitcoins are this company, however the bitcoins can walk as a means of payment as ordinary fiat money. It's also quite convenient.
Also worthy of attention is the issue of the Singaporean company Tangem banknotes with a face value of 0.01 and 0.05 bitcoins. That is, the holders of bitcoins are this company, however the bitcoins can walk as a means of payment as ordinary fiat money. It's also quite convenient.
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, a good combination in which Bitcoin will be the investments and source to earn more fiat. Anywhere in the world as long as there is a local exchanges we can perfectly to use both Bitcoin and fiat. This combination is better than to use credit cards because it will be a future debt with future charges so better to use Bitcoin and convert it to fiat or directly to use Bitcoin as long as their is available Bitcoin establishments in the area.
What's the point of keeping two different systems alive when cryptocurrencies are way more superior to fiat? As you stated, cryptocurrencies are much faster than sending a wire transfer and they are more secure. However, I disagree that using fiat is easier. For me, it would me much faster and easier to send and receive payments using my phone. I wouldn't have to waste time on counting the coins and bills and worrying if I have enough of them in my wallet. Fiat are going to die really soon. Almost every person has a smarrtphone which can be used for accepting crypto.
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.
Its not comparable between fiat money and bitcoin or cryptocurrency. Fiat money as our transaction daily currency its easy to use because its accepted in many merchant. Bitcoin in otherhand sometimes called as an asset and its good investment too.
Indeed combination between fiat money and bitcoin is powerfull, we buying bitcoin for investment with fiat money and liquidate our bitcoin with fiat money to spend in daily needs
No, I think the future of technological advancement will increase and bitcoin will also grow more in terms of its use as a means of payment transactions.
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.
These two currencies do have their respective advantages and disadvantages so that these two currencies have inadvertently complemented each other in the world economy. The combination of these two currencies will make the world economy more powerful and comfortable.
While I agree that bitcoin will most likely never be able to truly replace fiat currencies, the reason isn't that it's incapable of. Bitcoin is perfectly capable of facilitating real life transactions, as well as online.
The government will want to retain control over the economy, whether that's for good or for bad, for as long as they are in power. And that means the usage of some sort of centrally issued fiat currency.
They could potentially even issue fiat based on crypto, like the Petro. It's hard to see a completely community based overhaul of the monetary system, although not impossible. But bitcoin will be an independent on its own, and even if it doesn't take over fiat per se, it is able to serve as an independent store of value, and a hedge against fiat depreciation imho.
The government will want to retain control over the economy, whether that's for good or for bad, for as long as they are in power. And that means the usage of some sort of centrally issued fiat currency.
They could potentially even issue fiat based on crypto, like the Petro. It's hard to see a completely community based overhaul of the monetary system, although not impossible. But bitcoin will be an independent on its own, and even if it doesn't take over fiat per se, it is able to serve as an independent store of value, and a hedge against fiat depreciation imho.
You are right with this,combination of Fiat money and cryptocurrency is good ways of transactiong. crypto currency will never replace the fiat money .it can not replace but it can be an alternative payment
I do not see crypto being used as much as fiat any time soon especially in developing countries. There are people there who could not operate even smartphones. They cannot use internet banking so buying and selling crypto is not a thing for them. Also, sellers will not be able to use it for receiving payments at such places.
Everything will grow in time. Maybe if viewed from the moment then the facilities needed will not be able to support. But believe that every moment we will experience a progress. The development of Crypto has been very good and if combined with FIAT then it will make a strong payment media. developed countries and poor countries have equal opportunities and everyone makes the best use of crypto. I do not see crypto being used as much as fiat any time soon especially in developing countries. There are people there who could not operate even smartphones. They cannot use internet banking so buying and selling crypto is not a thing for them. Also, sellers will not be able to use it for receiving payments at such places.
I believe if both are combined they can complement each others efforts and we can have a great financial system because where fiat money falls short cryptocurrencies can cover up and vice versa rather than trying to outdo each other.
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.
I agree there is no need to say fiat money will disappear. There are certain advantages fiat money can still offer, while clearly cryptocurrencies are the future of money
Yes, it can be good combination. But crypto has long path to this way. Crypto is not legal tender in some countries.
I do not see crypto being used as much as fiat any time soon especially in developing countries. There are people there who could not operate even smartphones. They cannot use internet banking so buying and selling crypto is not a thing for them. Also, sellers will not be able to use it for receiving payments at such places.
The form of money evolves, there was a time when people use barter trade instead of paying in the form of money, then after some time coins replaced the barter system and as time passed those coins became heavy for those who gained more and so they introduced paper money but still coins are still used and up until now paper money and coins are still used even though new payment methods were introduced like payment through credit card, debit card and now the cryptocurrency. Even now there are still those who prefer to use paper money and coins instead of credit card or debit card, what more if it is cryptocurrency? So it really is hard to replace fiat currency because people got used to it thus making cryptocurrency just an option of payment and not a currency itself but if just everybody would accept cryptocurrency as a currency then it may replace the fiat money that we are using right now.
Yes, I believe that fiat and cryptocurrency is actually a prefered combination because it is not all the time our mode of payments were using digital currency but we still have an offline payment. Therefore, I believe that fiat will remain as is since there is still of greater use for now and crypto's are just beginning to be accepted by the people.
I agree that crypto currency and fiat money should exist together to simplify our lives. This is very important in the economic sphere.
I will complete about the advantages and disadvantages of each fiat money and crypto money. Crypto money is more decentralized, free of charge transfer and storage, privacy is guaranteed, free in transactions, no risk of billing, durable, and portable. Crypto money is often used as a fraudulent transaction. For easy use, right now, I'm easier to use fiat money because not all countries and stores accept payments with crypto money. Fiat money is also more stable than crypto money.
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.
I think the same too, i think it is better that we use the same means fiat money and crytocurrency. This is to answer for nthe convenience it can give to fiat user and crypto. This is way better so that we can have a choice especially if the network is down we can use fiat money and where fiat money is more expensive we can go to cryptocurrency. Jump to: