Topic: Crypto VS national currency - page 22. (Read 3033 times)
It depends how the economy will evolve in the future. Now a days there is a lot of technology that can be used to pay the things you want to buy. Example, Credit cards, it has a money or amount, and it is a kind of digital form of paying the things you buy. So there is a possible that the national currency can be replaced by the crypto currency. But for some reason there will be a lot of discussion on replacing into it.
Crytocurrency will not replace the national currency. But cryptocurrency will be allowed to be used as a medium of exchange in exchange for goods and services given the fact that the said cryptocurrency is backed up by the national currency.Maybe in the far future people would seem to use digital currency like cryptocurrency regularly in making transaction rather than fiat money. The world is on the path where technology improves our lives better each day
It is possible that the cryptocurrency will replace the national currency. But that's a complicated process. Crypto currency is more practical. We will donate to the social foundation using cryptocurrency. But sometime it can happen.
Well, I'd say people do use cash a little bit, but mostly they're probably using credit or debit cards because it's much easier than carrier around a lot of change and coins from using cash. In order for crypto currency to fully replace debit and credit cards, it will need to be an as accessible user interface as debit or credit cards. Scanning QR codes is ok, but it's nowhere near the level of cards.
well i think Crypto currency can not replace national money for a number of reasons. National money is a reflection of the country's economy and is provided with its gold and foreign exchange reserves and aggregate gross domestic income. The Crypto currency does not have any binding to a particular state at all and until now there are still many people who do not understand about technology and internet. while the currency crypto its use must use technology and internet. and many countries whose governments prohibit the existence of cryptocurrency in the country.
I found this expression on the news channel about the crypto currency: "Anyone who will try to buy coffee for cash in 2023, runs the risk of causing laughter from the seller, that he does not use crypto currency."
how do you think, is it realistic? Can a crypto currency replace national money?
I think that it's possible, but it will take more time.
how do you think, is it realistic? Can a crypto currency replace national money?
I think that it's possible, but it will take more time.
It seems impossible for crypto to replace national money in a country. Because I think national money is a symbol of a country and it certainly is different. So bitcoin can not be the national currency of a country.
I found this expression on the news channel about the crypto currency: "Anyone who will try to buy coffee for cash in 2023, runs the risk of causing laughter from the seller, that he does not use crypto currency."
how do you think, is it realistic? Can a crypto currency replace national money?
I think that it's possible, but it will take more time.
how do you think, is it realistic? Can a crypto currency replace national money?
I think that it's possible, but it will take more time.
Yes, It is possible. Maybe In the future when the crypto currency dominate, It will happen. Crypto will replace national money.
Some of them, I could definitely see it. Too many people out there live in countries with corrupt governments that could drive their money right into the ground.
I do not think that even in those countries bitcoin will replace the national currency that is not going to happen but I really think that it has the chance of becoming a parallel currency, the government will try to ban it but when they realize it is impossible they will leave bitcoin alone and the citizens that want to use bitcoin will be able to do it freely without interference. I found this expression on the news channel about the crypto currency: "Anyone who will try to buy coffee for cash in 2023, runs the risk of causing laughter from the seller, that he does not use crypto currency."
how do you think, is it realistic? Can a crypto currency replace national money?
I think that it's possible, but it will take more time.
I sometimes think of the same thing, because many altcoins are trying to realize crypto payments via ecommerce and some stores, just like the one in europe has created a blockchain program that has worked with master cards, Ebay, Amazone and many other ecomerce platforms. it will be good news for the future of crypto how do you think, is it realistic? Can a crypto currency replace national money?
I think that it's possible, but it will take more time.
Crypto can make that but there is no replace of national money as it has definite value.so people will use both of them. Eg.Crypto for discount at specific shop or e-commerce site.and money where they don't have crypto with them.
There is no way a country can give up on its national currency and make bitcoin theirs. Rather they will both work and be used in the country. remeber not everyone is internet savvy, besides there is a role a national currency plays Role of identity so saying that crypto will kill a national currency will be very hard to come to pass.
Crypto currency will not replace national currency, but it will emerge an new international currency . The use of crypto will increase in coming days and can be easily used throughout the world.
I found this expression on the news channel about the crypto currency: "Anyone who will try to buy coffee for cash in 2023, runs the risk of causing laughter from the seller, that he does not use crypto currency."
how do you think, is it realistic? Can a crypto currency replace national money?
I think that it's possible, but it will take more time.
how do you think, is it realistic? Can a crypto currency replace national money?
I think that it's possible, but it will take more time.
I don't think its possible that cryptocurrency will secure it ways to be more important than FIAT money.
Many of the people using crypto is using it because of its market value so they can double their money or profit from it
not to replace FIAT. It's really convenient to use crypto because you can send it all over the world without thinking about the
borders and the identification needed all you gonna do is send money then pay the transaction fee wolla its done!
My opinion is that the Cryptocurrency will be popular tomorrow and in 10 years. The only question is how it will be regulated. States will come up with laws and people will follow them.
Cryptocurrency is decentralized and is bot controled with tge government. While the national cureency is controlled with the sentral bank which they have the authority to investigate how your mo ey works. Bitcoin is going to be very safe and fast transactions.
Both currency plays an important role in our economy but in terns of investing i prefer to use crypto currency because of its amazing profit returns.
Cryptocurrency is decentralized and is bot controled with tge government. While the national cureency is controlled with the sentral bank which they have the authority to investigate how your mo ey works. Bitcoin is going to be very safe and fast transactions.
ational currency better, but holding the currency will not bring good profit
Cryptocurrency is a decentralized system and is not controlled by any other authorities .The transactions of Bitcoin is carried directly without a third party interference and with anonymity . The transactions are recorded by blockchain technology by an electronic ledger . The fiat currency is controlled by the Reserve Bank or monitory authorities of the country. Bitcoin is a new form of economy and its concepts are just contrary to the current economy so more people are attracted towards it.
Bitcoin cannot replace the national legal currency, but it can be used with the legal currency. Of course, electronic money is an inevitable trend in the future. The lack of banknotes is for people to live more conveniently. But in the end it is achieved by Bitcoin. It's hard to say that there may be a better cryptocurrency.
I found this expression on the news channel about the crypto currency: "Anyone who will try to buy coffee for cash in 2023, runs the risk of causing laughter from the seller, that he does not use crypto currency."
how do you think, is it realistic? Can a crypto currency replace national money?
I think that it's possible, but it will take more time.
how do you think, is it realistic? Can a crypto currency replace national money?
I think that it's possible, but it will take more time.
Hi there stryker! I just laugh at that opinion. It is just a man from a stone age just step into Starbucks and bought a coffee in exchange for stones. What comes before dollar? It is gold, and what if someone will bought a coffee in exchange for a gold? Will you laugh at it or be amazed because the rarity and price a gold could be twice or ten times more than the coffee. In five years time, I think that is still not possible. Maybe we need more than that, like twenty years or so.
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