Topic: In the future, will fiat currencies be necessary in the world? (Read 35816 times)
After the rise of digital transaction with the Fiat currency itself no physical notes are not that much useful for us. Even when the digital currencies reached all the corners means craze of Fiat money will be erased.
In the future, as now, the financial system will dominate. Fiat money is needed to provide it, otherwise it will not work. What kind of fiat money it will have, cash or fully digital, we will know soon. It is clearly visible that the world is moving from material money to digital.
As long as there are financial systems in the future, money will not be obsolete. I mean banks is a business, so I doubt people from behind or even governments will simply allow FIAT to be eaten alive by crypto or at least another form of cashless society.
In the future, as now, the financial system will dominate. Fiat money is needed to provide it, otherwise it will not work. What kind of fiat money it will have, cash or fully digital, we will know soon. It is clearly visible that the world is moving from material money to digital.
i think yes , just cant find anything that really can eliminte fiat , also fiat still have good "power "till rightnow and still necessary also in the future
I think fiat money will still last, because fiat money will always be needed by the community. because with fiat money, buying and selling transactions are also quite easy. although technology is increasingly sophisticated, people continue to use fiat money for transactions.
i think yes , just cant find anything that really can eliminte fiat , also fiat still have good "power "till rightnow and still necessary also in the future
In my opinion, this fiat currency is not fully needed by some countries in the future because every country still has its own currency that has been very trusted for the people of the country, so not all of them need fiat currency, and many countries still prohibit the circulation of fiat Such
A couple of decades ago, they also spoke about paper money when the credit card revolution began. Many countries tried to massively encourage the use of payments using bank cards, which made it possible to control the expenses and incomes of citizens. But until now, paper money remains at the heart of private purchases and sales. The same situation will be with cryptocurrency in relation to paper money.
FIAT currency is a currency that will always remain needed in the lives of all people in the world to conduct financial transactions throughout their lives, cryptocurrencies will not be able to replace the FIAT currency. adoption may occur, but believe the FIAT currency will always be needed.
The fact is that the future is a loose concept. It is necessary to immediately fight the time in question. The fact is that I can not imagine that my grandfather or grandmother use cryptocurrency in stores or on the Internet. For a certain category of people, paper money will still be in demand.
the effects of change are constructively very straightforward with economics, education and technology. If we talk within the next 15-30 years and now online transactions through smartphones have become active activities, then we will become those grandparents, and of course we can access crypto, the most important thing is to get used to the internet and crypto habits will appear afterwards. In this case, Fiat will enter the zero point of use even if it is not in the near future. 
With the advent of electronic cards, people are less and less paid with fiat money. As an entrepreneur in the field of trade, I know for sure. I think that the development of crypto is the future economy.
all possibilities and changes can occur and no one can predict future developments if the crypto currency in the future will be needed maybe fiat currency is just a symbol
As long as there will be people who are too young to use cryptocurrencies and at the same Time , people who are too old to use these things we cannot just eradicate the money and the Fiat.
Also you cannot expect tribes and farmers for switching to cryptos and online things all of a sudden.
It won't happen but it's usage might decrease eventually , like even right now the government offers discounts for people who does online transactions and such.
Also you cannot expect tribes and farmers for switching to cryptos and online things all of a sudden.
It won't happen but it's usage might decrease eventually , like even right now the government offers discounts for people who does online transactions and such.
The fact is that the future is a loose concept. It is necessary to immediately fight the time in question. The fact is that I can not imagine that my grandfather or grandmother use cryptocurrency in stores or on the Internet. For a certain category of people, paper money will still be in demand.
I think that our grandmother won't use Crypto as a transaction tool. surely the fiat money will still be used again. because the old people did not know the name of technology well. so implementing crypto for everyday transactions is indeed difficult.
The fact is that the future is a loose concept. It is necessary to immediately fight the time in question. The fact is that I can not imagine that my grandfather or grandmother use cryptocurrency in stores or on the Internet. For a certain category of people, paper money will still be in demand.
Fiat currencies will continue to exist. Not everyone are blockchain or crypto literate to force them to use it. Also there are some countries where internet connection is not that fast. If that would really be implemented, countries with slow internet should do something about that first.
Fiat currencies will not go away just like that, obviously, it will continue to exist since there is a lot of countries that disagree with the decentralization of crypto currencies or the idea of having a digital currency as their main currency. Another thing is that they will not be able to support that kind of currency especially the third world ones.
I know it's funny to say this but I'm certain that those who are rich and feeling rich are going to treat fiat as a 'currency of the poor'. There will be famous celebrities that are going to have the 'ew' or 'yuck' feeling in their posts, when they just saw a glimpse of it and that is when cryptocurrencies mass adoption is on full mode.
For me fiat is almost vanish from the world now, as there people use only digital currency the most as compare to fiat, in some place people use fiat but only under some specific circumstances otherwise as per need of day fiat and cash has lost their value and digital currency took important place in market.
Really? Then tell me which country are already "fully" developed by digital currency where they don't want to use flat anymore. You can't forget flat as your main payment source and do you ever think about those 60y.o people that probably they don't know about crypto and uses flat as their currency. Don't be ego. With the advent of electronic cards, people are less and less paid with fiat money. As an entrepreneur in the field of trade, I know for sure. I think that the development of crypto is the future economy.
I don't doubt about bitcoin's capacity to outgrow persistently bountiful in the future as it had developed promisingly. But I think using fiat currency will continue to explore in our daily necessities and for an urgent matter as it had been part of our daily lives.
what about fiat currency using blockchain technology? I think that they will turn into this. Governments and Central bancks could transform Fiat into global stablecoin backed by technology but centralizing it and controlling it. So like it is now, but safest.
With the advent of electronic cards, people are less and less paid with fiat money. As an entrepreneur in the field of trade, I know for sure. I think that the development of crypto is the future economy.
I don't doubt about bitcoin's capacity to outgrow persistently bountiful in the future as it had developed promisingly. But I think using fiat currency will continue to explore in our daily necessities and for an urgent matter as it had been part of our daily lives.
Fiat currencies will continue to exist. Not everyone are blockchain or crypto literate to force them to use it. Also there are some countries where internet connection is not that fast. If that would really be implemented, countries with slow internet should do something about that first.
Fiat currency usage will continue forever unlike the growth and advancement that is taking place around the world. We have been using fiat for a long time and further evolved the digital payments gateway with the usage of cards and other forms of wallet transfers. On account of the same people started using the new forms of service, but didn't quit the usage of fiat. This confirms the need of fiat currencies in the world.
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