Topic: Is cryptocurrency ever going to replace Fiat? - page 4. (Read 955 times)
There is a lot of advantages of crypto over fiat money. Fast, safe and cheap transactions will replace nowadays money. Yes, of course, it needs a lot of time to world cryptonization.
In my opinion, crypto with great features could become the future of the financial industry. But now, crypto can not replace cash because the government can not manage and operate Crypto. In the future, with the advances of Crypto and the governments, I hope it will become a reality.
never, crypto is a new currency in digital form. indeed in terms of transactions, cryptobisa is said to be superior to fiat, but in terms of form, crypto cannot replace fiat. because digital certainly cannot replace the official currency of a country for all transactions.
For sure and it is already taking place in several countries. But we need more products, that can actually replace fiat payments. When we will have such products, we can begin with the mass adoption and than payment system replacement.
Maybe if our life is full of digital technologies and fiat is transformed into digital, we can use crypto as the next payment system. I think in the future, this could happen since the technology will grow fast and maybe it's like in the future movie which people using the technology to help their life. But still, we don't know what will happen later.
Cryptocurrency is not going to replace Fiat but it will be used parallel.
It seems that this will happen in the future because the acceptance of fiat currency can always be accepted more widely by various groups of society without exception, he cannot be rivaled by other exchange media, I think this's undeniable.
To date, the cryptocurrency cannot be called promising as a replacement for fiat. It will take several decades, perhaps more, to implement this for mass implementation. While cryptocurrencies are expensive and not as fast as visa and MasterCard. Well, cryptocurrencies are harder to control , for governments it's unacceptable. They won't be able to prohibit, block transaction, deprive.
Cryptocurrency is not going to replace Fiat but it will be used parallel. It will take for being mainstream.
Even global internet usage is 55% of world population having access to it, so there is long road to go for crypto.
Even global internet usage is 55% of world population having access to it, so there is long road to go for crypto.
NO!, cryptocurrency can never replace fiat as they are different entity which can co-exist to form a better economy for the world. With the advent of Blockchain technology cryptocurrency has display transparency over fiat but cannot replace fiat.
I think that cryptocurrencies may well replace Fiat money, but the problem is that it will take a lot of time.
I think Fiat currencies will remain in the future, but they will be in smaller quantities. I doubt that state is so deign the cryptocurrency that dare to move away from state currencies. Fiat currencies, unlike cryptocurrencies, are 100% controlled by them.
I don't think so, No matter how you might look at it, everybody will not use cryptos so fiat will always be on top, though a time will come when international transaction and transfers will be replace by cryptos because of the ease of use, but when it comes to local use, fiat will always be preferred among people so cryptos won't replace fiat.
It is very good that people are now beginning to understand this, because very soon fiat money will simply disappear and, as you understand, today cryptocurrency simply will not disappear in any way, it is a fact that today does not jump
Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.
the problem is, does the country not prevent that from happening? however we all need fiat money and especially about its legality. I believe crypto will become a mass transaction in the future but only on bitcoin and not for altcoins.
Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.
All changes in the human mentality need time. Increasing the awareness of people regarding the use of cryptocurrencies as a payment method will certainly have a positive impact on their greater popularity. However, decentralization may be the reason why financial institutions controlling the flow of money may be a resistance to the development of cryptocurrency payments.
Even the slowest cryptos do still have advantages over fiat in some instances. They might not be great for instant transactions, but even BTC in its current form is miles better than transferring money between banks.
Even though the use of crypto is expanding but I am sure that it is difficult to replace fiat, of course the government will do everything to maintain fiat because it is a symbol of the state.
Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.
I haven't thought of a world where everything is virtual, so it's not going to happen, let me give you an example it's unimaginable you are on a far away place where there is no electricity and you have to pay for water, so what you are going to use, of course, fiat it's easy and common sense.
I think it is going to be possible in the nearest future. There are coins, thats transaction speed is 10 times higher than by VISA or MasterCard, so I would use any Credit card that will allow me to pay in the same way, as by using a regular bank card.
Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.
I think this will never happen because Fiat is used by so many large countries and it has a huge impact on the economy of the country. Maybe Crypto will be applied in a certain field but will never be able to become Fiat Jump to: