transition FIAT to DIGITAL? - page 3.

shintosai

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Quote from: Milo_Kidd on October 18, 2017, 09:52:00 PM

Future is nearly approaching. Fiat to digital money is possible. But I dont when it will be. The world is continuously progressing.

thats the world behind , its called progress i guess its possible but we still need to use fiat even we already got digital ways, as we cant always use digital
unlike fiat that we can use each time we in need fiat will still continue being use the most but always looking forward for more adoptions of digital.

roddy5

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Quote from: traderethereum on October 19, 2017, 04:10:34 AM

many of us wants to transition from fiat to digital but its not simple like that, government should prepare many things like internet connection which now is not available in every country or every city. each of government should realize that the transition need access to the internet and its really cost big budget and not every country have big financial. today, only big country which have big funds that will be ready to make transition but they won't make rush decision because it will affect to their economy too so they must have a good plan to implemented the new system.

Credit cards are also considered as digital form of currency but it is supported by your bank accounts or other fiat assets. If OP is pertaining digital as in the crypt currency it will be a long road for bitcoin to be on that phase, unlike credit cards bitcoin don't have any tangible assets that supports it, it is just the trusts of its users.

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Quote from: Jmmerquita on August 06, 2017, 01:15:28 AM

how will people adapt change from FIAT CURRENCY to DIGITAL CURRENCY like BITCOIN? Huh

They would be forced to adopt if a certain government would decide on such transition on digital currency but i do believe that this kind of transistion would really be somehow complicated and would really be long to adopt specially not all people who do believe on a certain country are tech geeks which can easily get the changes which we know there are elderly or those people who dont really even have ideas on these things.

traderethereum

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many of us wants to transition from fiat to digital but its not simple like that, government should prepare many things like internet connection which now is not available in every country or every city. each of government should realize that the transition need access to the internet and its really cost big budget and not every country have big financial. today, only big country which have big funds that will be ready to make transition but they won't make rush decision because it will affect to their economy too so they must have a good plan to implemented the new system.

yojodojo21

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Through Internet Connections The Transition of Fiat to Digital are faster to recognize.
Before No Internet, when Going To Bank you have to Chitchat with The Teller or the front desk Officer To arrange The Transaction.
But, Now, since Internet has Come up to People (Everyone) The Transition is Faster, DIGITAL can also be use for Buying Goods.
And This is The Foundation of our Future.

UCHCHILD

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The transition of Fiat to digital currency was long happening, so with bitcoin I guess we, globally not totally transitioned due to some government officialls that cannot really accept bitcoin at all. But surely in the future everything will be use via digital.currency but we cannot deny the fact that it will tale so long yime to happen and we cannot replace fiat at all due to its being fast to transact and was used for long long time

Milo_Kidd

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Future is nearly approaching. Fiat to digital money is possible. But I dont when it will be. The world is continuously progressing.

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It's the beauty way of the process , when people become more mobile and advance in this digital era , people seek something more efficient and cheaper. That's why more people interest on bitcoin recently by seeing the fact that bitcoin already reach $ 5500++

konco_kenthel

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perhaps by creating new technological tools to facilitate various types of transactions or place of payment and make its users become more comfortable in wearing them.

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Such a transition has been taking place all around. Very few countries have been focused into digital form of growth. Maybe in the upcoming days more and more digital transition might happen rather than just transition from paper money to a digital form but not to cryptocurrency.

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Quote from: Jmmerquita on August 06, 2017, 01:15:28 AM

how will people adapt change from FIAT CURRENCY to DIGITAL CURRENCY like BITCOIN? Huh

It could be more on adjustment at first but later on, is just an ordinary transaction may happen. Using digital currency is just simple and easy for us to make, the only thing that we need is a strong or stable internet connections to run this technology. If is not present, then their is nothing to happen.

resty

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Quote from: Pursuer on August 06, 2017, 03:51:05 AM

the transition from physical currency to digital currency has begun a long time ago. these days people rarely use cash. we are all using cards, our phones and all kinds of weird stuff to pay online/offline. and that was a long process and took years.

transition from fiat to bitcoin is another thing though. I don't think it will happen. people and government won't simply give up on their centralized country currency and use a decentralized global one. not for another 100 years maybe. but that doesn't mean bitcoin can be used as a currency alongside fiat though. I am only talking about replacing it.

Maybe I think if all country has 99.9% users of bitcoin and complete internet site obcourse. So, in that particular circumstances maybe all people has join and cooperate to use any digital currency not only for Bitcoin but all transactions would be use of digital currency without hazzle transition from FIAT money.

But long process I agree with that, but remember all country has a Baranggay level, all leaders of baranggay will teach people to use a new generation decentralized method which is BITCOIN.

AtlantaFive

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It's a long and hard process before people switch from fiat to digital currency. I think not of all people have a good knowledge in digital currency but it can be learn if people wants to use bitcoin or any other cryptocurrency as the new payment system replacing fiat. But first i think it's good if both are exisiting at the same time and people starting to learn what is good in using digital currency. Fiat is always here because it's has been used by many countries.

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Quote from: Jmmerquita on August 06, 2017, 01:15:28 AM

how will people adapt change from FIAT CURRENCY to DIGITAL CURRENCY like BITCOIN? Huh

It is totally difficult and its a long process. Fiat money are totally in the heart of indivuals, I don't think that replacing it with digital currency would happen because probably many people will opposed with this. Actually, we can used both of them and it depend on us which one we are preferred of. So there is nothing to push by replacing it because both of them have doing great and have value in the market.

Gozie51

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Ideas as to the content of this thread has been discussed I think so. Meanwhile, talking about transition of fiat to digital currency, I think is going to be a difficult task. Bitcoin has some draw backs like internet access and so, can't take over fiat @ least not now.

_Dawid_

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It is good question, part of them won't adapt, that's why we won't use crypto as a common medium of exchange soon. We could imagine that it would be hard for some poor countries and elderly to adopt. It is like a credit cards, nowadays a lot of people use it but not all. The same situtation is with crypto, not many use it but the number of users still increase.

salihno71

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Quote from: Jmmerquita on August 06, 2017, 01:15:28 AM

how will people adapt change from FIAT CURRENCY to DIGITAL CURRENCY like BITCOIN? Huh

I think cohabitation is a better term. I'm not sure that it will ever be fully digital - even now you have the cases where people are exchanging stuff for stuff. This will never go away.

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Quote from: Jmmerquita on August 06, 2017, 01:15:28 AM

how will people adapt change from FIAT CURRENCY to DIGITAL CURRENCY like BITCOIN? Huh

It must be at least 10 to 20 years before everything goes digital, but it can also come soon if government support bitcoin and other digital currencies.

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Quote from: Jmmerquita on August 06, 2017, 01:15:28 AM

how will people adapt change from FIAT CURRENCY to DIGITAL CURRENCY like BITCOIN? Huh

I think there are very few countries that now accept the switch from fiat to digital because of its inconvenience, it is difficult to pay compared to cash. Besides, you can almost convert in Japan and a few countries accept it. Conversion technology is not ready yet for us to spread around the world

astrid.uchiha24

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actually we have adopted to the system of digital currency long time ago, for example atms. they are considered as digital money since you can transact without using actualy money even it does not have value, on the other hand bitcoin, throughout the world it has not been accepted yet by all the countries but it is just a matter of time that all businesses will accept it.

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