Topic: VIRTUAL CURRENCIES RATHER THAN FIAT, IS IT POSSIBLE? (Read 1677 times)

thats why BITCOIN and BLOCKCHAIN was made by satoshi to be decentralized and have transparent peeer to peer transaction to everyone. if all factories, establishments, stores ETC. will allow to use crypto fiat will just simply fade away. and no one will used it anymore. but still it's a long way to go, hopefully im still living in this planet and witness what Satoshi invention can do in the future.

“Why might citizens hold virtual currencies rather than physical dollars, euros, or sterling? Because it may one day be easier and safer than obtaining paper bills, especially in remote regions... The best response by central bankers is to continue running effective monetary policy, while being open to fresh ideas and new demands, as economies evolve.” - Christine Lagarde, the Managing Director of the International Monetary Fund (IMF)

Dollars, euro, rupiah, rupee, and other fiats are what we know as money. As technology gets mature, we find more efficient to use our money, which is e-money. In our daily life, we are starting to use e-money. When we go to office, we use Uber or Grab, and pay with Uberpay or Grabpay. When we commute, we use our cards. Slowly but sure, we are touching less and less paper money.

Now, here comes blockchain. A very newly-born technology that has acquired most attention about how to democratize our financial system. Well, most likely because Bitcoin keeps rising annually.  Blockchain is seen as a way to get capital from Initial Coin Offering (ICO). In a nutshell, ICO is today's IPO. It's way more simple and fast, and surprisingly it works beyond our expectation.

Like trade.io, one of successful ICO in 2017, which acquired more than 31 million dollars. Aiming to bridge the traditional financial system into modern technology, blockchain. Also, it provides ICO services to any company who intends to get capital. Trade.io just launched their unique exchange, which is customizable. This exchange will later trade commodities, forex and more. What more interesting is, all the profits generated from the exchange and their services, will be given back 50% to community owing Tradetoken (TIO). Further details: https://s.id/2cL8B

What virtual currency offers is something that can not be done by fiat: Democratize the Asset. We can be part of blockchain as the core of blockchain is their tokens, which we can own. With more and more companies come into blockchain, we are waiting for the best future of cryptocurrency.

anyway there will be people, who prefer only fiat, despite all cryptocurrencies` advantages

Well I think maybe people of using fiat money will be decrease gradually but it will exist always.

thats why BITCOIN and BLOCKCHAIN was made by satoshi to be decentralized and have transparent peeer to peer transaction to everyone. if all factories, establishments, stores ETC. will allow to use crypto fiat will just simply fade away. and no one will used it anymore. but still it's a long way to go, hopefully im still living in this planet and witness what Satoshi invention can do in the future.

It is almost impossible to totally demolish fiat currency which has become a necessity of people but digital currencies like BTC and ALTcoins have already proved to be easier to use because of it's added security, simple transaction method and lesser fees which has contributed to its increased popularity. In future we might see digital currency payment option alongside fiat money in all the stores and shops.