How about the fiat we spend using credit cards and the ones we send using bank apps and through the web which are all digital transfers? This has been common many years ago.
Or you meant the CBDCs which are still new and more countries are planning to create their own. CBDBs are fiat and nothing more than being fiat.
Fiat and bitcoin are completely different, bitcoin is just an alternative and people adopted it more which makes its price to be increasing and now seen as a means of investment.
Crypto exchanges depend on cryptocurrencies, but bitcoin does not depend on exchanges. You do not have to use any exchange before purchasing bitcoin.
Topic: What will happen to crypto exchanges in the future? - page 6. (Read 888 times)
However, when digital money is globally accepted, would there still be a need for cryptocurrency exchanges?
Digital money is not a competition to Bitcoin which serves as an alternative asset and an investment.Digital money is already wide spread around the globe at this time with lots of people using it, and those who don't, do not use Bitcoin either, so it's safe to say both have the same consumer base at this time.
I do not see the connection between spread of digital money and need for crypto exchanges. Bitcoin would thrive regardless and would need a platform for exchange.
Bitcoin is becoming more and more popular and applicable everyday and there are plenty of companies and businesses accepting it as a common type of payment. However, when digital money is globally accepted, would there still be a need for cryptocurrency exchanges? Any thoughts on this?
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