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In future, can cryptocurrency replace fiat money? This seems to be most interesting phenomenon to discuss today.

https://blog.amon.tech/can-cryptocurrency-replace-fiat-money/

I don't think that cryptocurrency will replace fiat currency in future. Cause we can't think our daily life without fiat money.

I've seen a lot of people not using paper money anymore. Instead they use mobile phones, credit cards, coupons, etc... you name it. But if it can replace FIAT as such... meaning also digital money in banks, payment processors (PayPal), I don't think so. Most likely paper money (banknotes) will be replaced rather soon.

yeah you are right,,
and if this crypto will replace fiat currency, its need a long time to go there,,
because in nowadays there is a lot people don't know about cryptocurrencies
and the most important thing is most of government reject this crypto now, but who know in the future, right ?

The cryptocurrency will replace fiat money it is only a matter of time. It is necessary to wait 5 years and everything will be.

Right now we can't think about it but we're going to the golden age where transactions will be digitalized. It's either crypto's are going to be innovated by an agency of a government that can be in favor of them or they will just use the technology (blockchain) together with digitalized fiat money.

5 years? I don't think that's enough for the world to start using crypto's as main payment method for everything. They can adopt the idea of crypto's but they won't fully rely to it.

This has been discussed in so many times in the various conferences but the bankers have issued a statement if crypto has no chance to replace fiat due to the volatility and lack of regulation. The volatility becomes the main problem in this day, the scalability has been already fixed.

I believe that money will always exist and cryptocurrency will not be able to replace them

I think can. The cryptocurrency is just the same money but with the smaller commission. It is more convenient and safer to translate them.

I don't think so that crypto will replace the fiat. We must be aware that this society in the worldwide is very wide. There are many different countries with different culture and society situation. For the developed countries, it may be. But for the developing country or left country, I don't think that all societies can accept the crypto. But there may be many countries that can apply crypto as one of the payment method. But not replacing fiat.

In my view, It is unlikely to happen mate. I believe that Fiat will be never replaced forever. People need it for the payment instrument, It has proven for all the time. I don't think crypto will be better to use as the payment instrument in real life.   

As o now it can't possibly to a fiat money to cryptocurrency because of so many issues encountered by crypto world. There's a lot of hindrances that block the diversity of virtual world over current economic growth. That's why we can absolutely predict when cryptocurrency take over the fiat money or currency.

I think that it is technically possible that Cryptocurrency replace the fiat money. But i also think it will never happen.

Cryptocurrencies can and will replace fiat, but it won't happen soon. I don't think that current generation of cryptocurrencies can do that, but in the future... Technology still need some improvements and we need more secure systems.

Yes but then i think there will be alot of stable coins to be used and blockchain technology is going to be popular in our generation. Cryptocurrency can provide our needs to earn profitable money. By then when all people jump into our space ''maybe'' That's a right time to decide.

I don't think that would happen, cryptos is good when you are making across the border transfer, fiat money will exitst and continues to exist

Replacing fiat? In what case? Although the crypto offers very interesting concept and advanced technology, I thin that it is impossible for crypto to take over the fiat. there are many reasons why:
1. Different country has different level of society, many countries are still developing and not developed.
2. So difficult to use crypto in daily payment method.
3. Crypto is used only for some big companies in the world or even fro investment.

I think that they can replace crypto by large, but that application is still too far, so for the moment it is great that at least you can use it to buy and to trade.

i don't think cryptocurrency will replace fiat, crypto is only alternative to make faster transaction online

In my opinion, I do not think cryptocurrency may replace fiat money in the current situation and in the next 10 years or more. Reason could be that, fiat money represents as a monetary currency of a country with it's corresponding value wherein anywhere in the world you can have it change depending on the currency you wish to exchange. Fiat currency is accepted globally while cryptocurrency for now has just started to evolve globally where for some countries it is not yet recognized clearly due to government ban of cryptocurrency. However, there is a great chance that cryptocurrency will be more adopted by many countries but fiat currency will still be existing.

I find people use credit cards, pay through PayPal, pay by phone ... Paper money has the consequences such as high fees, lost time ... Currently, electronic money can not It can replace paper money because of its low popularity in all countries around the world. But in the not-too-distant future, when governments around the world accept electronic money, paper money will be replaced.

Its not we wanting for the replacement of fiat money into digital currency. Yes, cryptocurrency makes us more productive as it less consuming time in doing transactions but we can still deny that not all establishment have accepting these. And also, some areas don't have internet which is could only run for these.

It can be replaced, but it will take a long time for that to happen. The Fiat money is still very popular and with the development trend of the time, in the future we will use credit cards and crypto to make us more convenient and simpler

actually this topic has been frequently and widely discussed on the bitcointalk forum, if you want to look more diligently you will find it. but its okay, I will give my opinion here. in my opinion cryptocurrency will not be as easy as replacing fiat, if speaking of context globally it will be very difficult to force millions of people to accept crypto in the near future, and I don't think that is really needed right now. crypto still needs more development, giving trust to the community to be accepted. compared to replacing fiat, I agree that both of them are able to collaborate for more future finance.

I believe that the use of cryptocurrency is a very convenient way of making payment transaction online as this is very efficient and fast. However, in relation to the subject which I think fiat currency cannot be replace by cryptcurrency this time since mass adaptation globally has not yet really evolved yet further. This needs more time to consider as cryptocurrency has still a long way to full fill such goal despite of the great advantages it can offer.

The limiting factor to increasing the accessibility and usability of cryptocurrency is no doubt; the ease of conversion with the cash denominated fiats. Once this is achieved, crypto will become widely accessible and usable with the predominant prepaid cards making rounds these days in the cyptosphere.

I see it to complement the fiat money; and not really replace.
I believe the community will be glad if the complement is better enhanced because; it will improve blockchain and cryptocurrency related activities and values.

Thank you!

I have found a lot of topics that discuss this, and my answer remains the same, I'm not sure if the crypto currency can replace the FIAT currency, for whatever reason.

yes it will, as of today it is slowly replacing the fiat money into cryptocurrency by way of transactions in payments and as a currency.

Cryptocurrency and fiat money both are very important. Cryptocurrency make easy to transaction all over the world within a second. Other hand fiat money is traditional money being the start of human civilization and they complete their daily task.It is very difficult to say what happen in future.

I don't think this will happen if the cryptocurrency can replace the fiat currency, they have their respective roles, crypto is still crypto, fiat money remains with the same function

That will never happen regardless of our widely accepted cryptocurrency becomes, It can never subdue the need for fiat currency. There will always be relevant need for fiat currency, mostly especially due to the fact a lot government will never accept cryptocurrency as an official means of exchange within its country.

Encrypted currency cannot replace legal tender
the reason:
The cryptocurrency price is changing every second! People can't buy goods and food that change every second!
The cryptocurrency conversion process is cumbersome. We all know that all current cryptocurrency conversions need to be purchased over the Internet! Many children and children cannot complete these steps!

Well not really sure about it but yes it can happen. With coins like Paragon, Cardano and Stellar, I believe that people will go towards them because of their sheer profitability and excellent projects.

I’m not sure crypto currency can replace fiat so easily or ever do so
Because fiat is generally acceptable and can be spent easily

Bitcoin needs to attain that fact and also convince the world of its popularity too

As soon as I learned about cryptocurrency, I immediately realized that it could replace our money. Perhaps this will not happen soon, but I am sure that this will happen in the future.

I don't think that it can do any cryptocurrency now. But the government can make their own crypto and it can replace fiat money. But it would be in the long future.

Currencies that do compete with each other in currency market now are fiats and crypto currencies. 2017's growth has drawn in en-number investors into crypto and this supported more growth.

Currrent generation is keenly looking into crypto's moment and will soon adapt crypto currencies which will cause fiats' circulation and fiats value will remain flat in its growth. This is the reason governments are not ready to accept bitcoin or any other crypto currencies.

There is still no really an ecosystem with cryptocurrency, we are in a young period. Without it will never replace fiat. If there are no demands there are no offers, we need to push both sides, to create this ecosystem by providing solutions

Sorry I have to disagree. Fiat system has been with us for how many years? And you think it can be just replaced in 5 years? Seriously, seriously, doubt it. In fact, I doubt that it can be replaced at all. There's no way that banking system will allow this, admit it or not.

There is no tendency of this happening anymore. If it was as things were last December when the cryptocurrency market was surging very high, I would have said maybe there is a possibility. But right now, it may never be possible for crypto to replace fiat.

There's a good possibility of crypto to replace fiat. Of course, crypto still needs many inprovements. But I guess this is the first step to the future payment system. That would be great.

No, this is too complicated a process first. Secondly, at the moment it is absolutely unnecessary. If this ever happens, it is precisely in the future that we will not live to see.

I'm sure that it not happen in the closest time. Many people don't use smartphones yet. But for crypto we need internet at least. And in this conditions cryptocurrency have less chances to replace fiat

In the future that is the intention, but for cryptos to replace fiat, everyone has to have access to the net, which can get a little complicated in very remote parts, but that is possible, it is possible, and that should be one of the main goals of mass adoption, gradually replacing the obsolete traditional financial system.

It is quite possible that in the future Fiat money will disappear and they will be completely replaced by cryptocurrencies. For the full replacement of Fiat money should take a lot of time and all conditions must be created.

It could but it won't. It is another form of investment for majority, high risky one.
Only stable coins could be used as money I don't think any government will accept to replace their currency with something which is one day worth $1000 and next day $200.

To answer this question correctly we first need to take a look at what a currency needs to be.

Money needs to be:
-Easily accessable
-Widely accepted
-Has to be trusted

If we take a look at crypto nowadays, there are huge problems with all three factors.

It's accessability is a huge problem. At the moment you have to be a computer expert to use it. I always say: "if my parents understand it, than it has the potential to be accessable to everyone." If I try to explain crypto to my parents, they are rolling with their eyes, not understanding what I'm trying to tell them.

Another problem: crypto isn't widely accepted, yet. And it won't be in the near future. It's new, it's strange and fees are way to high. If I want to buy a cup of coffee, the fee sometimes is twice the price of that coffee. That's not good. Pundi X is trying to build a system that makes it possible to pay with crypto just like you are paying with your credit card, but still that's a very small project right now.

And point 3... Crypto has a huge problem with trust. For trust you need a stable market and coin. What has happened lately in the crypto with all of his volatility, it's not good for it's trust.

So, if you'd ask me if crypto will replace fiat in a short time... I don't think so. What we need is regulation and rules, so that trust can enter te market. If trust will enter the market, maybe it will be more accessable en more widely accepted. But there's a long road ahead...

Now everything is developing very fast, and I think that after 10 years there will be no paper money ... except in backward countries.

In my opinion cryptocurrency will be useful in many cases but hard to say it's completely replace the fiat. Still Online Banking still not adopted by all the world. Even we can't avoid the security concern in the crypto. 

If people not trust again with fiat, or there are big inflation in a country, maybe digital currency can replace fiat, but for now it is impossible to replace fiat because a lot of people in this world stil use it and we can't simply to change something that already used for a years.

of course everything could be, BUT I hope it will not be ever, because it will be a total control under people

Fiat does not necessarily mean paper money alone, such as some would think. Fiat can also be in form of electronic, but not cryptocurrency. You can talk of paper money being replaced, because there are already so many plans to have cashless society. So to introduce cryptocurrency to that purpose, crypto has to first be adopted worldwide.
So it will not replace fiat, but can replace banknote.

Isn't the way we look for as it never be the purpose of its creation. People will still love to used fiat money if they never feel comfortable with crypto and isn't bring benefits with them. We can't deny that in some areas internet is still missing and people never knew about crypto, they'll often for such opportunity if they'll know exactly about these thing.

I think that cryptocurrencies will never be able to completely replace Fiat money, since their influence is very large, and the probability that this will happen is almost zero.

At this stage, due to the different national conditions of each country, the legal currency cannot be replaced by cryptocurrency.

This is definitely not a substitute. The amount of legal currency is too large, and the cryptocurrency is only a series of coins that cannot exceed the original coin system. If you go beyond that bitcoin will be a few million dollars.

crypto will not replace fiat. it's true crypto have advantages to fiat but don't forget it has also disadvantages. why do some think crypto will replace fiat? why not think that both crypto and fiat can coexist and help each other?

Currently, electronic money can not replace cash. Many people still do not know what electronic money is. In addition, electronic money fluctuations constantly and irregular, easy to lose safety, not popular ... I hope in the future, things will change.

Even all of us are using high technology I don't think cryptocurrency will replace fiat because they have instances that cannot cryptocurrency like when they have brownout and no internet. But fiat is all around even what happen you can use it and how the crypto depends on the price if don't have fiat.

I'm sure that this fiat currency will replace cryptocurrency, so we're doing that with bounty, giveaways and airdrop to attract people to cashless sociaty and to the people who are all crypto coins are allowed.

I think that cryptocurrency can replace fiat money, we are moving in this direction. But for this you will need the approval of the governments and wait, may be, ten years.

I have seen people using credit cards, using the phone, using debit cards ... to pay. This means that paper money is no longer the dominant player in financial markets. Electronic money with outstanding features in payment, it is also used as an asset to hold and exchange to make a profit ... But it still exists some issues such as: Not yet common, or fluctuating, insecure and fraudulent ... So now, electronic money can not replace the paper money. I hope, in the future, things will change.

Of course it will replace fiat money, look at the wikipedia:

https://en.wikipedia.org/wiki/Fiat_money


Buy bitcoin before the rest of the national currencies drop.

Cryptocurrency will only replace part of the daily transaction. They can not completely replace cash. Everyday life needs cash because there are times when crypto can not be paid.

Until it can function without permanent network connectivity then the answer would be NO, there are times when there is no network connection or no electricity which renders transactions as impossible as things currently stand.

This has been a very common question. My answer is still yes, although the fullness of this replacement will definitely take a lot of time. Perhaps we will be counting a few decades before finally seeing the world using cryptocurrency primarily.

I think it is possible for cryptocurrency can replace fiat in the future. We are moving to the cashless world and cryptocurrency now is the best candidate to replace fiat role.

Cryptos don't need to replace fiat. They can co-exist side by side. And let us, the users/consumers decide which is more important.

Certain utility tokens has inherent value, esp those tied to financial securities, assets or trading markets.

Take a look at LVX tokens and how it has it's own inherent value, https://level01.io/2018/08/26/the-future-chooses-lvx-universal-asset-currency-that-will-catapult-derivatives-trading-into-a-profitable-reality/

In my opinion, not at all, because the electronic money is fluctuating, the second is the penny that we can hardly use everyday because some of them are not technically savvy and they do not dare to hold the electricity bill. many deaths. Hacker risk and price fluctuation risk

It is not possible for you, I think in other direction, if using electronic money, some components do not use technology or computer they can not exchange or electronic money transactions, and especially security, hard to use electronic money replacement fiat

Crytocurrency could be a payment in merchant and we can use it like fiat currency but i dont think cryptocurrency will replace fiat money. Its about national identity on country economic. I am prefer think that crypto and fiat used side by side

I think it's difficult to replace fiat money as this is our traditional method that being recognize by the government and this is also represents the economy of every country. This crypto is new and since this is not yet recognize by the majority or all country this is still not to consider as our future currency. Although crypto has potential but its premature decide for this matter.

It is so impossible to be because there are lots of differential in terms of uses cryptocurrency is an digital money it is run by digital computer in other words you can use it with internet connection, while the fiat money is mostly of countries uses as recognize money of all, so its hard that crypto can replace fiat...

"In future, can cryptocurrency replace fiat money?" is really a good question. This phenomenon seems to be most interesting to discuss today.
In my opinion, it is not impossible for crypto money to replace fiat money. Why would it be impossible? 30 years ago, nobody used a credit card. Now there's everybody. And the money that just returned in the market is just numbers. The use of paper money is decreasing day by day.

Just think about everything else besides money... isn't it changing and becoming different and digital? our TV? our phone? our computer? etc....
I can't believe that so many people are in the crypto world and don't believe that crypto can replace fiat money... crypto is money! and money is also evolving from paper printed bills to digital numbers... crypto will be the only safe long term solution for money...
And general people, that will have trouble with it.... these people will use what the TV tells them to use...
(not long ago, humans used salt as money... don't you think it was also hard to change to gold?)
cheers ;D

Replacing fiat isn't the objective of Bitcoin or any other cryptocurrency but to work side by side with it. It would be too ambitious to say it will replace the fiat, they would have to abolish government in that case. Even paypal didn't wish that to happen. There is the need for governance whcih the reason for centralization of the fiat otherwise there won't be a council to fix and declare the value of products.

Yes, and I'm sure it will do, as well as paper money replaced gold and silver coins a long time ago

can't, why digital currency because it will reduce crime rates, both in the personal, institutional or government fields. so from that all hope the government and other institutions start using digital currency so that the community also uses it a lot

cryptocurrency will replace FIAT in the future.
But not soon, cryptocurrency needs more improvement before becoming the main currency of the world.
But there is no doubt that in the future every country will have their own crypto.

I do not foresee in the next hundred years that you can very well tell that fiat currency will be replaced by cryptocurrency. It is a new finacial system but it will not replace any national currency but it can be used in international trades and that is the biggest advantage as it gives you the freedom to conduct business without boundaries and the hurdle to exchange different currencies and their transaction charges.

Not many crypto coins can do that, but most commonly Bitcoin can replace many transactions instead of cash. There are not many places to accept Bitcoin, and another reason is that people with Bitcoin do not choose it as a method to buy as cash.

I think it's all coming to this. Electronic money is slowly but surely replacing fiat, and bitcoin is the king of electronic money, so its dominance is only a matter of time.

The purpose of cryptocurrency is not to displace Fiat money and take over the world. But this also does not mean that the stores will not be able to pay for the goods with cryptocurrency

They can and i believe they will but the problem is the govts and financial institutions are creating hindrance in the path. They can't stop it but they surely can delay it and i think they already are delaying it. Otherwise the way bitcoin jumped to 20k, they would had done a lot in this regard already.

I can imagine it's possible, but I see its drawbacks. Due to the high dynamics of cryptocurrency rates, it is not suitable as a means of exchange. In other words, it will create a lot of trouble for trading.

I think this is quite realistic in the future. But most likely the state will release their cryptocurrency.

the state will be able to release its cryptocurrency, But this is likely to be a reality in more developed countries that already have some experience in the cryptocurrency market. Many states are still trying to put cryptocurrency in a negative light.

Cryptocurrency has everything you need to replace real money. However, there are still a lot of problems and at the moment I do not see their solution. At the moment, cryptocurrency is primarily an object of speculation.

Well it is real, and rather it all goes to this. But!  Not all coins can be used as a currency for everyday use. It seems to me bitcoin and Ethereum are likely to come out for General use as a currency. And Ethereum will be the most popular coin.

This is not possible cryptocurrency will replace fiat money because there are many peoples are still remain illiterate in most of the countries and they need fiat money for their daily expenses.

Yeah, and it is some sort of hype within crypto craze but not that easy as of now. In that it is really possible as i am looking for it in the future were we start from physical materials then going to the paper moneys and coins and now coming to more advance technology which is clearly seen in decades. I have no doubt that we might seen bitcoin and physical materials again in the coming future as a medium of exchange.

I think that even in the future cryptocurrencies will not be able to replace Fiat money, because we need more stable money, and cryptocurrencies, as it seems to me, will always be associated with volatility.

I don't think that crypto currency will replace in fiat money but maybe both will be use in the future. We are also using a fiat money and at the same time banks, stores etc.. Will accept cryptocurrency payment. This is not imposible because our technology is improving.

It is not easy for cryptocurrencies to replace fiat money, at least in the near future. The usability of crypto as a payment method is still really limited around the world, and most people still using mainly the fiat currencies for paying their daily bills.
It will need a longer time for cryptocurrencies to become able to replace fiat.

I believe that this is indeed possible. But for this it is necessary to go through a very difficult path and complete a huge amount of work. Therefore, I think that this can happen as a minimum in 15-20 years.

It is impossible in the nearest future. Because too many nuances the governmental systems of different countries should cope with first. And too many people and their minds are not ready and will not be ready in the nearest years to change the fiat money onto the crypto.

I think that sounds almost impossible for me cause not everyone would adapt to using cryptocurrency and all its procedures to be followed we would always want the physical cash for daily usage so it can another source of having money but not taking over fiat

I think that now they are beginning to gradually introduce a system of crypto-currencies and in a few years they will replace fiat money.

Replace would be a big change and I don't expect it to be very useful. Fiat money is still a nice good if it's avaible in cash. For online purchases on websites I would prefer crypto as well, it's a good and easy payment system to use and pay for online purchases.

I don't think that's gonna happen for a couple of years. But still, the world is slowly but surely moving to the transition to digital currencies and how to know what role cryptocurrencies will play with us. So let's wait and see.

It all depends on the state and society. But I believe that cryptocurrency will never replace real money. Maybe she can become an alternative for real money.

No one tells you that this will happen quickly, but no one knows what will happen in ten or twenty years from now. Perhaps then there will be completely different conditions.

if the question can or not, I think, the answer is yes of course you can.
because obviously between fiat and crypo have the same function, namely to transact and also invest.
because the history of the creation of bitcoin is to replace fiat, even though it is only limited to commodity, but slowly with various breakthroughs from the increasingly evolving blockchain technology system and the high level of interest, it can happen.

I think it can be. I am sure of that. In 20 30 years i believe everycountry will start to use their own currency or they will use one main currency in their economical systems. That will be great. We can track everything or maybe we can not :D . If they will add their currency privacy option That will be bad but i am sure in the future all the economy start to use blockchain systems.

Nothing has been able to replace fiat for millennium and I don't thing crypto can do it either..  Money is not just something that can be anything. It must be generally acceptable as a means of exchange and settlement of debt. Now I don't think crypto will be generally acceptable soon or ever..

Most likely, it will not replace, because Fiat has a lot of currency, and just because it will not disappear, we need a very weighty reason

Cryptocurrency can work side by side with fiat currency but can't replace it. And their are many reason behind this.
 Cryptocurrency is not legalized everywhere. In many country it is still ban. Because of this it can't call an global currency. Another reason is its volatile. Because if volatile nature its price fluctuate time to time and because of this many people lose their trust on it. Cryptocurrency is an digital currency so in order to use it Internet connection must required but their are many place present where electricity does not present and in those place fiat currency is one of the options in those place.

yes, I agree that bitcoin will not be able to replace fiat money, the main reason, in my opinion, is that its value is very unstable and it is very troublesome for people. in my opinion Bitcoin is still suitable for investment places until whenever.

It is replacing step by step and eventually it will be replaced with 50%+ amount of transactions.
Fiat won't disappear,but will be reduced

In future, can cryptocurrency replace fiat money? This seems to be most interesting phenomenon to discuss today. ?



This will not allow the state to do. Or they will follow the cryptocurrency turnover very closely. In any case, while this is not possible. Let's see what will happen in 10 years.

In my mind it simply does not seem to replace the fiat currency because the transition to the community is serious, especially if no one knows cryptocurrency the easiest thing to do is to approve the cryptocurrency that legalize and can even use any transaction.

I agree I can't imagine buying a sachet of shampoo I will have to log in to my computer and what if the connection and transaction are slow and clog, we need fiat in our daily lives, we can use cryptocurrency on our online transactions and transfer of money from other countries.

For the next 50 years, of course not, the government will do everything to protect fiat so that the presence of crypto will never replace fiat, moreover the condition of crypto supporters cannot be fulfilled.

It is a hard question.

In 20 years it is not possible. But afterwards i can't say anything.

But i know one thing for sure, it will create a different option. Like you can pay fiat or crypto kind of a way.

Majority of the post says it's hard to replace fiat with cryptocurrency and why would we want this to happen, when there are folks in some part of the world that are more into fiat and we must admit there is a government that is against Bitcoin and cryptocurrency, we cannot please everybody.

This is impossible, the odds are 0! Be aware that traditional currencies are very powerful. If the cryptocurrency replaces the traditional currency, the price of the bitcoin will become hundreds of millions of dollars. This is impossible.

I think that in 10 years, 30 percent of all purchases will occur in cryptocurrency, and after 15 years already 50 percent.  Over time, it will become more convenient and safer than using fiat money.

This is very likely to be realized in the future, but I think it may take 5 to 10 years, because the current cryptocurrency still has many hidden dangers and cumbersome operations!

Well yes it can really help a lot. Coins like Paragon, Stellar and Cardano shall go very high this year. They can be great for everyone and can even replace fiat money.

I don't think that cryptocurrency is going to replace fiat currency, but more and more people are getting involved with it, as it is very easy to use you can send and receive payment from all over the world in minutes which is not possible with fiat currency.

but isn't it the main reason of cryptocurrency creation? (apart from making profit). i think that when it happens the world will face a real change. somehow it will affect people's psychology i am sure

I believe that cryptocurrency will not be able to replace money because money will always be in demand. crypto currency in the future can be equated with money and made as an alternative method of payment as it is now, for example, paying with cards

Replacing fiat money was too hard for crypto if it remains so volatile like what happened right now massive fall really eradicated lately. If we wanted that crypto will be associated with fiat economy, I guess it needs a lot of years before the development takes place for everything prior we will be able to solve those problems related to those factors affecting the price of bitcoin and after that it will be deliberated prior merging digital currency towards fiat economy in order to replace it.

In my opinion, cryptocurrencies will be used in many payment system, but it might be difficult  to replace fiat, this is because fiat is easy to be used in day to day activities.

It was only depended with people and acceptance for government wether crypto has a chances to replace fiat money in a future we should keep promoting crypto as a great investment in where we can earn profit .Crypto is ready for changes but acceptance with individuals is not totally good.

I don't think so since cryptocurrency is kind of sophisticated tool that requires a lot to be able to use but unlike the fiat you obtain your money and that's all you ready to use it.

depends on how much society will accept cryptocurrency in everyday life, depends on how the business will use cryptocurrency

The emergence of cryptocurrency can cause a gradual evolution of national money, under the influence of intense competition, the use of "customary money" can become much more convenient.

Cryptocurrency will not replace fiat money. Current circulation of fiat money is still more important than cryptocurrency. The fiat currency is currently a counterweight and benchmark for cryptocurrency.

Money will always be, and nothing will replace them completely, we are all so used to money, and as a rule, many are afraid of something new and unknown. I think cryptocurrency will be more popular among people, but money will not replace.

According to present crypto market this is difficult to predict. But I believe that one day crypto will more strong and it's popularity will increase more. I think in future it can be happen but also I believe it won't happen so early.

I really don't think that replacing fiat money would be beneficial or really needed at all. What crypto should be is what one should call a supportive alternative, it coexists with fiat. If fiat transactions become halted for some reason there is crypto to handle the situation.

I have been watching for a long time how banks are trying to adapt the blockchain for their needs and at the moment everything looks pretty raw.

I think that you can now use cryptocurrency as Fiat money, but the real cryptocurrency will replace Fiat money is not soon, it is even possible that this will not happen.

No, that's unlikely to happen. I think that the cryptocurrency can be widely used together with Fiat money, but it cant completely replace them. At least in the near future for sure. Crypto is still very young and has many problems to solve.

I have a feeling that cryptocurrencies are slowed in their development. This is not a crisis but there are some sort of difficulties on the market for sure. Anyway it will be overcome I suppose.

Lol, would you use cryptocurrency instead of fiat. When 4 days ago you had 1bitcoin worth ~ $6400 but now after 4 days it is only worth ~$5500. In 4 days you do nothing but lose almost $1000. Why if you hold $6400 fiat, after 4 days it is still $6400. Cryptocurrency now is not a currency.

we are talking about something that will happen in the future, yes fiat money will be replaced by digital transactions, as happened in the film. and this is the evolution that occurred in the history of transactions. but the most powerful logic is that every government will have its own crypto, in other words there are many altcoins that will die. yes this is only my thinking

Can you imagine what should occur shifts in society that it has decided to take this step? This is not a technical issue, but the psychology of people.

Of course, cryptocurrencies can replace the current coins. but so far, our world is not ready to get rid of Fiat completely. there is no urgent need for this yet and cryptocurrencies are not so well developed

This is an interesting questions which I think would be more relevant in the future as in my opinion the crypto market is not doing as well as it could be, and I fear that there may be some time before we start to see market improvements.

It seems to me that the cryptocurrency is quite capable of replacing Fiat, only it seems to me that it will take a very long time!

to replace Fiat's currency it seems impossible, but digital currencies can be collaborated with payments, meaning digital currencies can be paid at a company or in a shopping place. in my opinion like that.

I think so. Cryptocurrency is a great technology from which a lot of benefits. And I think that there is sense in is to fully on them to move. The main thing to wait for stability and then everything will be right

In the future to come we can sure that Cryptocurrency will really replace fiat money because many people are now adopting online currencies that is really easy to use in any transactions. And I think more people will gonna be interested in Cryptocurrency this coming years but for now we can't say that it can be replace in the coming year.

it's a very far-reaching dream to make it happen, to make fiat money needs support from many parties, especially the government, and that's a pretty difficult thing to realize

Only in theory, bitcoin can replace money, but in practice I can't imagine how it will look. Too complicated, simply due to the fact that the rate is always changed to larger values, and this means prices and wages will have to recalculate every day.

I think that first of all cryptocurrencies are useful for making uncontrollable transactions and saving your money. It is not for everyday use. So maybe, it is only for now. We will see maybe something will be changed.

No I think not, but it could happen, but this to happen that value should be very much stagnate like dollars but since dollar is so strong, until USA falls we won't have a chance of getting a cryptocurrency value that is for non-stop use, and even if it happens to happen that, the price would be going up and down very violently I presume, at least at the beggining... I think it would be very much hard to do so, at least for now.

If we will finally see the working products from the ICOs than yes. Crypto has so much potential but the industry is not moving on! We need more great products that would be easy and ready to use for payments in our daily lives.

Crypto can never fully replace the money. in just a few aspects only crypto could actually be functioned properly and was not thoroughly globally. coupled with the still large number of developing countries that could not necessarily have facilities for crypto, then they will continue using fiat as a transaction.

The withdrawal of paper money from the state financial turnover is only stopped by the fact that not all commercial establishments have a stable Internet. As soon as the Internet is ideally available to everyone - paper money we will see only in the museum.

Cryptocurrency will not be able to replace fiat money, because in its current usage, cryptocurrency is very dependent on the existence of internet networks. And not everyone understands about the use of cryptocurrency and is able to access it through the internet network, for that reason, cryptocurrency will not be able to replace the fiat currency at any time.

Although this is possible, it is limited to a few smaller countries, and because of the risk of cryptocurrencies, banks are hard to adopt!

I am sure that sooner or later cryptocurrencies will completely surpass Fiat. But in order to get rid of this usual method of payment for goods and services should take a long time

For the time being, I am not even considering the possibility of replacing cash with cards, since retail and spontaneous trade lives in every country, which has no terminals for payment. We need to solve this first, and then think about the crypt.

Of course, cryptocurrencies are capable of surpassing conventional money. I am sure that we will see progress very soon and will see how things are changing rapidly

I just read an update from few months ago where the Chinese government is making steps to provide cryptocurrencies (digital currency)  that will serve as the normal currency. I think that is a bold step towards adiption of Cryptocurrency, bringing the argument forward that cryptos can really replace fiat

It will be able to do it in the future, but certainly not today. I think that at the moment we have technological barrier that dont let us do it. Also, crypto is too volatile, we need stablecoins

It's true, not for today and it takes time before we all see that crypto's will replace fiat money. The government does need to take a long debate just to pass a law and replace fiat with crypto's. But for us as a community, we can already do it without their permission.
Stablecoins? we have plenty of it, I think what you are telling is about a digitalized fiat.

Crypto graphy is a very advanced and promising technology. But to say that some of the currently existing coins will become a global means of payment is very premature. Yes, the existing banking system will use blockchain technology in its activities. But nevertheless, my opinion is that the purpose of cryptography is not as a payment system.

it is possible for some coins such as bitcoin and etehreum to be used as payment instruments, because they are probably the most common and owned by people. but for other coins that are very large in number, it will be very difficult to control the crypto circulation, which is very much as a means of payment.

I wrote already but I want to repeat. Crypto can replace fiat but not in the nearest future. We are on the border of the world crisis. And to think about replacing is not so smart. Maybe current crisis will be stronger then at 2008? Patience will be rewarded

Bitcoin will not replace the current money, but it is likely to be a payment preference for people to be able to choose to use money or bitcoin. it's all returned to consumers

I dont think so that cryptocurrency replace fiat money. because fiat is a medium of exchange whereas crypto as of this time, not all countries using this. It will take or the government will make any resolution for this and pass it to the congress to be able this currency will discussed it in the upper government. To be short, it has along process to be legalized here in our country.

Really relevant and common question. Personally, I am convinced that over time, reliable cryptocurrencies will become an increasingly common and popular way to pay for your purchases. But in the coming decades, fiat will still remain, because not all people are ready to work with cryptocurrencies

If looking on today's market condition, i think it would be hard for the people to put trust on crypto to replace the conventionnal currency.
But it would be different story if the market condition became better and cryptocurrency became more stable than what happen otoday.

I think cryptocurrency to replace fiat money is very difficult, because both have different functions and that certainly must go through government approval and what we know is that many countries have not recognized the existence of cryptocurrency.

It can replace fiat money, if it is more stable and not that volatile.. actually, the entire market is volatile.. so we need to see a stable price in order for it to replace traditional fiat money.. or at least say to change those old business models by the new decentralised degital asset model..

I like how this Gigzi running ico dealing with the volatility thing, backing digital crypto assets with precious metals price!

some countries have strictly banned crypto, so it will be difficult for crypto to be able to replace fiat, especially for now crypto is only used as an investment tool for most people, its value will definitely not be stable. and the requirement to replace the fiat role, crypto must be stable. so I think it's very difficult for crypto to be able to replace fiat. but if you speak it is possible then that can happen.

Although cryptocurrency can be used as a payment method on the Internet, its usage is still small and does not help us, but legal tender allows us to buy more of the items we want!

It will replace fiat money one day, but we need more working products, because without any decentralised solution that would be able to compete with centralised services, we have no chances of reaching the mass adoption.

I think that in the near future cryptocurrencies will not succeed. But they can exist together. Personally, I'm not ready to get all my salary in cryptocurrencies, but if it is 30-40% of the salary, and they can safely pay for purchases, then this is my ideal option.

I think that's a great idea for that. cryptocurrency can not replace the fiat money in this cryptocurrency condition that has fallen and has not yet recovered. if the cryptocurrency returns as usual, it may still be possible.

Currently cryptocurrency is more suitable as an alternative payment. Fiat's position is still strong, moreover not dependent on the internet and can be done instantly, it can be used for micro payments and easily. Cryptocurrency can cover the lack of payments using fiat, for example, it does not depend on distance. The point between fiat and cryptocurrency is complementary.

maybe yes, but there are many debates that will never be resolved before that really happens. and the possibility that each country has its own crypto as an alternative to fiat currency. and this is the closest to logic

I think that cryptocurrencies can replace money, but surely not your solution. You are promising cards for about one year, and still no exact dates, no official card partner, nothing, only words. Thats why Amon token lost 95% of its value.

I think that it is quite possible that in the future cryptocurrency will replace fiat money, but for this, it is still necessary to eliminate many shortcomings.

in my opinion all possibilities can happen that fiat currency is replaced with crypto currency but requires a process and a long enough time to convince all crypto currencies to be worthy of fiat currency

In my opinion, he can, but we won't live to see it. You understand that the cryptocurrency replaced fiat money, in each country there has to be at least the Internet. And at the moment there are countries in which only one percent of the population uses the internet.

No it cant. Fiat money and cryptocurrency were totally separated but with similar purpose, as a money to be used for payments and any other function. There is no way for cryptocurrency to replace fiat money, because cryptocurrency is still not mass adopted. And many people still do not use cryptocurrency.

This is impossible. Traditional currencies are almost invincible. They have a history of hundreds or even thousands of years. Human beings cannot be separated from traditional currencies. Encrypted currencies or digital currencies are built on traditional currencies.

Of course it can. But time is needed for this. While the situation is not very much and at the moment money is in priority. while you need to wait for an improvement

Cryptocurrencies will probably soon be able to replace Fiat money, since their use will be much more convenient.

Sometime in the distant future this may happen, but it will take a long time before everyone starts to trust this new currency.

Cryptocurrency have all it takes to replace Fiat currency. The Fiat currency have many limitation because is kind of centralized system where the government and the banks control how much an individual and cooperate organization can deposit or withdraw per time . The world is changing to era of digital world where the global community will use digital currency such DACC token , Bitcoin , Ripple ,Ethereum for transaction . Especially DACC creating an ecosystem for monetization of content.

My opinion is no. Despite the fact that Fiat is centralized and issued by the government whenever they want but that doesn't make cryptocurrency an edge over it. Many vendors I real life will not and ever understand the technicalities behind use of cryptocurrency as mode of patent do their real life services and as such Fiat will always be placed ahead of cryptocurrency.

That can happen if all governments around the world support and use cryptocurrency, and I think that's impossible in the near future. I just hope they accept cryptocurrency

Over time, the cryptocurrency has all chances to replace fiat money, but now it is very early to talk about it, the necessary scalability has not yet been achieved

It will happen if the majority of the governments change their minds and support the cryptocurrency instead of fiat. But governments are centralized so they can rein their economy and they will prefer centralized currency than the decentralized virtual coins. Fiat can also turn into virtual currency and can co-exist with the cryptocurrencies someday. So fiat will not easily replaced by cryptocurrency and it might evolve instead in the future.

maybe cryptocurrency does not replace fiat currency, it might be more appropriate as a companion to transact more safely and practically.using cryptocurrency make us bring less money.

it could be, if the world solely accepts crypto as universal coin. I think it has to go through many stages and difficulties and trials. I think it has ruled over our arguements that crypto is easily manipulated but that does not the case. in fact it just need more security and reslonsibilities.

Crypto is going to replace fiat money, but not in the nearest future. The process is going to pretty long and complicated, but I am sure one day, we will switch to the crypto currencies payment system.

I think this is impossible because the price of cryptocurrency cannot be balanced. When someone sells, the price of the crypto will always change. Who is willing to accept the electricity and water bills that change every second?

in my opinion cryptocurrency is able to replace money from that very difficult. there are many opponents of the existence of cryptocurrency and the current prices are very volatile and at great risk

I think it still takes time if crypto will replace fiat, and it seems that only certain places can be used as transactions. What is certain is that Crypto will run simultaneously with Fiat and has its own values and functions.

yeah indeed. many people don't agree with cryptocurrency. including now. many people oppose the existence of cryptocurrency. they all say this is too risky

there are a lot of people who have a high belief that cryptocurrency will replace fiat, i don't think like that. because after all there is a lot of manipulation and monopoly that fiat can do. it's like we expect something almost impossible to happen in the near future. I am not saying that is impossible, but it will certainly require my time more than a decade

I agree. This will take place in the future. That is for sure. The paper bills and coins will definitely come into an obsolete age. The digital era will not be consistent with a physical money and so I believe that digital currencies or cryptocurrencies will take it away. But then the process will definitely be long. It will not happen overnight, as easy as we might thought. Furthermore, there are still a lot of powerful institutions that are blocking the way.

The level of technology and the degree of their introduction into our life is not yet so high as to completely oust the archaic payment systems. Perhaps in the future this will happen completely and irrevocably, but this will not happen in the coming decades. But this is a good topic for science fiction.

At the moment, a cryptocurrency will not replace money in any way because it is very high volatile and for most people this will not work, now the cryptocurrency market is falling and will be less volatile and then you can think about introducing coins into everyday life.

Such an event is almost impossible, and the traditional currency recognizes the existence of cryptocurrency because cryptocurrency has real technology. But it does not replace the traditional currency. This will bring the world into war. The government will not let this happen.

Technically: For sure.

Likely to happen: Fiat money will be turned into estate-backed cryptocurrencies and will be enforced (or at least, try to be enforced).

Fiat moneys is the best  for everyday little payments in developing countries.
There is many markets where no internet connections available and fiat very usefull.
More fiat is most unrecable moneys

fiat money cannot be replaced by cryptocurrency, we also need fiat money in offline payments. Buying a cup of coffee at a coffee shop is not effective if you pay with crypto. more efficiently pay with fiat. But if for online payments such as purchasing goods outside the city or abroad it is highly recommended to pay using crypto. So, crypto and fiat are still needed and nothing will be replaced

For Bitcoin I think it is possible and it is going to happen very sooner. This year there was a hurdle for the promoters and other users of crypto because of the restrictions and the market situation but sooner it will be good and again the crypto will come on the field and will take the place of fiat in the remaining fields where it is still not implemented.

Fiat money is what we used in our daily transactions and should it replace the actual money then the anonymity might be affected and cryptocurrency will be put into a control. We know fiat is controlled by the government. This is necessary because the government would want to protect the stability of the economy. So for me it might be but the cryptocurrency we know might not be the one to be used for such purpose.

I think cryptocurrency is hard to replace fiat money, why?
The fiat currency does not change its price when used in large quantities, but the cryptocurrency will change the price due to the volume of the transaction!

I think it is possible to replace the fiat money with Cryptocurrency they just need more time to make it more successful in the market and spread to the world how useful Crypto it was. And I think more people will gonna love it the way we love Crypto to invest to it with our money to make more profit.

Crypto will replace fiat for sure. The other important question is: will it be bitcoin and some other existing coins or will governments create their own coins they will be able to control easily...

I fully agree with that. in the Near future, cryptocurrencies will replace Fiat money. Cryptocurrency is security, speed and modern technologies. Progress does not stand still and develops

At the moment, it is very difficult for me to believe that crypto-currencies can replace Fiat as a single means of payment, because for this the global economy and the banking system must completely change.

it can work alongside fiat but might not be good replacement for obvious reasons.  if only there were no fluctuations and scams, it is possible.  :(

It seems to me so far that cryptocurrency is not capable of replacing fiat money, and even in the near future it seems to me that they will exist on a par!

No i think cryptocurrency can't replace fiat, what i believe in the near future many of stores will accept cryptocurrency for payment method instead credit card / debit card. But i don't know what can happen in the next ten years, maybe crypto can replace fiat.

I am fully convinced that reliable cryptocurrencies are really of great importance for the successful development of the global digital society. Over the coming years, cryptocurrency will in any case strengthen its value for the global financial system, but cannot yet completely replace fiat.

I don't think so. Cryptocurrency has a lot of advantages in some particular cases, but it won't replace fiat money, at least in the nearest future.
Nevertheless, the blockchain technology can be used (is used) to make financial system better and most likely there will be some synergy of crypto and fiat.

Crypto and fiat money have different essence. And main destination for fiat is regulation mechanism for the economy and authority control tool. And what main idea for cryptocurrency? Independence and no emission.  And how those can be replaced?

Cryptocurrency cannot replace fiat money but has the potential to be used as a parallel currency with fiat. Why is that? Because to this day, the acceptance of fiat currencies is always wide in the community and is unmatched. Fiat money's becoming stronger because he's fully supported by the government.

Not right now, but its a possibility but only time is required meaning almost everyone have basic computer/ smart phone skills, understand basic sends and receive, understand basic onling security and governments have to accept, encourage  and use crypto for transactions, to make people have faith in using crypto.