Can blockchain be used for fiat money transfers or mobile payments?

[el kaka22]

The option is out there and it exists already, just not liked by many to be fair. The fact that you could even get "crypto debit card" type of thing is also already out there, and can be bought with crypto, meaning you could literally live off crypto alone, but so far nobody big did it, and marketing sucks, so nobody really cares.

I think anything that connects financial worlds "spending" part with crypto, is not going to get much attention, not anytime soon anyway. It will become big eventually, but that will happen with a big trusted company for it. Crypto is mostly investment for people, it is not a currency anymore, it is an asset and because of that people end up seeing it as something to invest, not use for monetary reasons.

[oktana]

When I read the topic, what comes to my mind is fiat but on the blockchain. What that means is that there’ll be a cryptocurrency baked by a particular country’s fiat currency, and the total supply would be just the same. Or even if it isn’t the same, it’s the same value as fiat, can be received and sent just like fiat, but is on the blockchain. I’m not sure but if this is what you mean, it is completely possible.