Do you believe that digital currencies will replace Fiat?

[Fatso123111]

I think it's impossible to replace real money in digital currencies. Not all of us use bitcoin besides the fiat has the symbol of the identity of each country. Not all citizens of a country live with technology just like those who live in the islands or away from the city. Not all of us in the modern world are the ones who prefer not to follow. You do not have a transaction when there is no internet the fiat is faster when it comes to transactions. And more studies need to be done before they can be used for digital currencies. And it's not easy to change an important thing that's so easy and it's always used everyday

Real money? How are cryptos not real?

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[bbs98]

I do not think that far, it takes a long process and the cooperation of all parties does not just rely on bitcoin fame to make digital money replace fiat.

[mRasika]

I know it may not be possible right now, but do you think fiat will be gone in the future?

cash money will definitely be needed and will not disappear from the market.

[Nevis]

No. Most of the countries around the world will surely not allow that to happen. Imagine, bitcoin's price is getting significantly higher this past months. But, who decide this value? I think its the community itself. Without being centralized, it can't even be a world currency or country currency. There are so many things that bitcoin can do and really benefits all of us, but even so, there are things that bitcoin also can't do. It's value is because of us, which means that we use our fiats to raise it. If fiats are removed from the bank, there will be no physical existence and meaning of having that money. Yes, it is still money but we can buy things right now using bitcoin is only because we can exchange them for fiats. Even if you bought something online as they accept your bitcoin, their goal is to get that money and later hold it or cash it out.

[THAHIRHAJI]

I don't believe that digital currencies will replace fiat it is fact that which we have to accept it. it is true that it is very difficult to replace fiat each and every country has their own currencies and it has it own value as per their country growth it always vary so non of the country will allow to replace fiat at least for now and for next twenty five years.

It is not possible to have everybody access to internet and the android mobile to avail and its cost cannot be bared by poor people and to be honest it is not affordable to replace fiat first the world has to change completely to have access of digital world and only it is possible.

[gabmen]

I do not think that far, it takes a long process and the cooperation of all parties does not just rely on bitcoin fame to make digital money replace fiat.

And fiat is too valuable for everyday transaction down to the lowest in society. Even though bitcoin can revolutionize how we do transactions today, we still would need fiat now and in the future

[RayvenPierre]

Having digital currencies replace fiat money is definitely a possibility but I don't see it happening any moment now. People will be needing to be more aware and comfortable to it first and that will surely take a long time because people don't like change especially if the one changing is something that they have been using for a very long time.

[margrettco62]

I don't believe that digital currencies will replace fiat it is fact that which we have to accept it. it is true that it is very difficult to replace fiat each and every country has their own currencies and it has it own value as per their country growth it always vary so non of the country will allow to replace fiat at least for now and for next twenty five years.

It is not possible to have everybody access to internet and the android mobile to avail and its cost cannot be bared by poor people and to be honest it is not affordable to replace fiat first the world has to change completely to have access of digital world and only it is possible.

I believe that digital currencies will replace fiat but we need a long time to do this. Government of many countries are encouraging people use payment not fiat money and digital currencies will resolve this.

every country has their own currencies

They can generate digital currencies their own and can use bitcoin conversion . Like now we are use dollar to conversion between other fiats money

[carlisle1]

I do not think that far, it takes a long process and the cooperation of all parties does not just rely on bitcoin fame to make digital money replace fiat.

And fiat is too valuable for everyday transaction down to the lowest in society. Even though bitcoin can revolutionize how we do transactions today, we still would need fiat now and in the future

correct fiat will still exist even bitcoin already gaining attentions, as we still need to educate those people who's living in the mountain are and those who still in the third class society, so we cant remove the fact that fiat still be needed even bitcoin or crypto already exist.

[MOTHIT]

Replacing fiat with digital currencies is not possible because everybody don't have access to internet and all people to have the devise to handle the digital money is impossible task for the government. In future digital currencies will reduce the usage of fiat to maximum level as technology users is increasing day by day and people would like to use the digital technology in their life.

[rachelia13]

Replacing fiat with digital currencies is not possible because everybody don't have access to internet and all people to have the devise to handle the digital money is impossible task for the government. In future digital currencies will reduce the usage of fiat to maximum level as technology users is increasing day by day and people would like to use the digital technology in their life.

I agree with you that it is impossible to do because not everyone is connected to the internet, especially for people who living in areas that  isolated from technological advances, and to replace fiat with digital currency takes a long time because it requires discussion and involves many parties because this can affect the country's economic stability, and the future percentage of digital money use will increase but the fiat will remain the main choice

[ufaiz50]

I know it may not be possible right now, but do you think fiat will be gone in the future?

I thought it might be but it must be a replacement if fiat disappears. but I think if for cryptocurrency as its successor it's a bit difficult considering some governments do not support cryptocurrency and some prohibit.

[siti25]

No, anyway payments with real money are easier and simpler than having to use virtual money. Fiat is shaped and physically visible, and we can instantly benefit when we get money directly, not through online or accounts. In the future maybe digital money can master the world payment system, but I do not think fiat will be lost.

[mindfly09]

Today's time is widespread the digital currencies used by a lot countries and it has been recognized in so many countries. But for me impossible it happens to replace the Fiat. Because not everyone will still be aware of digital currency, how those in the poor community and no internet connection? Because the digital currency are running only through the help of internet connection. So it will not be allowed to happen by the government.

[qxo35]

I don't believe it will ever happen

[Manchumichael]

In future, all transaction will be done in digital but don't know how many days it will take. not sure that these digital currencies will replace fiat.

[elizabethfund]

I think that digital currency will completely replace fiat in 20-30 years. Maybe not BTC itself but some others ones.

[rey.fudz15]

nope, simply because bitcoin is just a currency created by an individual rather than a state or institution. It is not being regulated and people cannot use it as a measuring stick for value of goods since it is too volatile, fiat on the other hand is the symbol of a state being the legal tender of a country. I dont think digital currencies will ever replace fiat.

[Edrian]

I think that digital currency will completely replace fiat in 20-30 years. Maybe not BTC itself but some others ones.

It is possible now that the popularity of bitcoin has grown and atvthe same time a little bit impossible but let us not eliminate the idea that it is possible. I think it is not a replacement, that word makes it imposible. But it can be a temporary substiture or maybe a universal money used by a lot of cryptocurrency.

[Kazuyukie]

It's possible that digital currency to replace fiat, after all we're entering digital era where internet almost run everything so its not really surprising, maybe not Bitcoin itself but fiat turns to digital money.