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Author Topic: CRYPTO AND FIAT MONEY BEST COMBINATION  (Read 2166 times)
bocyaj
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May 17, 2018, 05:16:48 PM
 #41

Every currency had their own features. In future,bitcoin will replace the FIAT. But I don't think entire Cryptocurrency will replace the FIAT.If every country had created their cryptocurrency.It may replace their country FIAT.For this technology to reach throughout the world, we need to wait for some decades.

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May 17, 2018, 06:04:06 PM
 #42

This is only so because fiat money is still the major and most efficient means of exchange for goods and services but as time goes by and bitcoins becomes more popular then you will find that fiat (physical money) will become less popular as people will gravitate towards a cashless, fast, system that eliminates the need for them to leave the comfort of their home to do any transaction whatsoever. This will happen on the fast, secure un hackable blockchain system which most companies are adopting now.

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May 17, 2018, 06:33:31 PM
 #43

depends on which place you are talking about
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May 17, 2018, 08:26:36 PM
 #44

I bilieve that in the future crypto currency will not replace fiat money as mode of  payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.

1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.

2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.

This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.

plus crypto has unstable price which happened to be its advantage, on the other side fiat has has stable.  This characteristics of this two currency make a good combination. 
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May 17, 2018, 11:58:00 PM
 #45

We all wish this happen that crypto and for that matter, bitcoin,  will be accepted all over the world and used as an international currency. Exchanging from one currency to the other is very annoying especially when you get to a place the first time.
By the way,  crypto and fiat should move because we can't get all our assets on the net
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May 18, 2018, 01:16:41 AM
 #46

I bilieve that in the future crypto currency will not replace fiat money as mode of  payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.

1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.

2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.

This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.

This is the best comments regarding FIAT and cryto currencies. To aim to replace the FIAT is absolutely impossible maybe we can say that using FIAT and crypto currencies become optional to the people. The people are free to choose what they want for any transaction.


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May 18, 2018, 02:05:14 AM
 #47

Yes absolutely it is the best to combine cryptocurrency and fiat money, we know that both of these two types of medium of exchange is have a greatest significance. However both of them are good because it helps people in anyway like fastest way of transaction. So that the idea to combine completely the cryptocurrency and fiat money is one of the best solution to improve our future generations.
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May 19, 2018, 03:47:27 AM
 #48

I bilieve that in the future crypto currency will not replace fiat money as mode of  payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.

1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.

2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.

This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.
Obviously the combination of crypto currency and the digital currency is the deadly one and both the currencies should go hand in hand and as u stated in your post that both the currencies play a very vital role in the economic world but in the era of digitalisation, we can easily see that people find ease in using digital currency than Fiat money and I also personally feels that digital crypto currencies are much more convenient to use and most likely it will not replace Fiat currency but could reduce the use of Fiat currency.
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May 19, 2018, 04:33:47 AM
 #49

I bilieve that in the future crypto currency will not replace fiat money as mode of  payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.

1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.

2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.

This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.

You have a very good point, bitcoin in online transactions and fiat money for offline transactions. In my opinion, when the bitcoin is widely accepted as currency and payment system, it will replace the fiat money and perhaps we can also send and recieve bitcoin through offline.

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May 19, 2018, 04:46:23 AM
 #50

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May 19, 2018, 05:07:18 AM
 #51

I think you point out very good combination between fiat money and cryptocurrency. Yes its very true that cryptocurrncy and fiat money very active their won field. Those are very important in economic field.

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May 19, 2018, 05:25:54 AM
 #52

I bilieve that in the future crypto currency will not replace fiat money as mode of  payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.

1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.

2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.

This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.


yes, I think fiat money will still be used in traditional market transactions and other things related to real trading. but I believe the future of crypto and bitcoin will increase in the future.
I think I should agree with your discussion.
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May 19, 2018, 05:26:39 AM
 #53

i agree with you that bitcoin will never makes bitcoin gone, the best thing is when bitcoin is work alongside the fiat, from that you say i\that bticoin is secure and fiat is faster, which is the people can use two of this in the future, for investment and asset they can use bitcoin and for daily they can use bitcoin and fiat.

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May 19, 2018, 05:27:19 AM
 #54

I bilieve that in the future crypto currency will not replace fiat money as mode of  payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.

1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.

2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.

This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.
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May 19, 2018, 05:29:58 AM
 #55

There are some people who believe that crypto is going to replace fiat currencies in the coming years but they ignore the fact we have the high number of illiterate when it comes to technology and hence not everyone is in the position of using cryptocurrencies as basic knowledge of internet/computer is a must for it. Thus fiat currencies are not going anywhere and we have to live with two options but we will see governments will adopt blockchain for fiat currencies too but they won't it decentralized.
I think the same too, i think it is better that we use the same means fiat money and crytocurrency.  This is to answer for nthe convenience it can give to fiat user and crypto. This is way better so that we can have a choice especially if the network is down we can use fiat money and where fiat money is more expensive we can go to cryptocurrency.
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May 19, 2018, 05:32:29 AM
 #56

I will complete about the advantages and disadvantages of each fiat money and crypto money. Crypto money is more decentralized, free of charge transfer and storage, privacy is guaranteed, free in transactions, no risk of billing, durable, and portable. Crypto money is often used as a fraudulent transaction. For easy use, right now, I'm easier to use fiat money because not all countries and stores accept payments with crypto money. Fiat money is also more stable than crypto money.

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May 20, 2018, 12:07:06 AM
 #57

 I agree that crypto currency and fiat money should exist together to simplify our lives. This is very important in the economic sphere.

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May 20, 2018, 05:18:22 AM
 #58

Yes, I believe that fiat and cryptocurrency is actually a prefered combination because it is not all the time our mode of payments  were using digital currency but we still have an offline payment. Therefore,  I believe that fiat will remain as is since there is still of greater use for now and crypto's are just beginning to be accepted by the people.

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May 20, 2018, 05:25:01 AM
 #59

The form of money evolves, there was a time when people use barter trade instead of paying in the form of money, then after some time coins replaced the barter system and as time passed those coins became heavy for those who gained more and so they introduced paper money but still coins are still used and up until now paper money and coins are still used even though new payment methods were introduced like payment through credit card, debit card and now the cryptocurrency. Even now there are still those who prefer to use paper money and coins instead of credit card or debit card, what more if it is cryptocurrency? So it really is hard to replace fiat currency because people got used to it thus making cryptocurrency just an option of payment and not a currency itself but if just everybody would accept cryptocurrency as a currency then it may replace the fiat money that we are using right now.

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May 20, 2018, 05:30:08 AM
 #60

I do not see crypto being used as much as fiat any time soon especially in developing countries. There are people there who could not operate even smartphones. They cannot use internet banking so buying and selling crypto is not a thing for them. Also, sellers will not be able to use it for receiving payments at such places.

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