Is cryptocurrency ever going to replace Fiat?

[Vjatri]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

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[ABYANSYARIF]

you already answer your own question, I am agree with you

[lifesgood10]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

Everything good takes time
And everything better takes more time

Let’s all wait for when it will happen
Till then
Make your trades, enjoy your deals and hodl your tokens

[p2pdotbet]

if it does, it won't in our lifetimes.

[patykuprova]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

Hello, my opinion, I say Yes, it's possible! The cryptocurrency will become a popular payment method, Today, technology is growing and awareness of people is rising, so we just need a short time! It also depends on the level of acceptance of the user.

[xOdiumNostrumx]

Nah, but it can play a big role in the worlds monetary system. The fact is that banks will be against it as it is endangering their existence. And its slow adoption and disinterest of the people will also be a big obstacle to overcome.

[Thomas petersen]

your statement is right. If we want to see cryptocurrency as fiat money it should raise awareness all over the world so that more people will involve in it. But as know that only 2% of people are aware of cryptocurrency, it will take a of of time to reach that position.

[Ayobami99]

There many fintech projects on the blockchain that seek to make cryptocurrencies a good substitute to fiat. The only thing that is making fiat have an edge over the fiat today is that they cannot be spent adequately for day-to-day activities.

[jcmansah7]

i think we would rather accept to use both and not necessarily one replacing the other. The world currently does not have the capacity to run only on cryptocurrency in everything that we do. Cryptocurrencies require the use of internet connectivity which places like Africa don't have much to talk about.

[ss890]

No. That is very much impossible thing to happen. Crypto currencies are not meant for that purpose because they are not having those characters which fiat is having. The fiat is very stable and regulated currency, they are systematic in their work and balances the economic stress properly. This is what we want from the crypto currencies first then only we can say that they will replace it.
Crypto currencies need to be regulated first, not just regulated but highly regulated one! They can get into the real world only after that and all we know that they are currently decentralised one and work on the public ledger. So its obvious that it wont work.

[lang shao]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

It takes time to learn cryptocurrency because cryptocurrency is based on technology that is quite complicated when done by parents and children. And cryptocurency cannot replace FIAT because FIAT is the legal state currency.

[bhadz]

It takes time to learn cryptocurrency because cryptocurrency is based on technology that is quite complicated when done by parents and children. And cryptocurency cannot replace FIAT because FIAT is the legal state currency.

It takes time to trust it and this is the reason why many doesn't take a part of it. But going to the part of cryptocurrencies replacing fiat money, I still can't say if its going to happen but there's a possibility but with certain pros and cons that the government has to study first. Though there's already a technology about having cashless transactions and we are bound there. Idea can be like crypto's which will the government apply soon.

[ND_INVEST]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

Yes, probably years will pass before we will be able to pay with cryptocurrencies for our goods and bills. But this day may not even ever come if people continue to treat cryptocurrencies the way they mainly do nowadays. Most of people in crypto community are holders and traders. They are interested in profits they can eventually hope to convert to fiat, not in replacing fiat. Our company wants to contribute to the adoption of cryptocurrencies. We will replace the payments that are currently proceeding in fiat into crypto payments, because they are a lot faster, cheaper and more efficient.

[Hammonds]

It will never happen because FIAT is a stable financial symbol of the country.
The cryptocurrency can only be used as a business and will never replace FIAT.

[wewe123]

It is very far for cryptocurrencies to replace fiat currency, this is because , cryptocurrencies are not fully recognized and accepted worldwide , so cryptocurrencies will be only used to high develop places with abundance of internet access.

[leosp139]

I think they won’t replace fiat money for a very long time. BUT there will be parallel economies independent from government’s violence and people will use all sorts of currencies to voluntary trade with each other.

Decentralization cannot be technically stopped (unless you destroy the Internet) so it’s just a matter of time when governments will become obsolete/irrelevant, and perhaps even slowly die out.

[11:11pas]

I don't think that will ever happen, it will be difficult if it's true, bitcoint is a bitcoint Fiat is still Fiat because each has its own role

[Mega Sardines]

I think this is never going to happen. Not in our age. You see many people especially those in third world countries do not have access to internet. Some dont even have a mobile phone. First, the government must solve the problem about poverty then maybe replacing fiat with cryptocurrency can be possible.

[wizardcrypto]

cryptocurrency  will replace fiat in the future . you will agree with me that the only thing in life that is permanent is change which is inevitable . the history of currency is changing from decade to decade ,in the old days there is what we called trade by barter where you have to exchange goods for goods , after then  it change to coins  as a mean of exchange , now recent time is now paper money as a means of exchange , we are now moving to digital money which is cryptocurrency.

[Shirin16]

This is true, for certain circles, they cannot enjoy this crypto technology, because it is indeed limited to the charity.
but it is not surprising that cryptocurrency today around the world has become a good spotlight and will be able to make very good developments in the future.
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[Jdragon6x6]

While cryptocurrency might be the future I dont think it can replace fiat. Fiat has been here for too long and has establish a lot just to be replaced by something new and fresh. Although I believe cryptocurrency will become an alternative instead of it replacing fiat. Fiat and cryptocurrency will go hand in hand one day.

[patykuprova]

In my opinion, fiat will be replaced by cryptocurrency but we need a long time to see this thing going happen. Because now crypto did not get government's agreement.

[EdenHazard]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

Nope, most likely cryptocurrency is used as an alternative payment system from fiat. This will also depend on the regulations of each government to accept or not to accept cryptocurrency. Untill now, government regulation is an obstacle for cryptocurrency to grow and be recognized by many people. For people living in countries where using cryptocurrency is prohibited, there will be a lot of media or information that expresses negative information about cryptocurrency.

[glasbren]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

If it's today then it won't be possible, cause the infrastructure isn't fully ready and spread globally. but when the infrastructure ready, then there is possibilities that people could choose cryptocurrency over fiat money.

[andrej.safronov.1990]

I believe that bitcoin will completely replace Fiat. As much as I strongly disliked the cryptocurrency, but it does not receive this extension, it simply does not give to do of the state.

[sinkfish]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

this explain pretty much everything on surface level.

[xuv500]

This is true, for certain circles, they cannot enjoy this crypto technology, because it is indeed limited to the charity.
but it is not surprising that cryptocurrency today around the world has become a good spotlight and will be able to make very good developments in the future.

[/quote]

You are right, fiat currency will not replace the real currency. Fiat will be helpful only for alternative payment system not for other purpose but this is a wonderful technology which will be very very useful in this generation. Crypto might not be popular today but in future it will rule the world.

[suprex333]

I think if crypto is difficult to replace fiat, don't be too hopeful, because there are still many people who don't understand crypto. Crypto is still considered rare and still takes time to develop and succeed.

[kanayaTabitha]

cryptocurrency is indeed a tool for online payments but its nature cannot replace cash or fiat. because to make cryptocurrency worth is to convert it to fiat. so it remains essentially turning into fiat. and the outline of cryptocurrency as a tool.

[Gelesko]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

I don't think it will totally replace fiat, as cryptocurrency is digital and you can't literally pay with it everywhere, as you mentioned there is no internet in most of places. Although may be in 100 years or so everything is possible, but I doubt it. Many countries government will fight for fiat money to exist

[sehoon]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

It's possible to be honest. But I think fiat money and cryptocurrency should still cooperate and operate. We can't live the other one while making great things with the other one. Since there are a lot of companies that accept bitcoin as a payment which is a great step for all of us and the companies.

[kipoel]

With all of the technological development and the habit of people who are changing to choose on online life, including on their daily transaction, there is high possibilities that cryptocurrency will be replacing the current fiat currency.

[matico]

The psyche of fiat is engrain in the mind and consiousness of populace all over tge wirld, it may be pretty difficult for large pecentage of people who transact daily and engage in economic activities to  totally do without fiat. But I believe future of transaction is not fiat but cryptocurrency payment system!

[michellee]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

Yes, I think so, but we cannot see this will happen in the short time because we need each government from all country to accepting cryptocurrency as a new currency for their country. As you said, we need an internet connection to access cryptocurrency, and without that, the small country cannot use cryptocurrency. So it needs time before this could happen in the future and I think the governments need to build more infrastructure so their people can easily to access the internet.

[maman09]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

for the near future I don't think that is possible, because after all each country has fiat currency protected by law. maybe we will need more than a decade to make this happen, but it is likely that it needs major changes, a kind of revolution for example.

[cfif123]

Crypto will not be able to replace fiat currency, because crypto is the user who knows that is still less than fiat currency users. so that whenever the crypto can't

[pinoy.bolanon]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

I would like to say my point of view, it will not replace FIAT in all matters even a hundred years of promotion, this is because FIAT is a government assets backed by GOLD, it is the only currency that is backed by the government. Talking about crypto, yes it can be a payment option only for most transactions only, but it does not mean it will replace FIAT in all sense.

[Volk-05]

You are right, then, to apply technology everywhere to pay in all industries most likely will take even not years, but a decade!

[Comino]

Would be interesting to see the statistics of number of transactions paid in crypto, compared to regular.  I guess, this percentage is still so small that it will take a very long time for crypto to replace the notes. Also, all  the countries would have to change their policies towards cryptocurrencies. And very poor countries are very far from buying bread with bitcoins. Therefore, there’s a long way to go

[talkbitcoin]

cryptocurrency as we know it today will never replace fiat. because cryptocurrency is two things:
- bitcoin which is the only currency that works fine but it is never meant to replace fiat so it will never do that.
- altcoins which are not even currencies to want to replace fiat and for many years we will remain in the same market where people are only interested in pumping altcoins more than anything else because of the money they can make from it.

[cryptothreads]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

I think this will never happen because Fiat is used by so many large countries and it has a huge impact on the economy of the country. Maybe Crypto will be applied in a certain field but will never be able to become Fiat

[tridverju]

I think it is going to be possible in the nearest future. There are coins, thats transaction speed is 10 times higher than by VISA or MasterCard, so I would use any Credit card that will allow me to pay in the same way, as by using a regular bank card.

[coin-investor]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

I haven't thought of a world where everything is virtual, so it's not going to happen, let me give you an example it's unimaginable you are on a far away place where there is no electricity and you have to pay for water, so what you are going to use, of course, fiat it's easy and common sense.

[Bitcoin1216]

Even though the use of crypto is expanding but I am sure that it is difficult to replace fiat, of course the government will do everything to maintain fiat because it is a symbol of the state.

[ihaveaquestion]

Even the slowest cryptos do still have advantages over fiat in some instances. They might not be great for instant transactions, but even BTC in its current form is miles better than transferring money between banks.

[YinShuiSiYuan]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

All changes in the human mentality need time. Increasing the awareness of people regarding the use of cryptocurrencies as a payment method will certainly have a positive impact on their greater popularity. However, decentralization may be the reason why financial institutions controlling the flow of money may be a resistance to the development of cryptocurrency payments.

[jonruhoax]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

the problem is, does the country not prevent that from happening? however we all need fiat money and especially about its legality. I believe crypto will become a mass transaction in the future but only on bitcoin and not for altcoins.

[alex_kir]

It is very good that people are now beginning to understand this, because very soon fiat money will simply disappear and, as you understand, today cryptocurrency simply will not disappear in any way, it is a fact that today does not jump

[iwah]

I don't think so, No matter how you might look at it, everybody will not use cryptos so fiat will always be on top, though a time will come when international transaction and transfers will be replace by cryptos because of the ease of use, but when it comes to local use, fiat will always be preferred among people so cryptos won't replace fiat.

[brusnika]

I think Fiat currencies will remain in the future, but they will be in smaller quantities. I doubt that state is so deign the cryptocurrency that dare to move away from state currencies. Fiat currencies, unlike cryptocurrencies, are 100% controlled by them.

[CoinCollect]

I think that cryptocurrencies may well replace Fiat money, but the problem is that it will take a lot of time.

[Bagaji]

NO!, cryptocurrency can never replace fiat as they are different entity which can co-exist to form a better economy for the world. With the advent of Blockchain technology cryptocurrency has display transparency over fiat but cannot replace fiat.

[powerman24]

Cryptocurrency is not going to replace Fiat but it will be used parallel. It will take for being mainstream.
Even global internet usage is 55% of world population having access to it, so there is long road to go for crypto.

[grumpy619]

To date, the cryptocurrency cannot be called promising as a replacement for fiat. It will take several decades, perhaps more, to implement this for mass implementation. While cryptocurrencies are expensive and not as fast as visa and MasterCard. Well, cryptocurrencies are harder to control , for governments it's unacceptable. They won't be able to prohibit, block transaction, deprive.

[Bonsaiav]

Cryptocurrency is not going to replace Fiat but it will be used parallel.

It seems that this will happen in the future because the acceptance of fiat currency can always be accepted more widely by various groups of society without exception, he cannot be rivaled by other exchange media, I think this's undeniable.

[jcojci]

Maybe if our life is full of digital technologies and fiat is transformed into digital, we can use crypto as the next payment system. I think in the future, this could happen since the technology will grow fast and maybe it's like in the future movie which people using the technology to help their life. But still, we don't know what will happen later.

[Tarion]

For sure and it is already taking place in several countries. But we need more products, that can actually replace fiat payments. When we will have such products, we can begin with the mass adoption and than payment system replacement.

[fuer44]

never, crypto is a new currency in digital form. indeed in terms of transactions, cryptobisa is said to be superior to fiat, but in terms of form, crypto cannot replace fiat. because digital certainly cannot replace the official currency of a country for all transactions.

[koralan]

In my opinion, crypto with great features could become the future of the financial industry. But now, crypto can not replace cash because the government can not manage and operate Crypto. In the future, with the advances of Crypto and the governments, I hope it will become a reality.

[active706]

There is a lot of advantages of crypto over fiat money. Fast, safe and cheap transactions will replace nowadays money. Yes, of course, it needs a lot of time to world cryptonization.

[Whosdaddy]

While cryptocurrency might be the future I dont think it can replace fiat. Fiat has been here for too long and has establish a lot just to be replaced by something new and fresh. Although I believe cryptocurrency will become an alternative instead of it replacing fiat. Fiat and cryptocurrency will go hand in hand one day.

Even with cryptocurrency being the future of payment, it obviously will not cut across every faction globally, and it would even take time before we even started seeing a wide usage as some are limited to technologies and facilities that would not make them even have an understanding of what cryptocurrency is.

What i see is that cryptocurrency will end up being an alternative to fiat when it comes to spending. There would be some group in the world that would obviously get to be using cryptocurrency for their daily lives and there would be some that would most definitely be stuck with fiat or mixing both one way or the other.

[waser12]

Do you remember pizza for 10000 btc and silk road. It was a beginning off goods/crypto exchange and crypto became a mean of payment. Everything in your hands, popularize crypto and you will see that in a few years people forget about fiat.

[Psec]

No, I don't think so. We truly need both of them and we should not forget that fiat currency is part of a country sovereignty which will not be easy to take away from any country unless we all come together for one world digital currency.

[Vanderbleek]

There are a lot of project that are moving towards this goal. And I hope we will finally see a lot of great products that will replace the fiat money system. For the replace to take place, we need to achieve the mass adoption of crypto currencies and this step would only be possible, when the products will be ready to use.

[gudjhonson]

Until now Crypto had not replaced Fiat in terms of transactions in traditional markets, but when online Crypto was able to become a priority for long-distance and fast transactions.

[greenclub09]

there have been many suggested that cryptocurrency would be able to replace fiat in the future, but until now, there has not been a single coin that can grow and sustain so that it can compete with Fiat. So I believe that cryptocurrency will never be able to replace fiat unless they become perfect and convenient for us to use.

[rachman mahesa]

there have been many suggested that cryptocurrency would be able to replace fiat in the future, but until now, there has not been a single coin that can grow and sustain so that it can compete with Fiat. So I believe that cryptocurrency will never be able to replace fiat unless they become perfect and convenient for us to use.

that's very true, I've also heard that cryptocurrency will be replaced with fiat. But I think cryptocurrency. So we just wait for crypto currencies to be replaced by fiat will continue to survive for quite a long time.

[shinratensei_]

there have been many suggested that cryptocurrency would be able to replace fiat in the future, but until now, there has not been a single coin that can grow and sustain so that it can compete with Fiat. So I believe that cryptocurrency will never be able to replace fiat unless they become perfect and convenient for us to use.

that's very true, I've also heard that cryptocurrency will be replaced with fiat. But I think cryptocurrency. So we just wait for crypto currencies to be replaced by fiat will continue to survive for quite a long time.

Go to the reliable news site and watch the whole news about that. you are talking bullshit about that.
1 lack of regulation support from the government.
2 It's not even getting wide adoption from a lot of merchants or companies.
3 Not enough scalability
4 volatility

Does sound make sense for you to replace the fully regulated stable real currency just like fiat with crypto right now? some people said it's almost impossible.

[prtty2gal2]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

Yes, I think so, but we cannot see this will happen in the short time because we need each government from all country to accepting cryptocurrency as a new currency for their country. As you said, we need an internet connection to access cryptocurrency, and without that, the small country cannot use cryptocurrency. So it needs time before this could happen in the future and I think the governments need to build more infrastructure so their people can easily to access the internet.

We will not even see it happening at all. It is not like we can see the future though, but it is one thing to be realistic and know that no matter what government worldwide will not just allow decentralization which is what cryptocurrency is all about to just be in the front light for everyone to use and then getting to see fiat being discarded.

We all know how government wants the control and the way I see it, cryptocurrency will apparently just go hand in hand with fiat, while the space is regulated so as to curtail some negative activities within the space.

[Altryist]

Of course, it’s only a matter of time that it will happen, I think that it’s not so long to wait, everything can happen very quickly in our rapidly changing world. Now any new technology very quickly takes place in our life.

[iyke12]

It is a very long shot, but remember the only constant thing in the world is change, which means anything can happen regarding cryptocurrency. The fact that people want financial freedom and decentralized mode of payments which is offered   by cryptocurrency shows that it is surely going to be a reality. Replacing fiat? A very long shot but is not impossible.

[ridertiger]

I think all we need is more adoption. For that, we need tv ads and an easy way to register for crypto through banks or something.

[Pamahaw]

Cryptocurrencies are much more reliable than fiat currencies. In a few years when the governments of all countries realize how profitable this may be for them, cryptocurrency will forever replace paper money.

It may replace fiat but i think it may take some time. Volatility of cryptocurrency will make it hard for government to control and regulate it.

[shiming]

When a new technology emerges, it replaces old things. He needs to go through a long time, similar to evolution. To adapt to the user, it can be accepted by the society. It takes time. The blockchain takes time to adapt to the world.

[Cofee.BLUE]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

Cryptocurrency is the future but not all the payment. Just think of isolated areas in different countries that does not know about the idea of internet? even we are on technological age we cannot deny the fact that there are still some group of people who does not welcome the uses of technology such as tribes for example Africa and Asian countries who are known as a very cultured countries. It would take a long long time for fiat to be a cryptocurrency.

[SneakyLady]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

Smart-phone and internet accessibility is growing. SpaceX's project "Starlink" plans on using satellites to provide a global broadband internet service. This coupled with growing network bandwidth will allow for universal cryptocurrency use faster than we think..

[AutoBlockX]

While cryptocurrencies are without a doubt taking over the financial market, it will take a lifetime for them to take over FIAT currency in the real sense. The fact remains that fiat has been around for centuries and people are comfortable and used to the idea of giving paper money for services/products. Moreover, a lot of cultures aren't ready to adopt cryptos because they think there's something wrong with it. But whatever the case, if it does happen, it will take a really long time.

[Vektrum]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

Cryptocurrency can never replace the national money of states. It is designed to create an alternative payment system, and not to replace the existing payment system. Due to many reasons, including high volatility, decentralized cryptocurrency will never replace fiat. Here our desire is small. Cryptocurrency can not support the development of the economy of a particular state, because it has nothing to do with it. Therefore, governments will never decide on such a replacement.

[jinnyjinny]

I doubt that cryptocurrencies will be able to replace Fiat in the near future, the current technical characteristics don’t reach  the required level to cover the needs of mankind. May be in 10-15 years , not now .

[kramchers]

For me, FIAT will be replace by cryptocurrency in the near future.
We have seen the world and the technology is unstoppable.
It will be a good thing to be ready in the future.
We must be ready! its a sure thing, it will be better.

[utlptc]

There is a big opportunity to replace fiat but that will need some more 10 years at least and a lot of correction in cryptocurrency. As Govt. is not willing to accept cryptocurrency in a good way, replacing fiat will be one of the hardest for the cryptocurrency.

[Turkish88]

FIAT dont be replaced by cryptos.
If digital moneys can replace fiat, they happened when developed first card system like visa mastercard.
And fiat is most untrcable, nobody register your name when you shop

[NeuroticFish]

Fiat as we know it will not be replaced by the crypto currencies like Bitcoin.

~but~

Fiat is money for which the government decides (more or less directly) its value. Crypto is easy to build up and handle.

Just look at Venezuela. Centralized, government backed crypto is cheaper than bills and doesn't require expensive 3rd party (like Visa, WU..) and it's not unlikely to see in a not so far future such crypto coins become the new generation of fiat.

[toonwer]

Cryptocurrency is the next phase in the money evolution. Eventually all fiat money will be replaced by cryptocurrency. It's cheaper, easier for tracking and blocking if algorithm allows. Dream of any government.

[Treasurer]

Many people don’t have the Internet, others don’t know how to use new technologies, and still others - the elderly, who don’t see well and don’t understand well in order to use such complex technologies as the blockchain. How will such people use cryptocurrencies and who will refund their funds if they forget / lose their wallet address or steal money from them? I don’t think that cryptocurrencies will force out Fiat, but they can exist with it at the same time.

[stiffbud]

It is very far for cryptocurrencies to replace fiat currency, this is because , cryptocurrencies are not fully recognized and accepted worldwide , so cryptocurrencies will be only used to high develop places with abundance of internet access.

I don't think so that cryptocurrency will ever replace fiat. I mean it could be possible but in near future that thing doesn't happen. Their are a lot of consequences behind this. First of all crypto-currencies is not accept worldwide, it still ban in many country and it is still it doesn't fully legal. Another reason behind is cryptocurrency are highly volatile in nature and because of this it price fluctuate time to time and this thing ultimately affects the global economy. And cryptocurrency complex nature is one of the main reasons behind this topic.

[Lilmon]

I hope so, every day I use more cryptos for my daily operations, I only use fiat for day to day business and to pay for services, but there are more and more locals accepting cryptos and if the price remains stable as now, I do not think we have any problem in continuing to push the adoption en masse.

[EvgeniyBH]

If necessary, the cryptocurrency with ease in a relatively short time will be able to force out fiat money. It is possible that this option is considered among others.

[aencarnaci]

Do you remember pizza for 10000 btc and silk road. It was a beginning off goods/crypto exchange and crypto became a mean of payment. Everything in your hands, popularize crypto and you will see that in a few years people forget about fiat.

Do not deceive yourself mate as I believe there is no one who will end up forgetting fiat for anything at all as it is not everyone in the whole world that will basically have access to the crypto space due to one limitation or the other, and even for those who are in this space now, even with real life usage, there would still always be that occasion when fiat will be needed, and in that case, I believe what we will eventually see would be fiat and crypto space going hand in hand, and all those things about cryptocurrency replacing fiat, is something that does not sound plausible.

No, I don't think so. We truly need both of them and we should not forget that fiat currency is part of a country sovereignty which will not be easy to take away from any country unless we all come together for one world digital currency.

We will always need both of them. This has been mentioned several times on this forum and plenty of reasons given as to why cryptocurrency will not be replacing fiat. Asides from the fact that government will find a way to limit it based on the fact that it is a decentralized space, we will still get to see the avenue in which not everyone will be knowledgeable enough to be able to easily utilize the space to their own advantage, so at the end, it would just be some faction of people using fiat and some using cryptocurrency.

[Sadyshagg]

Cryptocurrency is forever changing. I can't wait to see what Bitcoin has to offer in the future.

[queennathalia]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

No, Of course we still need fiat (cash) because the cryptocurrency is only a medium exchange to be a digital currency our cash. So what if all the money or fiat are gone? Where we can change our money? The other will answer my question "Of course in the exchange site" My point is what if our grandmother or grandfather doesn't know about the crypto? For example, Grandfa I will give you 50ETH so you can buy any want now. And grandfa said "What is 50ETH? Is that a new form of money?" How do we explain to them?

[Pline]

I don't really think so, crypto won't replace fiat at all,but can replace a small part of transactions. This is how I see it.
Gradually increase of crypto transactions and probably like 20% of fiat transactions will be replaced

[Nggedebus]

Of course it can, i think it already happening today, as people choosing to make a payment using debit or credit card, that thing is similar to cryptocurrency.
But the implementation seems to be still waiting for the people to fully understand and trust the cryptocurrency.

[DikkieD]

I may very well replace fiat in the distant future. Not 100% any time soon though, I suspect a lot has to happen still, and we are just at the earliest beginning. But, gaining this much attraction from big companies, banks and other financial institutes, governments and average joe's is very promising .

[amaydel]

Satoshi Nakamoto once wrote on his historic white paper about his vision on his peer-to-peer electronic currency system in the name of bitcoin. Yes, bitcoin has become successful in some part of its vision but it can't also be denied that bitcoin has drawbacks too that can be a hindrance to replace fiat.

[Dimm_bounty13]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

This is only one side of the problem. There're many other difficulties, e.g. many projects have no usable interface, so to transfer money a user must have tech.skills, which is very hard and unclear for most people!

[tterrorpipa]

Still the fiat lives, because we need also a physical money and also a digital money which is a cryptocurrency. We need both of this currencies on our daily lives. Because not like all the stores right now are accepting cryptocurrencies as their mode of payment upon their products.

[inwas797]

It should take a lot of time for this to happen because now there is a very big confrontation between banks and crypto-currencies.In the future, when the financial literacy of the population increases and the Internet becomes available everywhere,then you can expect that the cryptocurrency will replace Fiat.

[karthcrypt]

This is a popular question that have been argued back and forth!  Will cryotocurrency ever going to replace fiat? My answer to this question is that credit card partially did and I don't see why cryptocurency can not!

[kier010]

i think no. crypto is very unstable compared to fiat. why not think that both crypto and fiat can coexist. why do they want crypto to replace fiat.

[Sendi blackspade team]

i think no. crypto is very unstable compared to fiat. why not think that both crypto and fiat can coexist. why do they want crypto to replace fiat.

yes, I agree, I don't think that will happen. all of them either crypto or fiat have different functions in the future. although both as a means of payment in addition to investment assets I think crypto will still have restrictions for its use so as not to harm fiat. because if everyone changes to crypto I think fiat will disappear from the world.

[kotajikikox]

I agree and i strongly believe cryptocurrency will replace fiat in the future, unfortunately need to accept fiat is very important use around the as of now, Mass adoption of cryptocurrency is the way to open the door to replace.

[AdamRay]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

I know electronic money is one of the new things and is being highly appreciated. But it can not replace fiat money. fiat money has a lot of different meanings. It is historical and you can not use technology to replace it. That is my own opinion.

[tins]

i think no. crypto is very unstable compared to fiat. why not think that both crypto and fiat can coexist. why do they want crypto to replace fiat.

yes, I agree, I don't think that will happen. all of them either crypto or fiat have different functions in the future. although both as a means of payment in addition to investment assets I think crypto will still have restrictions for its use so as not to harm fiat. because if everyone changes to crypto I think fiat will disappear from the world.

I think many people after learning about Bitcoin and crypto at the beginning, they all read that this is a new means of payment and not dependent on the government. However, crypto does not simply pay off as it used to

[Naitik]

The world is heading towards a great revolution where a modern world needs a better and faster solution to the transaction of money. As cryptocurrency is providing a much reliant solution to this problem. But the main problem is that the crypto is not much secure as it is required to stop cyber attacks.

[EducoinVietnam]

Of course there is a possibility that we really will face it. It seems to me that due to the fact that cryptocurrencies have been in a stable position for a long time now, we can assume that they will be used daily in the next couple of years

[kidbounty]

as long as the government does not legalize crypto, fiat will not be replaced. because without the intervention of the crypto government it will only be an investment tool.

[Isuk]

Crypto is a very good modern currency, but I think it will not replace fiat. They have their own function, fiat is fiat and crypto is crypto. We still need fiat currency in our daily lives, so I think cryptocurrency will never replace fiat.

[bogacola]

Fiat currencies will continue to dominate as long as there are nation states and governments are powerful enough to enforce their laws.

[zedaq]

Those people who still believe that cryptocurrency still cannot replace fiat money, I think that all this will change very quickly, because today cryptocurrency is probably one of the fastest growing tools for investing.

[stayeduptolate]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

Crypto investments are one of the fastest growing investments in the world but I don't think crypto is ever going to replace fiat simply because of the huge acceptance of fiat. It is backed by the government therefore fiat are accepted everywhere in the world. I don't think Bitcoin would ever be able to become that much popular.
Another advantages of fiat is its offline use. Fiat transactions don't require the use of Internet whereas Internet money is nothing without Internet.

[Hiylchis]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

It seems to me that cryptocurrencies were created for this purpose. But when this will happen now of course is unknown. Think we will be enough a couple of years to understand what eventually will happen

[hellyah070]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

No, it will not going to happen, in the first place, cryptocurrencies are decentralized, it has no third-party that can interfere with its transactions such as banks, financial institution, tax related organization and almost anyting. Unlike the fiat, there is something that has an access in order to take a control of it.

[StarofBTC]

as long as the government does not legalize crypto, fiat will not be replaced. because without the intervention of the crypto government it will only be an investment tool.

Even if government ends up legalizing cryptocurrency, it will end up being regulated and of course it will be limited in a way, so whichever way, there would always be a room for fiat.

Government love being in control, and trust me, there is absolutely no way they will make fiat end up being rendered useless, and even if they do not, there is actually no way fiat will become useless in the long run, as this is a system and one way or the other, it will keep being there and in the end, cryptocurrency will just be another alternative form of payment but we all know not everyone will end up using it due to some limitations or the other globally, and that simply still keep making fiat relevant.

[zerocashdev]

If we talk about the present time, the use of cryptocurrency in everyday life will not be used now because the cryptocurrency is highly volatile and not profitable to use 

[ricardobs]

Of course there is a possibility that we really will face it. It seems to me that due to the fact that cryptocurrencies have been in a stable position for a long time now, we can assume that they will be used daily in the next couple of years

You guys should stop deceiving yourself, this cannot happen. Over time, as the world keep advancing with blockchain technology, there is a huge possibility that most countries will move to using the blockchain technology to put together a proper payment system rather than printing paper currencies, and in this case, there would be more of a migration, and in the long run, we will just see cryptocurrency and these new form of fiat being in coexistence over time.

Hence the idea of trying to think that at some point in the long run, cryptocurrency will get to replace fiat, is not something that can be possible.

[Suslura]

If we talk about the present time, the use of cryptocurrency in everyday life will not be used now because the cryptocurrency is highly volatile and not profitable to use 

in any case, we must pay attention to the value of our national currencies against the dollar. There is a certain price and it is almost always stable. But Based on this, we can make some purchases and sales, but what will happen if we make a replacement for real money for cryptocurrency, if the market jumps like today, then we can all be homeless on the street.

[akunta]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

it supposed to be a project that aims to change the future ona fundamental way. so no doubt it will take years. i am sure we are young enough to wait for it though the changes will follow soon

[organelles]

Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.

It will but I do not think that it will be this generation that ends up using it, there are just way too many people who are backing fiat right now that it is going to be next to impossible to get them to give up something that they can hold in their hands in favor of a currency that only exists on the internet, not to talk of the fear of losing all of their money to scammers, it is just too soon