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.

[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.
[/quote]