Is cryptocurrency ever going 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.

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[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