Crypto replacing fiat?

[beezare]

I think, Crypto will not replace flat because every country has their own currency and will definitely use it because it is safer than cypto which has a high risk and is not safe

[Bitlife81]

Although some goverment or company in the world do not approve the Crypto but in think in the near future, it will be accepted and replace the role of fiat in the economy or banking.

[stely]

Although some goverment or company in the world do not approve the Crypto but in think in the near future, it will be accepted and replace the role of fiat in the economy or banking.

I do not think,but if it happens In the event that cryptocurrencies all-out replace fiat, new infrastructures and systems would need to be developed quickly to help the globe transition as smoothly as possible.

[kniheant]

i think it can happen,because we cannot really say what will happen into the next years we can just predict them but not really to know. There are a lot of things that can happen so lets just watch them fall into places and lets dont rush things.

[V1saya]

This is a possibility in the near future. Although it would be very hard to completely abolish fiat money as there are many places that don't have access to internet and signals.

[newbie-hero]

Crypto cannot be used in traditional markets and even crypto cannot be used in the purchase of cheap items such as candy. If you buy candy for the 5cent price and a transfer fee of 25cent, it is a great loss to buy a candy using crypto. Fiat will still be used as a payment tool and crypto is only used in-store payments that accept crypto

Definitely yes. More than half the population of the plant never heard about the cell phones and smartphones, and they will probably never use the cryptocurrency. Fiat will never die.

[Xenoph0bia]

it seems that it will not happen because the circulation of cryptocurrency is very different and it will be very difficult to be able to replace Fiat because not many people can know about the benefits of cryptocurrency usage.

Not many people know about the benefits of cryptocurrency usage the present but many will know in the future. I think that is not the main reason, if society has evolved to a stage, what will be will be.

No I don't think that cryptocurrencies can replace Fiat currency because Fiat currency is used by all the people of the world and it is accepted internationally.All the transactions are done through the Fiat currency only.Fiat currency is centralised and Central banks in government support it.On the other hand cryptocurrencies are banned in some Nations and are decentralized so no Central Bank supports them.The market of cryptocurrencies is also decreasing as the prices are not rising from some time now.

[Bumblecoin]

Personally, I will never see this happen. Crypto will exist but fiat will exist as well. They will co-exist because they have different features.

We both need fiat and crypto. In my opinion, we can reap the benefits of both crypto and fiat so why any of the two should disappear?

I too, believe in what you have believe fellow. It is true that crypto currency will not replace fiat. We feel more secure if the cash is in our hands or if things are tangible as compared to intangible.

[Larva14]

y

may not replace fiat, but there will be a method of payment using crypto. because we know not all around the world who know about crypto. perhaps in developed and developing countries may happen but fiat is not possible to replace.

Yes it cannot replace fiat cause not all people knew about in cryptocurrency but you can use your crypto in online payments . Bitcoin is continues develop and become more progressive but it never replace fiat.

[dante golo]

I think the government has made regulations for digital currency in the future when it starts to be used as a payment instrument so that as a population, they cannot use it arbitrarily and surely their lives will be more organized in the future.After obeying the regulations that have been set by the government as well as possible.

[gurupauts]

I think, crypto cannot replace a flat because the official currency is more needed to make payments, not everyone knows about crypto so we still have to exchange the crypto we have into the flat to be able to buy something

[Muspion]

it takes a long time if crypto replaces fiat currency or local currency, the government must first legalize crytpo currency, only then can it compete with fiat currency

[Ekimzjames20]

it takes a long time if crypto replaces fiat currency or local currency, the government must first legalize crytpo currency, only then can it compete with fiat currency

For me, no replacing to each other because it is defferent forms, althrough it is the same money but the crypto is a digital currency. I think crypto and fiat will the same alive forever, no competation to each other.

[Golftech]

it takes a long time if crypto replaces fiat currency or local currency, the government must first legalize crytpo currency, only then can it compete with fiat currency

For me, no replacing to each other because it is defferent forms, althrough it is the same money but the crypto is a digital currency. I think crypto and fiat will the same alive forever, no competation to each other.

Same can exist and can be usable even in the  future of currency as many still comfortable using fiat and most of them won't like to change the way they understand the currency, digital money will be used by the digital world as  crypto can be the future of coming generations, it can be adopt sooner and can be an alternative for those who fully understand the benefits.

[alp]

Lets say crypto completely and utterly replaced fiat. Fiats don't exist anymore. All governments have seen the advantage of using digital currency and have completely changed their fiat into crypto, like dollar to dollar token(obviously not tether). How viable is this? For example anyone can see how much I am holding using the public ledger and track me down and force me into sending them the cryptos I hold. I wanna discuss in reality if cryptos actually replace fiat how life will be and what are the problems we are gonna face and the immediate effects of it.   

Yes, you are right to say that everyone can see that this wallet is a certain amount. The only disadvantage of the whole crypto history, if it becomes centralized, i.e. everyone will see that this wallet is assigned to your name

[tommisetiyawan]

I think fiat will continue to exist anytime, because crypto is a digital currency that is created for transactions online or via the internet, if fiat money is extinct and there are some people who do not have the tools to access the internet they will not be able to buy an item.

[mware]

It will not replace, it will become the new concept of money earlier than 50 years. Fiat currencies allow the government to have a large amount of control of their economy. They can decide to print more or take some out of the economy through banks. A cryptocurrency would have to be linked to their fiat currency and be totally controllable, for a government to allow it in place of their fiat, but that would basically be a fiat anyways. So we would need new legislation or new governments.

[tintinbongs]

Well actually that is crypto aim to replace fiat someday so that it will be a cashless world. No fiat need to use but all through digital money. Soon it will be.

[raidarksword]

I guess not.  Fiat currency still exists in daily basis because it's still useful to some people that didn't adapted bitcoin as their second choice of payment but most importantly their existence is the most significant progress on how currency evolves with the help of blockchain technology.

[Agniya]

I think, sooner or later, the cryptocurrency will completely replace Fiat. I do not think that this will happen soon, but all the same.