In the future, will fiat currencies be necessary in the world?

[shoreno]

Turn around, fiat is not necessary even now.

Lol are you sure ?  But why i still have my fiats now ?  Why people on our place still use fiats more than crypto ?

Some people dont use cash for a long time,

Thats true but they are mostly rich people that prefer to use credit cards or debit cards  .

everything is on cards of some sort.

Not really  .

In some countries that are opened to cryptocurrencies people dont use cards at all, or any form of fiat, they do almost everything with crypto.

Here on our crypto i can say that crypto is fully legal and accepted but people still use a cash and as well as credit/debit cards  aside from cryptos .

Technology is making huge steps in short time, future is already here for some people, some of us will need to wait, but it will spread to entire world.

Your right .  it takes some time to some to fully adapt new technologies  but soon it will spread  

[1715272149]

1715272149

[1715272149]

1715272149

[1715272149]

1715272149

[1715272149]

1715272149

[GJ.COM]

it will probably disappear with cash together

[coin-investor]

Can be applied to first world countries, but not possible in second or third world countries, where internet is not available, we still need fiat imagine you are from a first world country and you are travelling to a third country and you only got Bitcoin or cryptocurrency, where it has no value on that region.

[Falgorn]

The usual national currencies of various states will exist as long as these states exist. However, the form of these currencies may vary. Therefore, it is possible that in the very distant future, the paper money of the states may disappear and will be replaced by their other types. However, they can not be replaced by cryptocurrency, because cryptocurrency will never become national money.
At the same time, in the near future, paper money of states can gradually disappear only in the most highly developed countries with a very high level of income of the population.

[Findingnemo]

Can be applied to first world countries, but not possible in second or third world countries, where internet is not available, we still need fiat imagine you are from a first world country and you are travelling to a third country and you only got Bitcoin or cryptocurrency, where it has no value on that region.

Almost 200+ countries having traders from bitcoin to covert into their local fiat and you can find them on LBC.

And usage of smart phone increases tremendously in the last two years so it won't take one or two more year to invade the whole country it means internet will be there.

[desticy]

Most of all, it seems that we are moving in the direction of a certain kind of digital camp. Gradually, we abandon the physical money transferring them to digital media. In the future, these may be chips with a complete set of our personal data.

[Ryan Dugan]

If tax was paid to the government in crypto then we could see how it is spent and exactly where. THis can stop so much curruption and wasted money. Noone will be able to hide what they doing with the taxpayers money it will be completely transparent which is a good thing as a taxpayer to know my hard earn crypto is being put to good use.

Most of all, it seems that we are moving in the direction of a certain kind of digital camp. Gradually, we abandon the physical money transferring them to digital media. In the future, these may be chips with a complete set of our personal data.

It is inevitable and everything will be virtual soon. So much already is. No so sure I like the chip idea nut there have been movies about it.

[geegaw]

Most of all, it seems that we are moving in the direction of a certain kind of digital camp. Gradually, we abandon the physical money transferring them to digital media. In the future, these may be chips with a complete set of our personal data.

Exactly as you say, our world is moving towards the development of technology, we are using more technology, old products are gradually removed but you should look at countries that are very developed, even growing very well, cash or physical currency, it is still circulated every day, and the reason to use these tools is that it is simple and effective quickly. Agree that digital media can also do these things very well but the device and the connection have certain requirements, it is only suitable for large transactions, small transactions, fiat is still indispensable

[Ayiranorea]

Unlike the growth happening digitally the usage of fiat currencies all around the world will continue. Future of bitcoin cannot be predicted in a precise manner, it is good to predict and move forward along with the digital growth. With this one can be adoptive to the technology as well to the traditional system.

[arifteguhr]

Can be applied to first world countries, but not possible in second or third world countries, where internet is not available, we still need fiat imagine you are from a first world country and you are travelling to a third country and you only got Bitcoin or cryptocurrency, where it has no value on that region.

Almost 200+ countries having traders from bitcoin to covert into their local fiat and you can find them on LBC.

And usage of smart phone increases tremendously in the last two years so it won't take one or two more year to invade the whole country it means internet will be there.

in my opinion however the development of the internet world is either enlarged or not, I think that fiat money will still be used in the future. because fiat money is certainly still useful for small people who certainly do not know or use the internet. because as we know, not everyone uses the internet for transactions.

[thehun]

To answer this with precision I need to ask the following question: are stablecoins (with a value tied to a physical currency) to be considered fiat?

Because the main problem of crypto (price instability) is being solved with stablecoins. Of course, this brings in new issues such as the need to trust a third party to back the coins with something, but that is a different matter. The fact is that you can hodl BTC, ETH or whatever you wish and from time to time buy some stablecoins to carry around in a mobile wallet and pay for everyday stuff, without the need to have a bank account, credit/debit card or cash in hand.

[Best Dreams]

it will probably disappear with cash together

For me fiat is almost vanish from the world now, as there people use only digital currency the most as compare to fiat, in some place people use fiat but only under some specific circumstances otherwise as per need of day fiat and cash has lost their value and digital currency took important place in market.

[Fedrey]

First of all, we must take into account the fact that most of the population of the planet consists of elderly people and people who are already very old.  Cryptocurrency is a field of activity for young and technologically advanced generations.  On the basis of But, I can assume that paper currency will still be in use, since it will be in demand by most of the population of the planet.

[microbb8]

With the advent of electronic cards, people are less and less paid with fiat money. As an entrepreneur in the field of trade, I know for sure. I think that the development of crypto is the future economy.

[Mig-23]

There will be no necessity for fiat money if everyone knows and have crypto currencies.

Until that it is needed for surviving our daily life,for groceries,for paying bills and much more.

[Duzter]

Fiat currency usage will continue forever unlike the growth and advancement that is taking place around the world. We have been using fiat for a long time and further evolved the digital payments gateway with the usage of cards and other forms of wallet transfers. On account of the same people started using the new forms of service, but didn't quit the usage of fiat. This confirms the need of fiat currencies in the world.

[xSkylarx]

Fiat currencies will continue to exist. Not everyone are blockchain or crypto literate to force them to use it. Also there are some countries where internet connection is not that fast. If that would really be implemented, countries with slow internet should do something about that first.

[Cherylstar86]

With the advent of electronic cards, people are less and less paid with fiat money. As an entrepreneur in the field of trade, I know for sure. I think that the development of crypto is the future economy.

  I don't doubt about bitcoin's capacity to outgrow persistently bountiful in the future as it had developed promisingly. But I think using fiat currency will continue to explore in our daily necessities and for an urgent matter as it had been part of our daily lives.

[etherixdevs]

With the advent of electronic cards, people are less and less paid with fiat money. As an entrepreneur in the field of trade, I know for sure. I think that the development of crypto is the future economy.

  I don't doubt about bitcoin's capacity to outgrow persistently bountiful in the future as it had developed promisingly. But I think using fiat currency will continue to explore in our daily necessities and for an urgent matter as it had been part of our daily lives.

what about fiat currency using blockchain technology? I think that they will turn into this. Governments and Central bancks could transform Fiat into global stablecoin backed by technology but centralizing it and controlling it. So like it is now, but safest.

[sulendra12]

For me fiat is almost vanish from the world now, as there people use only digital currency the most as compare to fiat, in some place people use fiat but only under some specific circumstances otherwise as per need of day fiat and cash has lost their value and digital currency took important place in market.

Really? Then tell me which country are already "fully" developed by digital currency where they don't want to use flat anymore. You can't forget flat as your main payment source  and do you ever think about those 60y.o people that probably they don't know about crypto and uses flat as their currency. Don't be ego.