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

[criza]

Fiat is widely use and universally accepted by anyone on anywhere in the world unlike its counterpart, the digital currencies. Although there are many people that has already an access to digital currency, still, not all do have an access to it, and worst, aware of its existence. Thus, despite the cryptocurrencies' potential in the market and its endless possibilities and breakthroughs, still, fiats are necessary in the world. Fiats are currently in necessity and in great function. We cannot say yet that fiats will become unnecessary in this world unless already is happening.

[ninokh]

I never thought that crypto could replace fiat money. because fiat money has been used for a long time. and each country also has a national currency. and most countries also reject cryptocurrency. because the government does not like things that cannot be controlled. and also not everyone has internet access to use crypto. so in my opinion fiat money will always be needed for exchange and payment.

[Micerker]

FIAT is the origin of all exchanges and transactions. FIAT plays a significant role in our lives, and I think its existence is necessary. FIAT is currently the most critical material that determines every aspect of the Crypto market, so it's essential.

[Argoo]

Interest Ask. For the last two thousand years, mankind has perfected financial relations, as a result of which banknotes of various countries appeared, and here they suddenly declare that it turns out that we were developing completely in the wrong direction and that we absolutely do not need national paper money.
I dare to assure that the national money of the states will exist as long as the states themselves exist. Cryptocurrency will not significantly affect the circulation of paper money of various countries.

[santiPOGI]

It is necessary as long as internet is not available for all people and they have no access nor gadget to use.
Digital currency is a fast phase technology that will change the world for better.
But never set aside many people who are not ready with the technology.

[TRONTON]

capitalization of the currency market is still very dependent on fiat, and it has been structured for thousands of years with very complicated protocols. the government can develop with fiat and the welfare of their people. as long as the crypto currency is not massive it is used familiarly with a percentage above the average for each country. then fiat will still be the best.

[gorodi]

In my opinion. until any time the fiat currency will be needed and used throughout the world. technological advances in the financial sector will not affect the existence of fiat currencies. Digital currency is used to facilitate everyone in choosing transaction tools so that our work will be easier. and fiat currency is used for people who do not have a digital currency.

The traditional money is very convenient. You can use it like cash or a credit/debit card. Fiat does not need the Internet, and if you work with crypto, you must have it. Thus, the usual currencies will live always.

[Marcsymon]

Yes very necessary because every country has its own fiat that are used to live life to the fullest. And besides traditional fiat are very convenient to use anywhere we want to spend or invest it and no other gadgets that need to acquired to like internet, cellphone or etc. So fiat is very important and necessary in the world to make people live easily.

[pedangrusak]

technology that supports crypto is still developing and many small countries still don't know crypto, so fiat will continue to be used until crypto can replace the full role of fiat, but it takes a long time and a lot of new infrastructure is built

[jambul_kribo]

technology that supports crypto is still developing and many small countries still don't know crypto, so fiat will continue to be used until crypto can replace the full role of fiat, but it takes a long time and a lot of new infrastructure is built

Correct that not all small countries and regions know about Bitcoin because in some areas I still don't understand Bitcoin at all until now. Everyone still expects paper money to be able to buy what they want or exchange the items they like.

fiat currency would not replace by any digital currency.it would not happen, although cryptocurrency has many advantages and benefit but whenever people still using fiat.and government would not allow other currency replace their currency.its representated economic power of their country.

[nur rochid]

technology that supports crypto is still developing and many small countries still don't know crypto, so fiat will continue to be used until crypto can replace the full role of fiat, but it takes a long time and a lot of new infrastructure is built

Correct that not all small countries and regions know about Bitcoin because in some areas I still don't understand Bitcoin at all until now. Everyone still expects paper money to be able to buy what they want or exchange the items they like.

fiat currency would not replace by any digital currency.it would not happen, although cryptocurrency has many advantages and benefit but whenever people still using fiat.and government would not allow other currency replace their currency.its representated economic power of their country.

same as in my country, which plans to legalize cryptocurrency as an investment tool, not as a means of payment or transaction. in the near term it is difficult to happen, but at least there is a development where our hopes can all be achieved later

[barabarian1]

I think fiat will definitely be needed by the world. I realize that the development of cryptocurrency is very good in the world. but all that will not be able to eliminate the fiat currency. I think cryptocurrency is a digital currency that has fluctuating properties. while fiat currencies have high stability. and the value of the cryptocurrency is determined by the fiat currency. so I think it will be difficult if the fiat currency will be lost and completely replaced by cryptocurrency.

[Rashid555]

Fiat is very important and it is better for the normal lives i would like to say that bitcoin is very good and profitable for investment rather than investing in fiat people were investing in Dollars and pounds but now the trend is changed and people happily invest in it. So it shows importance of fiat that now people pay fiat for investing in crypto.

[rafi035]

maybe at this time but not yet in the future all possibilities can occur along with the times and crypto currency technology will be needed by the state in its economic development

[duoduoshigexiaozhu]

The fiat currency is very good for the cryptocurrency market, but now the government will stop listing its own legal currency, and only if the cryptocurrency market expands its influence, the government will consider issuing legal tender.

[calya]

The fiat currency is very good for the cryptocurrency market, but now the government will stop listing its own legal currency, and only if the cryptocurrency market expands its influence, the government will consider issuing legal tender.

fiat always used to cryptocurrency market.without fiat currency no one buy cryptocurrency.this is first step for investor and traders to start their invesment.

[cc80aa]

   yes, right now we are needed it, mostly currency circulation in the market or any type of investment propose in the market is control by fiat money.

[kkaroul4]

maybe at this time but not yet in the future all possibilities can occur along with the times and crypto currency technology will be needed by the state in its economic development

even though the technological development of the era does not mean that fiat currencies are not needed even though many countries have adopted crypto currencies, because until now fiat currencies are still in use

[erikoy]

In my opinion. until any time the fiat currency will be needed and used throughout the world. technological advances in the financial sector will not affect the existence of fiat currencies. Digital currency is used to facilitate everyone in choosing transaction tools so that our work will be easier. and fiat currency is used for people who do not have a digital currency.

Digital currency has no relevance with the fiat currency for it has different functions and roles that will be intended to. Decentralized digital currency maybe useful especiallly in terms of payment where it offers P2p transactions that could minimize transaction fees. However it still need digital equipment and internet so there are disadvantages of using it also. For now digital crypto currency is not yet user friendly and this.might systrm might put to ignore.

[Indamuck]

Our economic system currently runs off debt.  Could we have a system based around bitcoin and no debt? Yes we could and prices of cars, homes, and land would drop a lot.  Debt raises prices because it gives people access to easy purchasing power.  The debt system keeps us all slaves so a bitcoin based economy would be better assuming the scaling issue could be solved.