Blockchain transactions using fiat currencies

[Spectrium]

Would you guys be using fiat money if there was a guarantee that transaction is done with blockchain technology?
Do you think this could define the future if it actually happens?
And if no why not?

Good day to you fellow HODLER!

[1714004662]

1714004662

[dumplingsandsushi]

What do you mean, like if you used a visa card to pay for something using your own fiat, but the transaction was done through blockchain?

honestly, I don't see any advantage to this.
As it stands, electronic fiat payments are all pretty open, you can easily check and track your money and purchases anytime.
There is no problem at all with people tampering with it and many safety guards in place if someone does an unauthorized transaction.

Using blockchain as it stands now, however, has a lot of drawbacks.
First off, the cost is very high now due to the lack of scalable technology.
There are projects like nano and iota which could work if mass adopted.
Also, confirmation times don't scale either.

blockchain has way better uses than for just simple everyday small purchases.

[Spectrium]

What do you mean, like if you used a visa card to pay for something using your own fiat, but the transaction was done through blockchain?

honestly, I don't see any advantage to this.
As it stands, electronic fiat payments are all pretty open, you can easily check and track your money and purchases anytime.
There is no problem at all with people tampering with it and many safety guards in place if someone does an unauthorized transaction.

Using blockchain as it stands now, however, has a lot of drawbacks.
First off, the cost is very high now due to the lack of scalable technology.
There are projects like nano and iota which could work if mass adopted.
Also, confirmation times don't scale either.

blockchain has way better uses than for just simple everyday small purchases.

More like paypal but using blockchain as transaction method, we were just thinking about it, we have to do a bit of research
Thanks for sharing your opinion!

[St4yInTh3D4rk]

Would you guys be using fiat money if there was a guarantee that transaction is done with blockchain technology?
Do you think this could define the future if it actually happens?
And if no why not?

Good day to you fellow HODLER!

It may not be practical because the blockchain technology cannot be able to handle all the transactions of fiat like happening now and the banks need to change everything if they want to move to blockchain technology for fiat transactions like every account holder need to be allocated with their wallets,so it may not going to happen.

[TastyChillySauce00]

What do you mean, like if you used a visa card to pay for something using your own fiat, but the transaction was done through blockchain?

honestly, I don't see any advantage to this.
As it stands, electronic fiat payments are all pretty open, you can easily check and track your money and purchases anytime.
There is no problem at all with people tampering with it and many safety guards in place if someone does an unauthorized transaction.

Using blockchain as it stands now, however, has a lot of drawbacks.
First off, the cost is very high now due to the lack of scalable technology.
There are projects like nano and iota which could work if mass adopted.
Also, confirmation times don't scale either.

blockchain has way better uses than for just simple everyday small purchases.

More like paypal but using blockchain as transaction method, we were just thinking about it, we have to do a bit of research
Thanks for sharing your opinion!

Such thing is already invented and that is called stablecoin. USDT, USDC and many more. So, basically this question has been answered.
Also to point it out that majority of stablecoin being used only for storing wealth not for any means of transaction except there is some individuals that are willingly to do so.