Will governments create their own cryptocurrency that will replace fiat?

[arifteguhr]

This is also likely to occur if there is a major change in the financial system and also the banking industry has new appeal and is also more practical and also safe so that in the next few years paper money is rarely used. I speak my own country where the development of digital payments is quite large now

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[Gibreil]

If the digital currency will be held by the government it will become a centralised. Which is more secured and legitimate. It may be a good idea in terms of investment, savings and payment.

[Noilee]

I believe this will happen. The world is moving from paper reliance to paperless systems. Usually, utility bills and other periodical bills give the customers option to get their bills via email or other electronic copies. This is the case also in online purchases. They usually just give the customers a copy of the receipts and other documents via email.

But it will happen in so many years, Because we are in the high technology are already used by almost people and maybe for the purposes of their online transactions only. But i think its not easy for them to create their own cryptocurrency, because they maintain their fiat.

[Gaff]

I believe this will happen. The world is moving from paper reliance to paperless systems. Usually, utility bills and other periodical bills give the customers option to get their bills via email or other electronic copies. This is the case also in online purchases. They usually just give the customers a copy of the receipts and other documents via email.

But it will happen in so many years, Because we are in the high technology are already used by almost people and maybe for the purposes of their online transactions only. But i think its not easy for them to create their own cryptocurrency, because they maintain their fiat.

Partly you're right on that, government will remain greedy to take over fiat control so I don't believe they'll loved to have cryptocurrency as main currency of a certain country. Preserving fiat integrity in terms of general adoption remained stronger as people traditionally used fiat cash, and it isn't easy for individuals to adopt specially when there's poor internet connection particular on remote areas around the world. Maybe in the future digital and virtual currency is a form of an option for everybody.

[Ayiranorea]

Already electronic cash and all other advancement in the banking system has got used by common people around the globe. Governments focus is always to keep the people under their own control, this isn't possible when the currency is developed through blockchain. This way more contradictions will take place in between and very few number of countries will go with perfect cryptocurrency while the majority just release tokens.

[Ozero]

Some governments will create their own cryptocurrency, which will be similar to the stable cryptocurrency of their currencies. However, such a cryptocurrency will not have the goal of replacing national paper money, and indeed it will not be able to replace them. Such a centralized cryptocurrency will exist in conjunction with the paper money of the states and they will go together in society. I do not even think that such a cryptocurrency will conflict with a decentralized cryptocurrency, since they have completely different tasks and functions.

[Bitcoinsummoner]

Not now but in very near future they will many say not so soon but i think it will happen sooner than we can expect it we have big adaptation process so it will happen to believe me but int not so easy of course.

Many government still do not know elaborately about the cyptocurrency and also they do not eager to know about it and also many country still not accepted it and many country approving and banning so it is not possible to create such a crypto currency by governments.

[finbad]

If the digital currency will be held by the government it will become a centralised. Which is more secured and legitimate. It may be a good idea in terms of investment, savings and payment.

It can happen in countries with the worst economy. The huge inflation can make the government take a decision to start creating their virtual currency and save the country and its people from poverty.

[bozo333]

If the digital currency will be held by the government it will become a centralised. Which is more secured and legitimate. It may be a good idea in terms of investment, savings and payment.

It can happen in countries with the worst economy. The huge inflation can make the government take a decision to start creating their virtual currency and save the country and its people from poverty.

No they will take charge as demonetisation to solve that issue. If any government have the idea to create the digital cryptocurrencies will be good for them to sustain in this competitive world in future years. There is no pic possible days to sea digital currencies from government.

[otong]

If the digital currency will be held by the government it will become a centralised. Which is more secured and legitimate. It may be a good idea in terms of investment, savings and payment.

it could happen and no one can know for sure possible with the government that plays a role in security and stability of the crypto currency will be better and investors' interest to invest becomes greater

[Hemady17]

A question can also derived from this question, what if government persist to hold bitcoin and be regulated by them? Another thing also, I'm thinking about a conspiracy theory, what if government is behind the invention of Bitcoin? It might be conspiring but what if it may sense.

[MonaLeeTracy]

If the digital currency will be held by the government it will become a centralised. Which is more secured and legitimate. It may be a good idea in terms of investment, savings and payment.

I really agree with what you say in your opinion and of course there will be legality from the government and with the legality of course investors will be more comfortable and the interest to invest will be bigger and grow and crypto currencies will grow more rapidly

[LogitechMouse]

This is a funny prediction for me but I think Governments will just support Ripple instead of creating their own cryptocurrency.

Some of the banks are government related and Ripple is supported by banks. Why would they create their own crypto if there is already a crypto that they can support anytime but anyway, we can't predict the future. They can create one but I doubt that there will be supporters of the coin.