Deutsche Bank said Crypto will Replace Fiat Currencies by 2030! Really Possible?

[mirrasel]

By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank. 

What do you think as a Crypto Expert? What are the challenges? What things should be adopted to replace fiat? 

Research: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000503196/Imagine_2030.PDF
News Source: https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030

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[Javi_Anibarro]

I am not an expert in this area, but here is my opinion: It is more like the demand for the digital currency will rise because of digitalization, a new era will bring a new system. In 2030, we are expecting a modern civilization. Virtual reality will be a common thing and because of that, we need a payment system that we can use digitally and easy to use. The real challenge for adoption is lack of knowledge from the users and complexity, cryptocurrency is not ready yet to be implemented in real life because of this.

[alyssa85]

Digital currency /= cryptocurrency.

Digital payments include things like Faster Payments in the UK (where money is sent instantly), or country coins controlled by the central bank.

The Deutsche Bank prediction is just a rehash of the old "cash will become obsolete" thing that everyone has been predicting for decades.

In order for cryptocurrency to dominate, there needs to be a big eco-system around it, and that has stalled since 2018. Hopefully next year will see improvements in that space.

[Baby Dragon]

I am not an expert in this area, but here is my opinion: It is more like the demand for the digital currency will rise because of digitalization, a new era will bring a new system. In 2030, we are expecting a modern civilization. Virtual reality will be a common thing and because of that, we need a payment system that we can use digitally and easy to use. The real challenge for adoption is lack of knowledge from the users and complexity, cryptocurrency is not ready yet to be implemented in real life because of this.

Indeed, particularly those people who live in rural areas because some of them does not even know that a digital currency existed. It can be the reason why the adoption is going to be difficult since those people does not even familiar with anything related in technology but I know that as times passes by someone will enlighten them about cryptocurrency or they can encounter it themselves. A decade is not enough because there are a lot of things that we need to consider and there will be some possible problems especially to the government.

[cryp24x]

10 years?

I doubt it. Now that Cryptocurrency have the difficulty in spreading the good news all over the world due to negative feedbacks. I guess 10 years is not enough to do the adaptation of all to Digital Currency. I am sure that there will be lots of debate and oppositions to Crypto, but I am still hoping that the acceptance to Crypto would show great possibility.

[duuuuude]

On the one hand, the transition completely to digital currency is progress but on the other hand, it is a huge springboard for government manipulation because it is obvious that the further we digitize, the more restrictions are placed on personal life. This is not in all cases but mostly.

[asriloni]

Cash will not be used again in the future and that may become a sense statement but about the crypto will fully replace fiat and that makes me feel doubt because till this time it's not clear whether crypto can be adopted by the countries.
In the article has already stated if those banks are currently developing the digital currency. it's very similar as a payment that used USD balance to a transaction.
I'm not even seeing crypto already mentioned in the last part of the article.
if we will see crypto will be accepted in a few years later and that prediction may possible. But if we will not see that and I thought we should not expect crypto to replace fiat in the future.

[Gotumoot]

I've read these thread several times, crypto currency will replace fiat in the future blah blah ..

But how can crypto replace fiat?
First of all government acceptance and adoption, it can be.
Second is people's awareness, but not all will agree to use crypto and removed fiat in circulation.
Third, Everyone needs to know how to use a smart phone, have their own internet, have their own pc. That I think its hard to accomplish.

[bittraffic]

It took decades for the internet dotcom to be adopted world wide and now we can say its a necessity for anyone to have access to internet. 2030 is a fair year to say adoption of crypto is typically had reached the remote areas of the remote regions. by 2030 we can already say the fair man who worked in a manufacturing company will have to spend more just to own 0.01BTC. 

Germany is now developing the government back digital currency because they are seeing the adoption is closer than what they think. A year or two from now, there will be a big changes to central banks.

[BeManga]

By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank. 

What do you think as a Crypto Expert? What are the challenges? What things should be adopted to replace fiat? 

Research: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000503196/Imagine_2030.PDF
News Source: https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030

its not really impossible to happen because in 10 years there a lot of things that could happen
as of now bitcoin adoption still grow day by day and I also think that the demand of crypto will grow more in the future

[alani123]

To replace FIAT would mean to do away with government backed, central bank issued forms of money. The notions in the paper are only potential scenarios that could play out, mere ideas. Not even viable concepts that have been examined scientifically for their basis.

This is page two of the paper linked in the OP as research:

[desticy]

For me, such statements look like pure manipulation. We don’t know how the global economy will develop in 2-5 years, but someone gives forecasts as early as 2030.
Perhaps this year there will be no monetary systems or money at all. In addition, cryptocurrency has a volatility problem that is almost impossible to solve.
Do not believe in fairy tales.

[tsaroz]

Crypto solves different problems in financial world. It is an efficient and effective ways of distributing values. There are surely a resistance as the world could not just change their new habit. And there is a huge business related to fiat regulation which are resisting the crypto adoption.

[biddicoin]

Im as a cryptoenthusiast, believe with this research. everything could change to better one
and crypto is one of the thing which can replace FIAT.

In the other hand, we already knewn crypto for more than 10 years
crypto is so amazing, it is really from zero to hero. from small capitalization to big capitalization

[Experia]

By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank. 

What do you think as a Crypto Expert? What are the challenges? What things should be adopted to replace fiat? 

Research: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000503196/Imagine_2030.PDF
News Source: https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030

It will not totally replace the traditional banking and fiat system because if it will happen the whole economy will change and the world are not yet ready for this specially those small businesses and small people. The challenge is the acceptance of the process among people of nations.

[jacafbiz]

One ting I know is that Fiat currencies are under threat and central banks know this. A lot happens between 2010 and now, so this coming decades is going to disrupt some Government positions. Another thing we need to understand is that millennial are getting into position of power and will help in shaping the coming future generation

[Flux0z]

Look what happend the first 10 years since BTC's inception. Another 10 years isn't a bad estimation really.

Decentralized exchanges will be the next big thing, allowing people to trade with each other with 0 trust issues against any centralized entity.

The ONLY truly Decentralized Exchange we've got right now is the Blocknet DEX. Anyone trying to convince themselves that there are any other REAL DEX's out there is simply fooling themselves, and NO Bisq, Waves, Binance, IDEX etc. isn't decentralized as they ALL lack from centralized points of failures one way or another (prove me wrong).

Over the next coming years, nodes hosting DEX's like the Blocknet DEX will make a boat load of money doing so, competition is on the way, there's no question about that.
The banks will lose this battle, the people will win.  

[notthematrix]

I don't see anything like this happening before a century.

Something close to E-corp in Mr.Robot seems doable, a company creating their own bitcoin to become the most used official and approved crypto currency.

[coin-investor]

By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank. 

What do you think as a Crypto Expert? What are the challenges? What things should be adopted to replace fiat? 

Research: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000503196/Imagine_2030.PDF
News Source: https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030

The big question is are all the people on this planet are educated enough about Cryptocurrency or every country on this planet are then high in technology that they can able to transact Bitcoin anywhere they are at the time they want to transact, if we are ready by then, then it's possible.

[Peanyut991]

As a crypto community, we are certainly not surprised by news like this. We already believe that crypto is a currency that is more efficient, secure, not easily damaged than fiat. We just need to wait for the time for the fiat currency to end and crypto will replace it.

[tenakha]

By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank. 

What do you think as a Crypto Expert? What are the challenges? What things should be adopted to replace fiat? 

I guess it will be at least after 2030. So it must be. Because we can all see how fast robotization and technology have developed in recent years and this will accelerate in time. And it will be impossible for current paper money to keep up with this technology. We need a faster and more technological payment system as a crypto.

Indeed, if they do not oppose the crypto, it will be enough for adoption. There is no doubt, if they start to use it slowly in society, they will see how good it is than the old system.

[Twinkledoe]

By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank. 

What do you think as a Crypto Expert? What are the challenges? What things should be adopted to replace fiat? 

I guess it will be at least after 2030. So it must be. Because we can all see how fast robotization and technology have developed in recent years and this will accelerate in time. And it will be impossible for current paper money to keep up with this technology. We need a faster and more technological payment system as a crypto.

Indeed, if they do not oppose the crypto, it will be enough for adoption. There is no doubt, if they start to use it slowly in society, they will see how good it is than the old system.

Though it is a long way to go, but a lot of things will happen that will make it possible. But I still think, fiat currency will always be there in some areas. 10 years is not enough to convert a lot to crypto users. But that's a good perspective coming from them. It means, they are open to the benefits that crypto or blockchain tech is offering to the industry.

[efxtrader]

By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank. 

What do you think as a Crypto Expert? What are the challenges? What things should be adopted to replace fiat? 

Research: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000503196/Imagine_2030.PDF
News Source: https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030

I am not an expert but in my opinion cryptocurrency in question remains controlled by the central bank. Maybe there are some altcoins that can be used as payment at merchants but in my opinion not all altcoins because only a few altcoins are seen as acceptable to many people as a means of payment

[henmark]

By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank. 

What do you think as a Crypto Expert? What are the challenges? What things should be adopted to replace fiat? 

Research: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000503196/Imagine_2030.PDF
News Source: https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030

Yep, cryptocurrency will likely take over, but don't be too excited. The cryptocurrency they are talking about is not going to be a decentralized cryptocurrency like the ones you know right now, nah, they are going to be just like digital currencies. Unlike Bitcoin and other decentralized coins, they are going to be centralized and will be regulated by the law, so there is really no difference, it's still the same. The only changes they are going to bring is that they are going to make our transactions faster and cheaper, I guess. There is possibly going to be other changes that will come with it, till then let's wait and see.

[Rodeo02]

As a crypto community, we are certainly not surprised by news like this. We already believe that crypto is a currency that is more efficient, secure, not easily damaged than fiat. We just need to wait for the time for the fiat currency to end and crypto will replace it.

yes we all know that it will happen soon , the main question is what crypto it is ? Are they going to maje new crypot currency or they will use the old crypto that available in the market already.

[nicecrypto]

I have come across the news and i feel this is another good news over cryptocurrency and the ecosystem, even this can take effect in the long run but it is still refreshing to know the direction crypto is going in the near future, unlike what some critics will be saying about crypto coming to an end whenever there is a small dip in price. This means the future of crypto is bright after all.

[Nivia1st]

if seen from the development of crypto today, it might happen. because some countries have begun to show interest. and only a matter of time for other countries to follow. from the very beginning if the government wasn't too afraid of crypto, maybe crypto replacing Fiat would happen faster.

[wxa7115]

By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank. 

What do you think as a Crypto Expert? What are the challenges? What things should be adopted to replace fiat? 

Research: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000503196/Imagine_2030.PDF
News Source: https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030

This is not your fault but the title that they choose for that article is completely clickbait because that is not what the article says, the article is just stating that digital currencies are going to take over the world but at no point it says that they are going to replace fiat currencies, fiat currencies are still going to be in place and it is completely possible that governments are going to choose to create their own cryptocurrencies that are centralized.

So decentralized currencies are not going to really replace anything at least according to this prediction, but it doesn't matter we know that a cryptocurrency like bitcoin is going to become a success regardless of what any government thinks.

[iv4n]

When I see some topic like this one is, I remember how unique this forum actually is! Believe it, or not, on this forum people talked about fiat replacing fiat before 2015! I'm here from that year, and I remember reading what people wrote before me, and even I commented similar topic.
Once again we have a confirmation from a huge fiat institution, some of us believed in this before Deutsche bank statement, but its nice to hear it anyway!

[ATSgrowth]

Fiat currencies are not good for global economy, thanks to internet we live in a global world, more and more people do not care about borders, they are travelling, shopping around the world, but they use money that are not global, not suitable for today´s world.
Are cryptocurrencies good for global world? Maybe. 

[sorrros]

Cool to see that the second largest europe bank comes with this prediction. But what´s their solution? New digital coin created by Deutsche bank? Something like China created, hope that not. No more centralized stable coins controlled by goverment (big company)!

[ganeshramk]

Most people in crypto wants this statement to be true and don't want to wait until 2030. But to acheive that status, crypto needs to cross lots and lots of hurdles. Its not going to be an easy task.

[starblocks]

It is entirely possible, but this will depend mainly on adoption rates and a key indicator of this will be how fast Facebook's and other major brands cryptocurrency projects like Telegram catch on and this probably won't occur overnight so its still a little too early to predict anything like this happening for certainty

[nicolas1979]

Everything is possible, government will take any change to take control about financial instrument and they use bank for this purposes. I'm not happy with that news because will happen in 2030 and maybe another country will try it first. I believe they use Fiat at the first time and when running in several they will change it with another " legal " financial instrument from government it self.

[albrots]

Crypto replaces fiat currency is very difficult, because the two digital currencies have different properties. Cryptocurrency has a high volatility while Fiat is a stable coin whose price follows the USD exchange rate.
Cryptocurrency may only accompany FIAT and will not be able to match Fiat or exceed it.

[Linkkoin]

Crypto replaces fiat currency is very difficult, because the two digital currencies have different properties. Cryptocurrency has a high volatility while Fiat is a stable coin whose price follows the USD exchange rate.
Cryptocurrency may only accompany FIAT and will not be able to match Fiat or exceed it.

anyway in Europe we can see that there is a pressure for the removal of physical currency in general, as banknotes can be used for money laundering. First, there had been established cash limit for all transactions, in some countries they literally stopped minting coins with least value (and there is no change given back!), now in Greece they introduced legislation making obligatory for you to make payments by card/bank transfer for at least 30% of your monthly salary.

It is very likely that there will be introduced in the next couple of years a new class of cryptocurrencies - state-issued stable coins related to the national currency.

[mirrasel]

I am not an expert in this area, but here is my opinion: It is more like the demand for the digital currency will rise because of digitalization, a new era will bring a new system. In 2030, we are expecting a modern civilization. Virtual reality will be a common thing and because of that, we need a payment system that we can use digitally and easy to use. The real challenge for adoption is lack of knowledge from the users and complexity, cryptocurrency is not ready yet to be implemented in real life because of this.

Hope education and awareness will rise rapidly in the next years.

[mirrasel]

By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank. 

What do you think as a Crypto Expert? What are the challenges? What things should be adopted to replace fiat? 

Research: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000503196/Imagine_2030.PDF
News Source: https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030

The big question is are all the people on this planet are educated enough about Cryptocurrency or every country on this planet are then high in technology that they can able to transact Bitcoin anywhere they are at the time they want to transact, if we are ready by then, then it's possible.

I think the people on this planet are not educated enough yet about Cryptocurrency! We all should raise awareness about the cryptos, blockchain and as well as bitcoin.

[cabron]

10 years is fairly a good estimation that adoption will really make it to every people in the planet. We have been evolving since the time Internet were introduce to the people, the internet already give us more freedom that social media can now be used in political battle. Took decades to populate the www.

Blockchain will gives us more power thru cryptocurrency and digital currencies will give access to everyone on blockchain thus adoption.

[bigcash2011]

I think it is just a matter of govt clearance and awareness and lastly ease of use that will make crypto adoption a reality and i think this will be realized around 2025 and after that the process will speed up.

[romanij]

The news is of course very good but I believe in it with difficulty. If States allow cryptocurrency in their financial sector, they will lose influence on society. This means that with the help of cryptocurrency will be able to finance various dubious companies as well as it will give the opportunity to hide from taxes. For the full implementation of cryptocurrency in the public sector necessary laws that will regulate the actions of people and the turnover of cryptocurrency. Otherwise, anarchy and chaos await us.

[pragna]

I think it is not possible yet that by 2030 Crypto will replace Fiat currencies because more than 100 years system we can not change in 10 or 15 years. Though technology is more fast now-a-days but how we can ensure where we see graph of 2009 to 2019 is going low crypto market. But we can hope and see what is happening next days.

[wxa7115]

10 years is fairly a good estimation that adoption will really make it to every people in the planet. We have been evolving since the time Internet were introduce to the people, the internet already give us more freedom that social media can now be used in political battle. Took decades to populate the www.

Blockchain will gives us more power thru cryptocurrency and digital currencies will give access to everyone on blockchain thus adoption.

Despite the price of technology going down in a regular way there are still many people that do not really have access to the Internet and that they do not have electricity either, for those people is going to be impossible to get access to bitcoin, so we cannot really claim that every single person in the planet is going to use cryptocurrencies.

But it is entirely possible that during the next decades bitcoin is going to get a lot more popular and will begin to be used by a significant portion of the population especially those that are like us and understand the risk of having a currency printed by the government with no limits to its supply.

[btcltcdigger]

Will by 2030 crypto be widely recognized and used? YES
Will by 2030 crypto completely replace fiat? NO

The bank lobby is just well built and 2 strong to go down in 20-odd years.

Remember, banking system is more than 2000 years old

[NeuroticFish]

Crypto is not only Bitcoin.
Whether we like it or not, stable coins are crypto currencies too.
State issued stable coins are extremely appealing now for some entities (from states to ECB). The value decided as for fiat, the institutions can take a look freely into anybody's pocket, they can blacklist the money of wrong doers (or opponents!)... just "wonderful".

[Xcode7]

By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank. 

What do you think as a Crypto Expert? What are the challenges? What things should be adopted to replace fiat? 

Research: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000503196/Imagine_2030.PDF
News Source: https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030

I think again it's just a possibility. Digital can be a reality in the future, but to replace the original currency, it is likely not. Because cryptocurrency is also based on the original currency, but if for the times and convenience for its users, I totally agree.

[Ezravdb]

I've read these thread several times, crypto currency will replace fiat in the future blah blah ..

But how can crypto replace fiat?
First of all government acceptance and adoption, it can be.
Second is people's awareness, but not all will agree to use crypto and removed fiat in circulation.
Third, Everyone needs to know how to use a smart phone, have their own internet, have their own pc. That I think its hard to accomplish.

I agree, it is quite difficult the fiat currency to be replaced by the crypto currency. Not everyone knows the crypto currency and not all countries have good internet connections. cases like this are often disputed between fiat and crypto currency. I am not sure that in the next 10 years all countries will formalize the crypto currency for every sale and purchase transaction.

[K4C]

Cryptocurrencies are the logical next step in the evolution of money and I really and truly believe this, by the year 2030, Governments around the world would have created their own Cryptocurrencies for their citizens but I believe that Bitcoin would still be the global Cryptocurrency, so many innovations coming to the Cryptocurrency space and it's just amazing to see where we are now, and knowing what's coming in a few years from now.

[nanaimogold]

By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank. 

What do you think as a Crypto Expert? What are the challenges? What things should be adopted to replace fiat? 

Research: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000503196/Imagine_2030.PDF
News Source: https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030

I believe it is possible. The world is seeking for better ways to interact economically and there's no better way than through cryptocurrency technology. Ecowas is already seeking for a single unified money for its member states. Bitcoin and crypto can unite the world and the global leaders might take their chances if they can control it

[albrots]

All also depends on the policy of the central government. If in Greece regulations have been applied using card payments / bank transfers 30% of monthly salary, this makes the use of paper money reduced and switch to the digital world.
The crypto and Fiat digital currency classes will certainly occur in the coming years because now more and more digital money is being used.

[ice18]

Thats 10 years from now Im not hoping that crypto will totally replace fiat but I think one thing is for sure more adoptions on this year from centralized system to fully decentralized and this will happen with the help of blockchain technology, if we look back like what happened 10 years ago when bitcoin still not so popular and only few are interested and some users just ignoring it, look at what we have now? Bitcoin is like gold can be used to buy goods and can be exchange to fiat easily, Im sure in 2030 almost all merchants will be able to use crypto because of demand from users.   

[efxtrader]

All also depends on the policy of the central government. If in Greece regulations have been applied using card payments / bank transfers 30% of monthly salary, this makes the use of paper money reduced and switch to the digital world.
The crypto and Fiat digital currency classes will certainly occur in the coming years because now more and more digital money is being used.

Agree, for payments and transactions I think the central bank will not be affected by cryptocurrency because the central bank has a hand that can regulate the economy. The use of crypto might be quite limited although I think crypto like Bitcoin can be used as digital assets like Gold

[jcarlo]

By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank. 

What do you think as a Crypto Expert? What are the challenges? What things should be adopted to replace fiat? 

Research: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000503196/Imagine_2030.PDF
News Source: https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030

I'm not an expert on cryptocurrency, but I don't think cryptocurrency will replace fiat money. The use of fiat money has taken root in society and I think it needs a long socialization if cryptocurrency replaces fiat money.

[metalglowd]

By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank. 

What do you think as a Crypto Expert? What are the challenges? What things should be adopted to replace fiat? 

Research: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000503196/Imagine_2030.PDF
News Source: https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030

For the moment this kind of statement is still uncertain, this kind of thing has a 50:50 chance, so if until I think the next 5 years about the development of crypto significantly moreover about adaptation for daily activities, I think it will be impossible, so let see 5 years more to see that glimpse future

[davinchi]

There is no "replacing" fiat currencies, they will always exist, how could dollar/euro or whatever else would be totally gone and crypto replace its place? That won't ever happen. The maximum that could happen in 10 years time would be crypto having a bigger role in our lives and adoption rate reaching to a point where we all have crypto cards where we spend money everywhere we go in crypto (pegged to fiat probably) so that we never have to have fiat in our bank accounts ever again.

Maybe wages could turn into crypto as well in time but I am not sure if 10 years is good enough for that, there are already places that pay crypto wages currently, maybe there will be more but I think it won't pass %5 of all wages paid in 10 years time. We just need fiat to be destroyed as well as we need crypto to be hyped.

[Zionatin]

Much has happened in the last 10 years since bitcoin was invented. The next 10 years are going to be great. IF even banks are saying that bitcoin is here to stay and crypto is going to replace fiat soon then it must be true.
We are all going to be rich so long as people do not get too greedy and silly. There still so many other currencies that can moon like bitcoin and we all still way early into adoption. I think most of us won't believe or do not realise that if we went ahead 20 years from now we are all rich. Everyone on this forum.

[biddicoin]

I think it is not possible yet that by 2030 Crypto will replace Fiat currencies because more than 100 years system we can not change in 10 or 15 years.

very possible, the technology development is so fast now.
it would be different development last time ago and nowadays.

Though technology is more fast now-a-days but how we can ensure where we see graph of 2009 to 2019 is going low crypto market.

going low? what do you mean?
Bitcoin is going to be higher as time goes by.

[wxa7115]

Will by 2030 crypto be widely recognized and used? YES
Will by 2030 crypto completely replace fiat? NO

The bank lobby is just well built and 2 strong to go down in 20-odd years.

Remember, banking system is more than 2000 years old

Not only that in order for the banking and the fiat system to be completely replaced we will need to convince every single person of how it is a terrible idea to have a currency that is not backed by anything and that it is a terrible idea to take loans for stuff that you do not really need, and just a quick glance at the finances of almost any person that you could find on the street could show you that almost no one is ready to accept that reality.

People love the idea of being able to buy whatever they want even if they do not have the money to do so, they do not understand that they will need to pay what they borrow with interests and that if they waited they could have bought what they wanted and many other things as well.

[jossiel]

Payments will more of digital during that year but it doesn't mean that majority of payments will be made in crypto. I believe that crypto's will still exist during that time if the market cap grows tremendously and the demand won't drop.

It looks like bitcoin is just starting this time and making itself look like a new born currency, this is the perspective of the people working from the banking and government sector.

[Bonwin]

It is actually a thing that looks so impossible, but if crypto projects can be meaningful enough and bring satisfaction to its users, then gradually acceptance and outright adoption will come in, which will then result into the possibility of it almost replacing fiat, but the fact is that, it cannot happen.

[qiman]

I think as more kyc and aml regulations come into effect this will bring about the rise of digital transactions. In Greece for example now more and more cashless payments are being made, especially in restaurants by law to avoid the V.A.T tax evasion that was rife in the country until this new law was implemented. Also crypto enthusiasts and libertarians on the other side like to hoard and amass the more individual tokenized assets and decentralized coins like Bitcoin and Monero to take a stance against the general powers that be, like our current fractional reserve banking system, which have impoverished generations of people and have created a prison planet of slavery. There will be more cashless societies in the future but how fast cash will disappear, that, no one has the answer for yet.

[btcmurat]

I think the big banks control it. Bitcoin has been on the market for 10 years. Bitcoin proved itself. There is instability in the price of bitcoin. It doesn't matter. I think it's the point. Inflation of paper money. This can be overcome with a fixed number and a more transparent payment instrument. This is Cryptocurrency.

[Bitcoincc]

By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank. 

What do you think as a Crypto Expert? What are the challenges? What things should be adopted to replace fiat? 

Research: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000503196/Imagine_2030.PDF
News Source: https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030

Did he mean digital will replace fiat all over the world? Or in some countries? Or in some cities?

In the world, this is not possible. 2030 is just a decade from now and it is too short for such to happen. In Africa and Asia and if not all the countries in the world, some people do not have access to browsing phone. Although there could be ATMs but there are some trader that will not accept digital as payment. They will accept fiat because they are using small phones that they can afford that has no browsing features while some traders in Africa and Asia will not even know how to operate the phones.
By that time, more people will deal with digital currencies but can not replace fiat fully. This could be achieve in more than 3 decades from now.

[duuuuude]

By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank. 

What do you think as a Crypto Expert? What are the challenges? What things should be adopted to replace fiat? 

Research: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000503196/Imagine_2030.PDF
News Source: https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030

Did he mean digital will replace fiat all over the world? Or in some countries? Or in some cities?

In the world, this is not possible. 2030 is just a decade from now and it is too short for such to happen. In Africa and Asia and if not all the countries in the world, some people do not have access to browsing phone. Although there could be ATMs but there are some trader that will not accept digital as payment. They will accept fiat because they are using small phones that they can afford that has no browsing features while some traders in Africa and Asia will not even know how to operate the phones.
By that time, more people will deal with digital currencies but can not replace fiat fully. This could be achieve in more than 3 decades from now.

Despite the fact that the technological cocoon is developing with a very rapid progression, do you think that ten years is not enough? Remember 10 years ago the Internet, our gadgets and the opportunities that have appeared. Adequate people can safely switch to digital but there are corporations that always slow down the process of all good undertakings.

[travwill]

One ting I know is that Fiat currencies are under threat and central banks know this. A lot happens between 2010 and now, so this coming decades is going to disrupt some Government positions. Another thing we need to understand is that millennial are getting into position of power and will help in shaping the coming future generation

This is a pretty loud statement. In fact, what we have now on the cryptocurrency market is whale market management.
So, bitcoin and the entire market will do what they want, which in turn makes cryptocurrency less capable of replacing the current financial system. So no matter what the banks say, it can just be chatter.