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Author Topic: Can cryptocurrency supersede traditional transaction methods ?  (Read 260 times)
Lida93
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January 06, 2025, 10:44:13 PM
 #21

My questions are:

1: Can cryptocurrency transactions displace traditional transaction methods?

2: Would there be any challenges or difficulties for cryptocurrency to be widely accepted as our daily transactions?
For the number one question. Before you reason such possibility of having cryptocurrency transactions taken over the common traditional means we have to take an in-depth look into that very society we're talking about. Their level of technological growth and the growing rate of persons that are enlightened with using the traditional transaction means how much cryptocurrency. Cos from wetin I know, it gets plenty mama and papa them wey no even Sabi operate android phone or even make use of  mobile bank app sef. So this nah strong challenge to crypto base on your questions.

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January 07, 2025, 12:19:27 PM
 #22

Can cryptocurrency supersede traditional transaction methods ?

My questions are:

1: Can cryptocurrency transactions displace traditional transaction methods?
Cryptocurrency can not and will not replace fiat banking system but will always serve as an alternative to it.

2: Would there be any challenges or difficulties for cryptocurrency to be widely accepted as our daily transactions?
Bitcoin can be used for our daily transaction but however it may not be as normal fiat banking. Bitcoin fee is too high to be used for everyday transaction. and the Bitcoin to send must be $20 above in exchange because the minimum deposit of most of the exchange is $20 so in this case any transaction made in a custodial wallet below $20 will be lost forever except using usdt, trx or Litecoin.

 
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