Can crypto replace other currencies?

[Serbberq 724]

I don't really believe that bitcoin and other cryptocurrency will replace other currency, I believe in the future cryptocurrency will dominate the world but still fiat money will be needed for illiterate to be using. 

[mzk7736 1592]

Cryptocurrencies would never remove local currencies from the world. Because the base of the local currencies is very strong. They are backed by countries and they always tend to support it when local currencies start to fall.

[MalikAdnan 1662]

It is not easy to say but I think there is crypto is a controversial currency but fiat accepted by every countries but it is not. I think in the future every country will accept this and it is easy for this.

[lharost 1526]

It definitely will happen but you can't be sure when, the traditional banking system has a lot of flaws that cryptocurrencies don't have, they also have new features to offer as well, so their only goal is not to just solve problems with our banking system and other payment methods that we use, but it also aims to provide people with an all around complete payment method that has no limitation and people around the world can just transfer funds to each other without any limitation and government involvement.

[Naseer Ahmad78 721]

I think that there are little chances to remove other currencies because that is online platform don't exist physically,no doubt this forum is providing more chances to start business at higher level by giving informative comments,crypto industry is most popular globally but it may be can not replace other currencies because every country has its owns rules and instructions in legal form.

[godislovefll 1880]

On 1/5/2020 at 11:34 PM, Jalil Baloch said:

I want to know whether it will remove all other existing currencies in the world or not in upcoming few years? Or it will not happen at all? 

I think there could be a situation where there will be a devaluation of tangible currencies one day, and at that time is where people will use cryptocurrencies more frequently, thus saving their money.

[Jacky clark 368]

maybe crypto currency not replace any currency because crypto currencies is digital currency  and crypto not traceable currency  if all country legalize crypto maybe crypto replace any currency

[Yad hair 358]

think bitcoin has already replaced some fiat money in struggling countries like Venezuela and we already see it happening there because people lost faith in their fiat money so bitcoin was the solution.

[AL SHAIMON 1293]

This is not possible for now. But in future it maybe possible. Future will be full of digital world. So digital currency like crypto-currencies will use in future. The using rate will increase. So it can replace physical currencies. 

[RoyalHouse01 9]

there are   a lot of payment systems out there and these has the useful features too and most of them do not charge anything for the transection but there are limits on them too so it is wise to have some one at home and the cryptocurrency can not replace any other currency yet.

[Abbas2.0 812]

It may be replace the all type of currency in whole world or may not be replace. Its all depends on the country. Most of the people in different countries is not know about digital currency.

[Sandra k 6]

Crypto will not replace any currencies of different countries.but it can be a digital money for anyone in this world. Btc is not a legal currency for any country it's just a trading coin with that we can trade and earn money . always be safe while handling BTC because the value of btc is what you think .

[Nila2020 393]

Crypt is a great forum. But in my opinion crypt supports bitcoin. People all over the world know about Bitcoin. Bitcoin is established all over the world. Bitcoin is in vogue in every country, people have a lot of good ideas about it.

[Rabbi6860 150]

The government still needs to control the economy in their country by having their currency, and although cryptocurrency existed, it will work together with the local currency. Bitcoin in particular was created with that motive in mind. To provide a means of transaction that was transparent, secure and anonymous. There's good opinion about this question, crypto can be use for alternative but not as primary. 

[Malikjnb 1235]

I think it so in the future but now it is not possible. I agree there are many different curriences are very popular in online market like bitcoin, ethereum ,xrp , LTC . But now it is not possible. Maybe in the future it will not done.

[Emma Wilson 1156]

In this time, you cannot replace crypto with another currency. Because most of the country don't accept crypto currency as a local currency. Crypto has a volatile features and crypto transaction history cannot be listed. For this reason, Any bad people easily convert his black money using crypto currency. Crypto currency don't include on tax. So my dear, You cannot convert your crypto officially. 

[Garion hirao 550]

It cannot happens in near future because we cannot depend hundreds percent on that kind of market that will work only online and not offline we need cash for daily base activities

[Robert William 590]

It will repla other currency it is replacing the current but the  only matters is that this is not regulated by governments and that is only a fault in crypto currency of government will regulate it then it will be great

[Wane Rastuar 583]

I think it's very difficult in converting people to delete existing currencies and replacing them into crypto needs some struggle and widespread unity so that the world community is united in adopting as a whole

[Idaho Bruk 573]

It is very difficult to say if this can happen at 100%. I believe personally that one day people will prefer crypto to hold as a means of not losing their value to fiat currency, because these currencies continue to lose value. Governments keep printing more money and then the value of that currency goes down

[jappy 1129]

This is almost impossible because the entire economy of the world is well protected with its own interests so it is difficult for this to fall suddenly, but nevertheless if cryptocurrencies were to happen, they would undoubtedly be option 1.

[Chirs Anthony 206]

There is a strong  chance that crypto currency can replace currency in the future . With every part of our life bieng digitalized  , Cryptocurrency will replace currency in the distant future. Crypto would be a more efficient and effortless system.

[Hussain musaddaq 348]

I think crypto currencies has bright future..Every country is launching thier own crypto currency. One day in future every country has own crypto currency..crypto currencies is not only our future but its our demand for our bright future.

[Roan 2166]

Frankly, my friend, you can say that digital currencies will replace government currencies, according to what we see

As the market and investors are flocking towards digital currencies greatly, which led to the increase in the popularity of digital currencies and the rise in their prices significantly and began to replace government currencies with everything

[entrepreneur 634]

I think that cryptocurrencies will replace online banking, because there are already a lot of stable coins, and the fees are way lower and transactions can happen 24/7 between wallets.