Can crypto replace other currencies?

[Man 741]

I say no.
Cryptocurrency is indeed large and very much. Of all the crypto that exists, I say they cannot replace currencies in any country.

[Brushless4500KV 4214]

On 1/6/2020 at 7:04 AM, 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? 

In upcoming years? No, not at all! Most cryptocurrencies are still not accepted worldwide and even bitcoin which is the most well-known crypto is not recognized as an international currency yet. If crypto wants to replace national currencies, it should be accepted as a unique currency for the whole world. This thing can't happen in current situation when there are lots of tensions between countries. When there is a peace between all the countries, they can all agree upon using crypto as an international currency.

[BitMart 326]

No its very hard for all but we can say this will happn to few developed countries and few already doing some good work for this all as they have resouces and technology which is important for this all now in USA many states also asking center for some legislation as they are keen to have this all for common peoples but in thrid world countries its going to take very long time.

[Mehnil125 431]

There are no other currency than the crypto currency because it such a site that have been people working site for all the time. 

There are no other currency than the crypto currency because it such a site that have been people working site for all the time. 

[Harris123 281]

May be or may not.No one can guarantee that crypto currencies can replace other.But in my opinion it isn't possible.because field of the crypo currencies is different from the digital currency.

[mskhatri24 299]

I don't think that crypto replace other currencies because to store, to sell and to pay, crypto need smart gadget with some specification and also require virtual wallet but people who are very poor and don't have such smart device then what will they do with crypto when it will replace physical currency. In my opinion government should always think about the impact of their decision on the poorest of poor.

[gambut_24 98]

Something that is difficult but with the passage of time and increasingly modern technological developments, there will be times when the cryptocurrency replaces the function of other conventional currencies.

[MCSGlegend 2210]

I think that no, the maximum that will make the cryptocurrency so it will become a reserve currency in all banks, but not the main one.

[fuer44 1083]

I think it will be difficult because crypto has no intrinsic value, then crypto volatility will also be very difficult to balance its exchange value against commodity and also commodity prices. so, I think crypto will be difficult to replace fiat currencies.

[Dolpharius 675]

On 06.01.2020 at 11:34, 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? 

why delete something? everything will go in a slow turn and people themselves will make the right choice — and nobody forcibly drives anyone — everything changes over time — this is normal.

[Ms.o 3322]

On 1/6/2020 at 11:34 AM, 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 dont think so,everybody still needs fiat.

,there can be possibilities that it can change due to popularity or demands but it can't be also because of some securities in usage also.

Maybe both will be use as substitute for each other.

[Maaz sultan 265]

On 1/6/2020 at 8:34 AM, 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? 

In my opinion its not happen because all the countries dont want to replace their currencies with digital currencies i think it not happen but these digital currencies work and accepted and working as a secondary currency in future .

[Laboni 755]

Investing is better than replacing cryptocurrency. It is always used for investment. The condition of the market is much worse now but if the investment is good then there is no need to replace the investment.

[Rana75 46]

As far as I know, crypto does not replace any other currency. This is because legalization is necessary to replace any other currency. Crypto has not been legalized here. If you could, crypto would make them their own currency.

[Syedbesharat 5423]

On 1/6/2020 at 8:34 AM, 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? 

It will regularised in few years ,after that it will start replacing fiat money and become strong.But it need good frame work and support of people.Because Government does not let it legalise easily.

[gopalji 12]

I do not think that crypto will replace all other currencies in the world. This is because traditional people will always prefer cash. 

[Naylor89 1223]

It is not a replacement it is one of the development from the economic to perform well so there is no competition between the fiat currency and the cryptocurrency we need both of them.

[nasipadang 399]

On 1/6/2020 at 10:34 AM, 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? 

if you mean to replace it more to eliminate fiat then it might not happen. Unless the word changes more to technology where in this technological era we need something more simple, then Fiat can become a digital currency and no longer form paper or metal. there are many criteria in the intention of applying technology to change fiat into digital currency or cryptocurrency.

[andrehol 16294]

In countries where the economic crisis is occurring, this is possible. crypto fiat was replaced in Venezuela. But the governments of economically developed countries will not do this.

[rumanrt52 293]

well I don't think people currency exchange with any other currency. because in this time cryptocurrency is a legal and organised currency. and it's a very popular currency in this time. cryptocurrency has a very table future. 

[Naga 1250]

21 hours ago, amiraliko said:

Even if crypto is going to replace fiat it's not going to happen that very fast, not until all the people in the world start using digital currencies more than fiat and gradually fiat are getting abandoned.

i think people live in first world forget how there are still countries where they dont even have internet or basic human life needs, and they want these people to use crypto??

[zhaazure27 524]

On 1/6/2020 at 11:34 AM, 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? 

It could happen in the future. It takes a process to replace the real currency that has been calculating and has been in the world.

[Lunaa 238]

For now I don't it's possible for crypto currency to replace fiat currency one some country, why? You should know that every people in the world are using fiat currency. 

[ram007 391]

On 1/6/2020 at 11:34 AM, 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? 

it depends on how long does the acceptance or demands of people over cryptocurrencies will be,if this will become unstoppable,and many still trust and use it,there will be possibilities to changed the existing currencies.

[samislam 403]

currencies will be at same position but the crypto will common for transactions i think.because it is growing the popularity and we have to use them in future.most of the people will use them for paying and buying things later