Can crypto replace other currencies?

[MrGox 880]

It is just so early to say cryptocurrency can replace the fiat currency, but anyway we will see it in the future that, this world replace our world. It no exaggeration. 

[gourav789 2834]

I didn't think that this is happen in future , this is true that usage of Crypto currency incraese with good speed when crypto is accepted .

but this is really impossible for Crypto to replace fait currency , beacuse there is still More than 70% people in world who didn't know about Crypto market .

[TheRaed 1247]

Yes, that is very likely, but not in the near future
Perhaps, in my opinion, after fifty years, all our transactions will be done in cryptocurrencies, and the other currencies will not exist

[hasan007 206]

I think is not possible within 5/6 years, cause the world economy is based on the fiat money and all country's economy run with this system. Its very tough to replace his position but now a days crypto is doing well, hoepfully will be a great competitor of fiat money. 

[Dark_Sky 8489]

On 1/6/2020 at 1:17 PM, Wijayafajar06 said:

It is very difficult to replace a currency because there are still many countries that have not legalized crypto even though there are countries that have legalized crypto and for now many people use crypto for investment.

That's right but I think in the future they will accept bitcoin as a payment or part of their currencies which they can use it to buy what they want. In addition they will never remove their current currencies instead they will only add cryptocurrencies as a payment. 

[Yomose 3704]

35 minutes ago, Basicity said:

the future cannot be guessed at will, will Crypto replace other currencies, if people start to move to Crypto all that can happen. Chances are there are only a few that still use other currencies besides Crypto.

Look into this deeply and know it is not possible for cryptocurrencies  to replace fiats or others like gold and diamonds. They are all useful, fiats are even used digital like crypto. 

[Tine0313 3053]

Maybe in the near future crypto can be use as currency by a lot of people but I don't think it will replaced fiat currency may be fiat and crypto may use at the same time. Maybe crypto will be recognize by people someday.

[Ndayebo8 0]

On 1/6/2020 at 5:55 AM, Soaib khan said:

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

The crypto can help the process of the financial of the country to better conditions, and with cryptocurrency, their people can have a chance to make money by doing many things related to cryptocurrency.

[Naylor89 1223]

Cryptocurrency is a new form of breakthrough in payment technology in modern societies that increasingly demands efficiency in transactions, so cryptocurrency is quite influential on the payment system. I guess that the replacement can happen in 20 years, not earlier. People are very dependent by Fiat now.

[TimopheyKa 3900]

A very frequent question, but I think not! Because, in fact, cryptocurrency is a source that depends on Fiat, that is, it would be useless if it did not have the properties to trade and exchange in the currency world!

[Guru2050 8284]

It can't completely replaces fiat currency but Crypto can be the best and outstanding, fast and easy, most safe and secure means of making global transactions better than fiat currencies. Considering some of its features it doesn't require third party and has very low fees charges.

[Moontong 5312]

Cryptocurrency cannot replace any currency especially fiat currency because fiat currency is our standard currency and we really need it for our daily lives. Whenever we want to buy things we want we can easily buy it using fiat currency. Cryptocurrency is important and good as an alternative currency for fiat currency.

[Sugibengi 390]

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? 

In my opinion cryptocurrency cannot replace fiat currency, because every country in the world has its own currency, the currency of each country as a symbol of that country exists, and in my opinion cryptocurrency will only be an alternative currency to fiat, besides cryptocurrency can be used as an investment asset.

[Tunuu 2235]

Are you talking about replacing fiat currencies? I think that may be possible but not in physically life but digital life. because we use fiat everyday in our life activity so i think crypto may replace fiat in digital life.

[Solex 2262]

Cryptocurrency can only be used as an alternative currency but I don't think it will ever replace Fiat because it has been in existence for a long time and many people don't know how to use internet which will enable them know crytpo, and mind you every country have there own currency which is legal but crypto is not.

[pacific 2268]

Cryptocurrencies may replace Fiat currencies in the days to come. But, I don't think it will be applicable worldwide, only some countries will be giving emphasis to virtual currencies.

[Abdul41x 0]

I never believe that one day crypto currency will replace Fiat currency is not even possible but crypto currency can have wide recognition and adoption.

 

[Sarahden111 1231]

Personally, I do not think that this will happen soon and that an event will take a long time to happen because most countries are based on bank transactions and transactions based on traditional fiat currencies And because the replacement of cryptocurrencies now takes time to seriously rebuild the economic system, based on currency technologies

[Chief executive officer band 681]

impossible to materialize for the reason that this fiat currency, this is the currency that we are second-hand before until now, this will be better if the cryptocurrency will be old by fiat together to balanced the treatment of it by the civilization

 

[Nikel_jery 49]

That is very difficult to do, because cryptocurrency tends to be used for criminal acts such as money laundering, the sale of illegal goods such as on the deep web, all because of the system. Cryptocurrency system that is very safe and not centered, it results in no party that can be wronged

[khan22 3478]

Still crypto market is not legal in all over the world but still it is going to be legal and that time almost al the world currencies is going to be finished becasue every where peoples are going to be used the crypto currency and also in stores peoples buy the things through the crypto currency.

[Chief executive officer band 681]

traditional coins will be replaced with cryptocurrencies in the expectations for the debate that they be in possession of facial outer shell that attract investors, users, stow owners and company's. 

[Teminali69 1081]

22 minutes ago, Chief executive officer band said:

traditional coins will be replaced with cryptocurrencies in the expectations for the debate that they be in possession of facial outer shell that attract investors, users, stow owners and company's. 

But as we all know brother that the government owns the country and they do not get anything from crypto while they make riches from traditional currency.. I bet they will do anything to prevent the outbreak of crypto.

[decemberends 1881]

Not guaranteed as every currencies have different types of how they work other types of them arent compatible well with crypto as this might can help to other currencies its only few i doubt that it can be alot as of now.

[Izeal 4404]

I don't think it will replace the other currencies but it should be the options for the payments. I think cryptocurrency can't replace the whole currencies because the currency are like identity of the country. So, it will be the option for the payment along with other method.