Will crypto currency replace all national currency?

[Naha62 752]

I think it is impossible that cryptocurrency cannot be replaced with any national currency because every country has a unique currency that has unique value with unique economic challenges.And no country should replace its currency with any other currency.

[Duddi01 401]

Dear mate I think that it is impossible that cryptocurrency replace the national currency because every country has it's own currency and fiat money is the basic need of peoples and in many areas of the world there is no internet facilities so in this way cryptocurrency never replace the national currency. 

[BhenGhix 804]

If we view it of how many countries are not fully accepting the cryptocurrencies, then you will come to conclusion that it will not actually replace the national currency but in another sense of how it is gaining popularity, one can conclude and declare that it will absolutely gain the strength.

[mistertruthful 60]

crypto actually has a chance to replace all the currencies we have now but i doubt it will happen soon though we can already make some payments nowadays. crypto should go through a lot of changes and developments to be a good replacement for all the currencies we have now. if crypto replace all the currencies it will badly affect the economic world because banks and governments are not ready to accept crypto completely at all

[Gradenigga 63]

To my own understanding Every nation has unique currency with unique value with unique economic challenges and till now even dollar didn't replace them. But I think just like dollar, crypto may be the universal currency for trade and investment. 

[Anastasiaa 27]

its not possible that crypto currencies will replace all national currencies because the long term effect will results into monopoly of assets

[Alex Fron 602]

That's right, Cryptocurrencies is being accepted in many countries as a digital currency and payment. Because it is very useful and trusted for investing and sending payment from one country to another country. But it can't be said that it will replace the national currency. The people of most countries still have been afraid from digital currency because they haven't been gotten awareness about it and believe just only physical currencies. And the national currency is also nationality sign that can be replaced. No country will leave their national currency I think. 

[kion 381]

Well, I personally don't see that happening anytime soon or even never, because cryptocurrecy are invented to serve as a backup for paper money that we are using currently, so it would not be possible to think that cryptocurrecy takes over the work and they become the number one means of exchange.

[Abrar1122 10]

I do not think it is easy to replace all the countries or it is easy to even replace the one currency of any country I don't think it will happen in any way

[pacific 2268]

As cryptocurrencies being a decentralized platform, it is free from government interference or any third-party manipulations. Since, being open as there are no central authorities to control the flow of it, still it will bring anonymity in the transaction and there's no way to keep the transactions in track and as per the law. So, being a decentralized currency, there will be much drawbacks when it comes to maintaining the supply and demand, and also the price fluctuation will create a burden in daily transactions on buying any commodities.

[Michar1 1693]

Hello, it is something that has remained in dispute, since many are those who maintain the idea that if it could be that one day cryptocurrencies can replace fiat money, while there are others who think that this would cause a failure, in the economy.
Really this is seen as a point in favor and I find, since if we analyze it, it would be a good opportunity but also this opportunity would bring negative points, because if cryptos replaced the fiat currency, it would happen that the coins would lose their value to the pass of the years.

[BhenGhix 804]

16 hours ago, Zarnab said:

May or may not be it is not accepted by all countries. Some countries banned the cryptocuurencies due to some reasons. But mostly country prefer to use it so in these it may take the place of national currencies.

This is actually another point to reason on.

The fact that some countries accepted and embraced it while many other refuted it, is a clear visualization to think about.

We can not actually conclude and declare that Cryptocurrency will replace national currency because it is yet to be accepted in some developed and developing countries.

[Roarnoman12 621]

It seems as it will replace all the national currencies of the world but it is not possible. A national currency is an identity of every country. And it is not possible to loose identity.

[Dang3r 103]

It is normal for cryptocurrencies to dominate coinmarketcap since it is the purpose of that platform, you will never see Fiat currencies being orchestrated by the coinmarketcap API, it is something totally illogical what you mention.

 

Regarding your question, it is possible that cryptocurrencies become a viable alternative within many countries and payment with them is normalized, however they will never be able to eliminate the hegemony that the dollar or the euro maintain over the economy

[Rao Usama 68]

According to me yeah it will be happened because every thing is digitize and every thing is on the mobile or laptop so you can say in future the digital currency will take over all the other currencies........ 

[kingcrypto27 168]

Hello dear friend, you ask a very good question about cryptocurrency futures about national currency, I say Bitcoin will never replace our national currency because our national currency already establish for many year but Bitcoin can be use our 2nd national currency.

[Faizan12 1708]

Brother don't think so because they both have different places in there own so i  don't think so they replace each other but yes i am confidential say that the crypto currency is more popular than national currencies 

[Pereira 2303]

I do not think this will happen very soon, but I do believe that this may happen in the future, that the cryptocurrency causes them to eliminate national currencies and these take their place in the commercial field, for this it is important to have found its growth for years until now, that is why its large-scale growth is stipulated in the near future.

[Sumon21 151]

Cryptocurrency can never replace national currency. Because we bought the cryptocurrency in exchange for the national currency.  Moreover, not everyone will be accustomed to cryptocurrency. So it is not possible.

[isther69 522]

It is within the possibilities that cryptocurrencies can replace fiat money for its great advantages of transactions in a short time and its low cost of transaction fees which make it very attractive for people who handle large amounts of money to make payments of high amounts of money, on the other hand in times of global pandemic as we are facing now is good digital money due to the high risk of contagion by the handling of banknotes between people.

[Sypher9 1162]

In my opinion I think it is impossible for crypto to replace fiat currency of each nation because that's a symbol and proud of

 every country and maybe crypto will just be as a second currency when it gets accepted around the world.

[Hami Rai 111]

Crypto can be take place as universal currency because crypto growing fast it make their place in universe .at the time  passing people take interest in crypto and working on  it . 

[Mecalum 421]

Dear friend I think that cryptocurrency never replace the national currencies and it is impossible because in many areas of the world there is no internet facilities and most of the peoples do not know about cryptocurrencies and the fiat money is the basic need of all the peoples so in this way cryptocurrency cannot replace the national currencies.

[Ayinlek 42]

On 13/01/2020 at 10:07 PM, kingsbtc said:

It is like crypto currency is taking over, if you check well you will find out there are so many crypto currencies in coinmarketcap.

My question is Will cryptocurrency replace all national currency?

Yes you are right about crypto currency taking over the world, though  I doubt crypto currency would replace the national currency but might be more in circulation in many more years to come.

[naticripto 203]

It is incomprehensible that digital money supplant all fiat cash as each country has special money with one of a kind incentive with interesting financial difficulties and till now even dollar didn't supplant them. In any case, I think much the same as dollar, crypto might be the widespread cash for exchange and venture around the world.