Will crypto currency replace all national currency?

[CryptoMaxim 3829]

On 12.02.2020 at 11:50, Gafar said:

No, not for this cheek. We cannot do without national foods, but certainly much greater benefit can be achieved through digital currencies. There are many things that will make it easier. This is my opinion.

I believe that our world is not ready for such changes, at least in the near future. But cryptocurrency will make it easier for us to earn money and help us have additional income.

[Virgil dijk 1431]

I don't think this will happen, cryptocurrencies can never reply fiat currently because fiat currencies has its own function in it's nation , so fiat can't replace them , Instead if cryptocurrencies got adopted there will work with the fiat currencies.

[Dark_Sky 8489]

On 1/17/2020 at 6:40 PM, Pegem said:

Seeing the activities of different states for the crypto currency we can say that one day the crypto currencies will replace the national currency. 

That's possible in the future. 

Maybe someday we will use digital currencies or cryptocurrencies instead fiat currencies and I think it will totally replace. 

[BitcryptoHan 2557]

Cryptocurrencies and fiats are not competing, and if the link between fiat and cryptocurrencies are disabled today, cryptocurrencies will become useless. I do not think we should think of both competing because as for now, cryptocurrencies are not to fiats. 

[CryptoLover21 0]

Yeah, crypto currency will replace national currrency not only that crypto currency can even devalue the fiat currency but it will open the chance to do business world wide which will improve the status of the country.

[Moaz 7239]

I do not think that cryptocurrencies will  replace of national currencies. This is illogical, because national currencies are backed by governments and banks that have great potential and will not allow them to be replaced by cryptocurrencies.

[kizz 3370]

I think not, Cryptocurrency is different from fiat currency. Cryptocurrency do exist in cyberworld where you can use it to trade, invest, gamble and even exchange. Fiat currency of a certain country is the own kind of currency used in their own country. That's why there will no replacement might happen in the future since it is crypto is easy to exchange in fiat and even though crypto exist. Fiat is still handy and usable.

[Laboni 755]

Cryptocurrencies are more popular and in-demand than other sites so while cryptocurrencies can replace all other currencies Fiat cannot Fiat is completely government-controlled and legally operated. Fiat's demand will decrease but no currency will be able to break it He is confined to one place.

[Ndayebo8 0]

@kingsbtcI don't think that will be possible my Friemd at this present situation there are many online illiterates they can't deal with digital currency except if both currencies could be put into practice that will make it possible but fiat will still lead the market.

[guatazoo 7150]

On 6/7/2020 at 9:24 AM, MarsDota2 said:

Crypto currency will be having a more stable price when it gets legalized on every country and it is what all of us are waiting. It is called mass adaptation because the whole world will be using crypto currency as a financial system.

I also waiting till the day when cryptocurrencies will become one of the financial rest of the world, and I hope for this cryptocurrencies will become with very massively high price. 

[TimopheyKa 3900]

Of course not! Because, in fact, the cryptocurrency is held only on the world currency, as well as the demand for it. And it turns out that you will not be able to use cryptocurrency, it will be useless if the Fiat funds disappear from the world!

[BraveHeart01 1569]

It is near to impossible for cryptocurrency to take place of the official currency of each country as most of the countries are even not ready to get that currency allowance in the country.

[Tunuu 2235]

Many people are waiting for this to happen but i say this will not happen because fiat currencies are very powerful. They are been controlled by country's president, government and financial sectors so it will be hard for crypto to overtake fiat.

[Guru2050 8284]

To be frank it's impossible for Crypto currencies to replace national currency all because fiat currency must still be circulating in our localities for payment of purchases. Crypto world will serve as alternative means of making transactions.

[Izeal 4404]

No, cryptocurrency won't replace the fiat currency because which country want to replace their own identity and it is one of the greatest identity of the country. So, I don't think cryptocurrency will replace all national currency. Because cryptocurrency is the means of transaction if we have got crypto we can pay and if we don't have we can pay with fiat.

[Umidjon009009 59]

At the moment, I don’t think cryptocurrencies will replace the national currency because there are also underdeveloped countries.  But I think that the future of the national currency in the near future depends on cryptocurrency.  Only cryptocurrency will be used instead of national currency and this will be convenient in the near future.

[Jaafar Fahad Hassan 114]

For cryptocurrency to replace national currency is what I never see happening. They all play different role, so they will work together but not as one, many countries are yet to even accept cryptocurrency

[Dydk007 45]

that is impossible national currencies are identities of each country although cryptos have gained a lot of strength it is very difficult for that to happen

[Gans95 19]

I think no cryptocurrency can replace fiat currency, because which country wants to replace its own identity, and this is one of the greatest identities of a country. Therefore, I do not think that cryptocurrency will replace the entire national currency. Since cryptocurrency is a means of transaction.

Edited October 3, 2020 by Gans95

[hatambaba 1064]

I don't think its possible for now for the cryptocurrencies to replace the fiat, i mean we still need fiat right? by the end of the day we convert our coins into cash, whether its digital or a physical one, not just that, right now lots of countries are not yet ready to be a cashless society specially in the third world countries.

[whatislovebabydonthurtme 23]

I think that there is no point in replacing something totally. The best way is to cooperate and find common solution for the smoothest transition!

[Ftmkh79 1]

This will definitely happen in the future because digital currencies have many advantages over currencies, including ease of use, low fees, fast transfers, easy portability, and much more security.

[gourav789 2834]

I didn't think that this will be never happen , because their isn't too much people who know about crypto currency but Eveyone know about fait currency and how we will be used it . their is not any doubt that future of Crypto currency is bright but this will be never replace fait currency .

[Cryptic 0]

If that would happen then I think some business will face some losses since crypto's price is not stable, its price change over time as it is volatile. That's why it is good to have a fiat money because it will secure you from sudden fluctuation of the market since it is stable, so you could convert asap the crypto into digital money if you are accepting crypto as payment.

[Habib22 41]

Possible Concerns if Cryptocurrencies Replace Cash

Of course, there are also some huge challenges and concerns with this scenario. If cryptocurrencies outpace cash in terms of usage, traditional currencies will lose value without any means of recourse. Should cryptocurrencies take over entirely, new infrastructure would have to be developed in order to allow the world to adapt. There would inevitably be difficulties with the transition, as cash could become incompatible quite quickly, leaving some people with lost assets. Established financial institutions would likely have to scramble to change their ways.