Will crypto currency replace all national currency?

[decemberends 1881]

No i mean definetly no as for every nationality currency you know has different types of it when it come to how it works as this replacing crypto will be very confusing for daily value because every currency in different countries has different values so considering that for poor country its very unfair.

[Jaafar Fahad Hassan 114]

We can all see clearly that cryptocurrency is taking over a lot of things, it striving so hard on most national currency,but I don't see it in any way where it would take over all national currency, I think it can only remain digital, but not take over other currency

[Tetrisreal 219]

I do not think it will replace it but I do believe that it will be considered one more currency in the market of each country, just as the United States dollar is now considered, it is not the national currency of many countries but it is traded with that currency as well as with the national currency according to each country.

[juan vallez 185]

Replacing fiat money is unlikely in the near future fiat money will always have a place there will always be people who want to receive fiat money even when cryptocurrencies dominate fiat money will adapt to cryptocurrencies but to disappear is very far from that happening

[alexandra fernandez 44]

Will the cryptographic currency replace all national currency? I really doubt that this can happen for now in my opinion I say that both will work hand in hand. Because since its creation, every aspect of the Bitcoin network has been in a continuous process of maturation, optimization and specialization, and should be expected to remain that way for years to come.

[hugo parra 20]

por los momento no la remplazara tendra que cumplir con todas la regulaciones que le impondran para que sea un mercado alterno donde estas se podan cambiar en yobit.net

[chawki28 55]

I do not think so, but who knows, everything may change in the future and all countries will unite and become a single currency

[gbfisher 1815]

I think crypto currency never replace all national currencies because both have their own importance. Mostly persons in the world dont know crypto currency. Every country have their own fiat and they will be working for making their economy best by facing mutiple challenges. Mostly countries were not able to adopt crypto currencies due to lack of education. Paper money is use for our daily life expenses and crypto currency is suitable for trading and investment. Fiat and crypto are working together is more helpful for the world. 

Edited October 24, 2020 by gbfisher

[Mike1515 2977]

I dont think this is pretty good idea I think we should complement the two so we need to work with it with it perfectly we need to work and work well we need to really define everything in the right perspective and in the end its going to be something that really takes everything perfectly and I think the two can work perfectly

[cryptovlek 2597]

Where exactly you base this question and what is your logic behind asking this? You have seen ten thousand altcoins in coinmarketcap and you think people will just go outside and make their shopping with tokens? 

[Kami505030 1617]

Possibility is available here. The trend and the familiar of crypto currency indicates that in the coming few years every will be singing about Crypto. So it seems like the dominancy will goes to cryotoworld. So my answer is yes. Crypto has the ability to come and banish all other national currencies.

[Zeshan Khalid 2577]

National currencies are integral part of any countries economy and their demand will always remain more than crypto currency. Even crypto currencies are earned to transfer them to national currency form so its very difficult for crypto to replace it.

[wassim19 645]

I think that the cryptocurrencies will have a great value parallel to the paper currencies of countries and this is due to the great advantages that they have, as they facilitate the payment process in any field and we do not need paper currencies, and the cryptocurrency may become the leader in the future

[ShiNorton 906]

I don't think cryptocurrency replaces all the national currencies because some countries in this world have not legalized crypto as a means of payment method and financial tool.

[Goyaa 2414]

I don't believe that can happen, national finance is regulated by the laws of every country and cryptocurrencies have no rules to take over national finances, instead their emphasis is on cryptocurrencies. Crypto cannot be used as national money because the rules do not allow it, maybe only for investment.

[Shaheer16 908]

On 1/14/2020 at 2:07 AM, 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 crypto currency replace all national currency?

I think this is not possible, there is no doubt that cryptocurrency is very good profitable and transactions are fast. And it is a modern currency. 

But it can never replace fait currency. Because fait money has physical value and control by the governments through their policies. 

But no governments and organisations can control cryptocurrency. 

[aisynawa310584 1086]

It might happen, but through a long process, of course, it's just a personal opinion, considering that each country has a different financial system ... when it comes to "all national finances"

[han4036 307]

Some countries will be able to use Bitcoin instead of currencies in the future and now where cryptocurrencies are not used, they can use it if they know the benefits and cryptocurrencies can go along with the currency of that country. 

[Zafarwaheed 0]

On 2/6/2020 at 9:47 PM, Ridam said:

The fiat currency are completely different from the cryptocurrency, yes the use of Cryptocurrency will increase in future msrket but the national currency will be still there

I think it is impossible to happen. Because paper and Fiat currency has it's own place in the market. And in the using country it will be working well . No one can place the position of these currencies. But in future ots the possibility that they will work with in future. Thanks for the topic my friend.

[Brandonsaw 1973]

I would say that we should replace the national currency since with it we do not have the opportunities that we have with cryptocurrencies, cryptocurrencies are super better than physical ones, there is no doubt.

[Jromz 2158]

I think that's really unlikely to happen, probably we won't ever see bitcoin or other decentralized cryptocurrency replacing the national currency of a country, rather, it seems more likely that national governments start  to adopt blockchain technology to develop their national cryptocurrencies, liike the case of China or Sweeden, and possibly such cryptos might eventually replace cash money.

[sarahmoses202020 251]

On 1/14/2020 at 5:57 AM, Jeet Narayan said:

This may not happen. This is true Crypto growing very fast but every country will create their own crypto coin to use but they also use their paper money for some use.

Well I think people fail to understand that paper money wont go anywhere. Physical money is important in so many situations and virtual money can't be used there. People love to throw away money at events and ceremonies but without physical currencies it can't be achieved. I strongly believe that they will both co-exist.

[matias estigarribia 1605]

Hopefully brother, that would be very good for emerging countries that always depend on great power and lend us their currencies with really high rates, hopefully the world tyranny will soon end.

[jahanhabiba29933 377]

Of course, cryptocurrency will take the place of national currency.  Because the number of cryptocurrency users is already increasing and the number of new members is becoming more and more interested in using cryptocurrency. Moreover, cryptocurrency has now been introduced as a payment system in various places.

[leakydonney 1402]

On 10/26/2020 at 10:59 AM, Zeshan Khalid said:

National currencies are integral part of any countries economy and their demand will always remain more than crypto currency. Even crypto currencies are earned to transfer them to national currency form so its very difficult for crypto to replace it.

I agree with you friend and also Crypto can not displace fiat because they are interdependent to each other as  fiat is used to denominate the price crypto tokens and used as the only way to measure bitcoin's performance