Will crypto currency replace all national currency?

[kingsbtc 910]

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?

[mskhatri24 299]

It is impossible that cryptocurrency replace all national currency as 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 around the globe.

[tienda 8776]

Will crypto currency replace all national currency? I think will never and impossible that cryptocurrency replace Fiat money they will exist both and will work together one is for physical things and other is for digital things.

[PiroSense 2681]

4 hours ago, kingsbtc said:

My question is Will crypto currency replace all national currency?

First off, those tons of coins you see on the CoinMarketCap, almost 90% of them could be useless. Only focus on those top ones.

 

Second, to answer your question, it depends on the governments if they would permit such idea from happening. But there is no doubt that it is possible. Cryptocurrencies are basically just currencies that are mostly decentralized, and no policy and regulation controls it. Such thing is good if you want more privacy, but makes it also a tool for illegal activities and there is lack of insurance once you get hacked.

[Aereen 456]

I personally think it is very unlikely that cryptocurrencies are going to replace all national currency, a country's currency is one of its identification, although when one is travelling it could resort to using cryptocurrencies instead of trading fiat once cryptocurrencies are accepted and adapted.

[Jeet Narayan 1940]

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.

[Soaib khan 1035]

maybe crypto currency not replace national currency because most of peoples not know about crypto and not educated.some countries already banned crypto.

[fo1lluko1l 487]

I think that no, the maximum that governments will do is declare the cryptocurrency as a reserve currency, but not the main one.

[Roomi 1119]

8 hours ago, 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?

This question is the most common question now a days. And it is just because of adoption of crypto currency is increasing day to day. Keeping in mind this question is being raised mostly now a days. And the most probable answer is yes. In near future we are seeing crypto currencies as a major medium of exchange 

[Epic 289]

I dont see that happening in the future, but i do see bitcoin replacing the us dollar as the widely used currency online since bitcoin has all the advantages that the dollar has plus its unregulated so a lot of people who like to be anonymous will find it appealing. Plus bitcoin has the tendency to suddenly increase in value so I see more people using bitcoin in the future.

[Ahmedabdallah12 169]

I think it may happen after 20 or 30 years from now , crypto world is spreading day by day 

[Brushless4500KV 4214]

8 hours ago, 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?

National currencies are fully centralized and are controlled by governments. Ordinary people can't change or replace the fiat currency of their countries. Another problem is that cryptocurrencies still can't be used for large payments. International trades need big money transfers and traditional traders don't trust crypto coins for sending money worldwide because trading with volatile currencies is difficult. However, some countries may try to develop their own cryptocurrencies in the future with some regulations.

[ahmad 45]

This may really happen and cryptocurrencies replace national currencies in all financial transactions, because dealing in cryptocurrencies is much easier, especially in electronic commerce, and it keeps you from carrying a lot of money in your wallet and roaming in the markets, as it is safer and you can profit by trading it on platforms.

Best regards

[bliznec 22267]

Only Bitcoin can overcome all difficulties and will soon replace the national currency. Only Bitcoin and Ethereum accept this and move on. Who knows when this will happen and cryptocurrency will replace fiat, it takes time. 

[CryptoMaxim 3829]

33 minutes ago, BensonIT said:

Yes it will at some point it will fully replace but it would be accessible to all and funds transfer From one country to another country will be more easier and anoynomus 

Because the age of technology is on the rise which am sure will facilitate this 

It's hard to say that now. . I think after passing a certain time it will be easier to assume well, now the cryptocurrency is at the beginning of the path.

[Muneeb123 2]

9 hours ago, 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?

Well dear i think it is not possible to change the cryptocurrency with national currency dear cryptocurrency is a digital currency so imposible to change it with a physical currency .

[Ankit Nepal 719]

9 hours ago, 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?

No actually it is not even possible to replace the national currency of a country. Crypto is valuable but not so as national currency. Crypto currency can never replace national currency because a country  gives its first priority to it. So it is not possible to be.

[Yanadia 1517]

3 minutes ago, Muneeb123 said:

Well dear i think it is not possible to change the cryptocurrency with national currency dear cryptocurrency is a digital currency so imposible to change it with a physical currency .

Yea it is right , with the development of cryptocurrency at this time can not shift the conventional currency because people will still be looking for safe by investing conventionally in terms of nominal security that does not change.

[Honny143 13612]

no I don't think crypto currency replace any nation fiat currency because people use fait currency  so many years every currency have their value like USD euro rupee USD is the strong currency in opinion in my nation my government never accept them for tax payment because lot of companies industry and banks work in pay of tax when revenue not generates how to work government so my nation not accept crpto currency

[Andrewg420 378]

I don't think it's possible for cryptocurrency to take over all currencies as not all countries in the world are developed enough to handle fully digital currency and since crypto is decentralized it cannot be regulated by any country meaning it wouldn't be adopted that easily.

[pakjobhelp 1585]

Crypto Replace the paper currency:-

In my opinion this is not possible that crypto currency take the place of national currency. Every country have the own national currency but crypto currency is decentralized in this way crypto cannot take the place of national currency.

[Migo 7946]

This is almost impossible, because fiat and national currencies are not like cryptocurrencies, I mean they are stable and they have their own place in the financial system in the world and the countries cannot leave it just like that, so this is hard to happen 

[Satishmolankar 1703]

I don't think this will happen because I think in future it can be but it will take time and because of many countries does not support this currency first every country should accept this currency then only we this think about national currency 

[Win 1015]

I think some will replace but not all kind of national  currency.

But maybe in 10-20 years 50% of national currency will replace by the cryoto currency,(my own opinion only).justblike today lots are into crypto currency users

[Tajio 19]

Yeah, I thik that it will take over national currency.but that will take much time.it is so easy to oparate.