Will crypto currency replace all national currency?

[Merry Cherry 670]

It might be possible my Friend but not now because many people and countries didn't accept it yet so now its not possible and because of its high value in market. But i think may be it can be possible in future as its getting importance everywhere and its value is increasing  as days are passing as well.

[Junaid97531 8]

Yes, of course the day is not far off when all countries will accept cryptocurrency as the national currency, because the price of cryptocurrency is rising and everyone is weakening towards it.  The popularity is also increasing a lot.

[piuri01 446]

Hello my dear brother, your question is very good, I think not, the national currency or cash will always exist, the truth is that more people will choose to have virtual currencies, because they are safer and easier to take anywhere.

[hghadeer611 689]

I do not think so, as despite the widespread spread of cryptocurrencies, there are still many governments that do not allow the circulation of these currencies and certainly governments will not allow the abolition of the original currencies even if they allow the cryptocurrencies.

[Crypto Eng. 1142]

We cannot predict the future of cryptocurrencies, as this technology is still prohibited in many countries of the world, so it cannot completely replace fiat currencies, but it certainly helps to facilitate financial transactions between parts of the world.

[Malik jnb 704]

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?

In my opinion it is not impossible we know that bitcoin is more popular coin and very profitable but every national currency have unique value and unique economic. 

[Saleena micky 685]

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 .

[Zein21 839]

These posts have become very frequent for today. I have read more than 9 posts talking about the same idea. My answer is that it is inevitable and there is no escape from it.

[Jikansamu 1125]

Its obvious that the crypto currencies are gaining recognition and being widely accepted and used by thousands of members around the globe,but that doesn't mean that they can superseded and replace the local currencies!, the local currencies ate official and therefore won't be easily replaced by any other form of currency

[Jessica7 1132]

Despite the increasing popularity of cryptocurrencies, we cannot say that they will replace national currencies at the present time, but in the distant future this could happen.

[Malik Abi 0]

Dear I do not believe that crypto currency can replace every nation's fiat currency because citizens have used fiat currency for several years and each currency has its own value, such as the USD, euro, and rupee. In my view, the USD is the strongest currency in my country, but my government will never allow it for tax paying because many businesses, industries, and banks operate to pay taxes, and if money is not generated, the government cannot function, so my country will not accept it.

[Emma james 333]

I don't think it's going to happen in the near future because people haven't got around the idea yet and of course it is still hard to apply on the world because of the financial system but it definitely going to happen some day. 

[Michailma 637]

cryptocurrency is just a digital currency that hold amount of money but it only circulates on online exchanges and can be used on investment and online transaction.thers no way it can replace national currency even Bitcoin has reach $100000000.it will still remain as digital currency, i think it will not affect it.

[Vola1s 727]

I don't think that cryptocurrency can replace a country's national currency, because I don't think that's going to happen. The reason is, each country has its own currency and they protect it with the laws that apply there. The finances to be used must of course get permission from the government, here cryptocurrency cannot be used due to regulations.

[rebalcrypto 457]

At the present time, I do not think that this will happen. Each country has its own national currency and imposes fees and taxes on it, and with the advent of the cryptocurrency this matter will not be realized. Therefore, the governments of countries will work to thwart this project in order to serve their interests. But I believe.  Bitcoin will become the main currency in the global economy and trade, as it is for the dollar now

[Zulqar1122 98]

I think it is not possible that cryptocurrency will replace all the other national currencies because every country have its own coin and its own significance so it cannot be possible .

[aliakel131 576]

I do not think that such a matter is possible. We cannot completely dispense with fiat currencies, but in the future we will see the use of cryptocurrencies more broadly and in all areas of life.

[Saberali 530]

Its not possible and can also be said as impossible thought because as we know Cryptocurrency is a digital currency which is not certain and national currency is legally bounded by the government so i don't think that these question should arise in any of the minds.

[HumamAliDeeb 590]

The features of the new global economy are emerging with power and speed that exceed the changes recorded by the economy throughout history, and the "Covid-19" pandemic has accelerated these transformations, which have been achieved on the ground, as a global experience to deal with digital payment through credit cards and the use of online payment applications and the announcement of the beginning of the end The era of paper currencies. And the trend towards investing in cryptocurrencies and digital currencies by investors, but it may be adopted by central banks and countries and this takes time, for cryptocurrencies to impose their presence.

[علي سليمان 1071]

Don't believe, my friend, that this is wrong thinking. No digital currency will replace fiat currencies, because each currency is important. But work on digital currencies will increase for the speed and ease of trading

[MoradSaQr 756]

I do not think that we can know the definitive answer to this question. Letting go of patriotic ideals is a very difficult matter and does not happen easily. It may take many years, but I think we will see it happen  We are fortunate to be present in this period of time and witness huge transformations that change everyone's lives

[Alix188 585]

I do not think it is possible to completely dispense with fiat currencies, cryptocurrencies will be used as a means of payment and exchange of money without the need to dispense with regular currencies, but I think that governments will accept the use of blockchain technology

[karam_s 412]

Certainly, cryptocurrencies will replace all national currencies. This pandemic has proven the harm of paper currencies to human health because they transmit harmful viruses through touch. Many countries have their own digital currency. Experts expect that the traditional national currencies will disappear within years.

[Moon87 798]

The future of cryptocurrencies is very good. Governments ignore the recognition of cryptocurrencies and people work with them, trade and keep them. I think it is a bit difficult for cryptocurrencies to centralize for many reasons.

[Tomy2 375]

Its not possible that crypto currency will replace all National currency because this will mean that even the people that cannot use crypto currency will still have to use it such as those in the undeveloped countries which will make international trading very slow