discussion What Will Happen To Fiat Currencies If Crypto Ones Are Adopted?

[George10 9932]

Hello mate if in the near future cryptocurrency gets adopted I think the use of fiat will also continue its only that it will have a companion to work together with by the name of crypto currency and this means they will work together as one currency without any boundaries or discrimination of the other.

[Ali_hmwi 966]

Both Fiat and crypto coins will stay available for people no coin will make a big troubles for the other and countries will not let crypto affect their paper money and the opposite is right.

[SuperCrypto 7193]

I say goodbye to paper money . Soon the world will be moving towards digital currencies in the next few years there will be many changes regarding currencies, economic operations, paper and metal money transfers and plastic credit cards.

[Laboni 755]

Fiat currency will never end, as long as there is crypto, Fiat will remain. Accepting crypto ones will increase the value of each currency and make the transaction faster. It will gain popularity in every world.

[Lover840 0]

On 3/15/2020 at 1:30 PM, Bohana said:

Hello guys. It is a clear question to discuss. What do you think will happen? Will fiat currencies disappear? Will the to types of currencies work together?

Share your opinion!

That's a very intresting question my dear friend. But i would like to tell you that even if crypto is fully adopted. There will always be fiat currency. Because its really hard to work without fiat currency which is stable. 

[Ridam 7455]

I don't think fiat will get disappeared because of Crypto maybe some revolutionary happens to the fiat and but disappearing is the next level. And Crypto and fiat are completely different things and work on different algorithm. So nothing will happen to fiat though user may decrease.

[Raqeebzy 6456]

A very good question. 

The emergence of cryptocurrency being used worldwide won't see fiats going into extinction. Rather, the over independence on the dollar and the likes will be reduced drastically, but there will be enough need for 'em

 

[Jessica Karren 1242]

No, both currencies can't work together, one has to be dead. If world accepts cryptocurrencies then we will see that fiat currencies will be completely disappeared. 

[Bohana 2143]

2 hours ago, laska smrtici said:

I don't think this will happen but will still deal in fiat currencies as well as cryptocurrencies and I see that much better

I agree with you. Fiat and crypto currencies can be working together as they complete each other as I say. Crypto will benefit the people a lot if they start using it.

[guatazoo 7150]

On 3/15/2020 at 11:00 AM, Bohana said:

Hello guys. It is a clear question to discuss. What do you think will happen? Will fiat currencies disappear? Will the to types of currencies work together?

Share your opinion!

Don't think that the fiat currencies will disappeared, because fiat currencies hss very long story till now and its story is cleary. But cryptocurrencies till now doesn't accepted some some if the world's countries such as USA. 

[Syedbesharat 5423]

On 3/15/2020 at 1:00 PM, Bohana said:

Hello guys. It is a clear question to discuss. What do you think will happen? Will fiat currencies disappear? Will the to types of currencies work together?

Share your opinion!

The USA have started their adoption and experimented .Now the process is started it will take few years to fully progress.Because the theory and real world working place have many significances .We will witness all the changes of Paper money to Crypto money around the world.

[teminalibug 309]

There is no stoping bitcoin so there is only one of the two ca happen, they would all work together or fiat will fall.

[Upright 2688]

For me, even if Crypto are adopted every where in the world, the use if fiat will still be there as basically having Crypto won't just erase the existence of fiat money just easily like that, as fits if all Crypto is highly known to some some countries as illegal method of owning money

[pablomarwan 3082]

It may disappear, but not for the coming years or the next decade, because there are some complications regarding these issues in the third world and in view of the mentality in which they cling to paper currencies. It can disappear, I'm sure

[Cammer 4609]

5 hours ago, outsskux said:

is not. Fiat still exists. would be like "whoever does this". 2 types of money serve 2 different worlds, one is cash and the other is virtual money. It will continue to maintain its position as well as its mission. 2 currencies will exist in parallel.

That's exactly what I was thinking! We always say "Crypto vs Fiat" and we have never thought of these two types of currencies working side by side.

[Adrian Adkins 11]

Of direction, no one can are expecting the future very correctly, however one manner of guessing it more accurately is to invent it. Adoption will consist of new crypto merchandise that produce products that human beings want, both in rising markets, wherein financial systems are damaged. By the cease of the last decade, most era startups can have most crypto additives, simply as most generation startups are the usage of net and system gaining knowledge of nowadays. Governments and establishments will even input the cryptocurrency area to a large extent.

[NevermindNe 549]

I think that nothing will happen to them, they will also be used, but sooner or later most people will use cryptocurrencies and Fiat will no longer be popular.

[Maroua 1159]

Yes, it will disappear completely, but not at this time. It is too early for the paper and metal money to disappear. The electronic currency will dominate everything in the future.

[Mishu1234 101]

I don’t think that if crypto will be adopted then anything will happen to fiat currencies because there are still a lot of people of who are using fiat and do not believe crypto  

[Calvinpriva 17296]

This is very hard to happen, i don't think crypto can adopt and make fiat to disappear, crypto is very useful and very valuable but fiat money its very powerful and thats why it will not disappear.

[Laboni 755]

I think taking crypto ons would be nothing on fiat currencies, but it would make our job easier. There will be benefits from both sides but it will take a long time The crypto is already Fiat and there is something else to be accepted, but the Fiat will never end. Its dominance in the market will continue.

[Rezort 846]

In my dream future, cryptocurrency will be the only one payment method and every thing in our would will be connected with blockchain and other technologies.

[TangoDance4 23]

Currently fiat system have all the cryptoworld under control. Times when a full changing of system are far away in the past. Bitcoin has became only a speculative coin and fiat rules are spreading worldwide.

Edited April 10, 2020 by TangoDance4

[Ms.o 3322]

Crypto became very much popular now as we are getting innovative, there are speculation that money will replace by crypto in the future but it is not as easy as that. Fiat currencies have a major role in this world but if they can solve the main problems with adoption and build the right infrastructure, we could end up reaping all the advantages such a system would offer.

[IamLeader12 682]

I think that after this there will be a symbiosis of Fiat currencies and cryptocurrencies, I do not know how it will be implemented, but I am sure that someone will think of doing it.