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Could cryto currency replace physical currency in the future time?

  • Thread starter Thread starter Cmjoseph
  • Start date Start date
I was thinking that time will be far from now but as everything stands the time is now and gradually we are seeing it taking over physical currencies
 
Crypto currency is a fiat money soni don't think it can replace physical money simply because it is not a legal tender and cannot be accepted to be a legal means in al countries.
 
Never say never. Thee is nothing that is impossible to happen in this life with time backing it up naturally. I believe it possible over a very long period of time
 
Bookwormlux said:
The current fall of Crypto prices even makes things worst as so many people are beginning to think that Crypto Currencies are scam.
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When the price of all my cryptocurrencies actually dropped by 50% in the last few months its makes me to conclude that cryptocurrency is a scam, i believe also but with reading and good understanding i know it is just a normal thing.
 
As far as am concerned I don't see crypto currency replacing Fiat Currency in the nearest future. It's not even possible to spend crypto currency in the market talkmore of using it over Fiat Currency in the future
 
Jlife said:
When the price of all my cryptocurrencies actually dropped by 50% in the last few months its makes me to conclude that cryptocurrency is a scam, i believe also but with reading and good understanding i know it is just a normal thing.
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That is the level that ignorance can go in influencing our thought process, especially when we do not make deliberate attempts to learn.
 
Not necessarily crypto currencies but digital currency would most likely play a huge role in the currencies used world wide. We can already see those signs with many countries opting for digital versions of their fiats.
 
Yes, I think cryptocurrency could replace the physical currency in the future because even in Nigeria, there's an introduction of the e-naira. Although, those in the rural areas won't be acquainted with it but it would be used to a larger extent.
 
Considering the fact that knowledge is increasing and technology is abounding,its possible for the digital coin to replace physical coin.
 
I believe crypto currency will be widely used and even the government will accept it as a payment form, however, I don't think crypto currency will completely replace fiat currency.
 
Ayokex said:
The way everything is going with cryptocurrency these days, the handwriting is all over the wall. Cryptocurrency is on the move to render the fiat useless and irrelevant.
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Cryptocurency is actually gaining lots of popularity in terms of confirming transactions and doing e-commerce transfer.but it would be very difficult for it to displace the fiat,because most govt would not want to loss control of its financal strong hold of its role on currency regulation.
 
This is likely to happen when everybody sees cryptocurrency as the only way but now a lot of people don't really have interest in cryptocurrency, one of the things that could make cryptocurrencies not to be accepted by the world for payment for goods and services is the high volatile nature.
 
There are certain things that could make it quite difficult for business owners and one of those thing is dealing with a high volatile coin in which its next movement is never predicted. As I see cryptocurrency has little possibility of being considered as a normal mode for payment of goods and services in the future.
 
Well, in my opinion it will be could be exactly that way.
The future of digitization could make cash disappear and perhaps one day (but no one knows when), it will be possible to have a single digital currency all over the world.
 
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