Could cryto currency replace physical currency in the future time?

[GIFTMICHAEL]

Like you just commented , the answer is a capital NO, crypto currency can never replace the normal currency even if its generally accepted universally as a means of payment.

You're correct too. All i know is that, we need the two to work hand in hand and deliver transactions faster without hassle. Remember when selling the coins we need Fiat currency to accept as payment.

 

[Sotherefore]

So the bitcoins that the forum paid you , its still in your trust wallet? Maybe the better option was to withdraw bitcoin to binance and exchange it to cheaper coins there.

I actually withdraw it to my binance and exchanges for ripple, when I wanted to withdraw it withdraw fee takes half of the money, that is when I concluded that storing of bitcoins in crypto wallet is not the best, I should have store it in cryptocurrency exchanges.

 

[Justin]

I don't believe that they will happen but what I believe that many countries will launch their own digital version of their fiat currency. In fact this work is already been initiated in many countries

 

[Aaron625]

I actually withdraw it to my binance and exchanges for ripple, when I wanted to withdraw it withdraw fee takes half of the money, that is when I concluded that storing of bitcoins in crypto wallet is not the best, I should have store it in cryptocurrency exchanges.

Yeah or if you want to sore in wallets , try coinbase or blockchain where you can also swap it to other cheaper coins. Binance is the first prefernce though.

 

[akinlolu99]

With the development of Bitcoin in 2009 which is the first known digital money on the planet, the world have encountered worldwide Change in unfamiliar exchange and other exchange. Bitcoin is about 12years old now, and today, there are in excess of 4,000 sorts of cryptographic money coursing the in advanced world. These virtual monetary standards can be utilized to purchase labor and products, utilizing an online record with solid cryptography to get online exchanges, based on blockchain innovation and many organization presently acknowledge digital money as a methods for installment.

 

[Sotherefore]

Yeah or if you want to sore in wallets , try coinbase or blockchain where you can also swap it to other cheaper coins. Binance is the first prefernce though.

There was a time I tried downloading the blockchain application into my phone, it was difficult and they said that it is not supported on my device, up till now I don't know the reason for that, although my phone is an itel product.

 

[Justin]

There was a time I tried downloading the blockchain application into my phone, it was difficult and they said that it is not supported on my device, up till now I don't know the reason for that, although my phone is an itel product.

Some apps are not supported on some devices. If blockchain wallet was not supported on your existing device, it could be supported on another device.

 

[Aaron625]

There was a time I tried downloading the blockchain application into my phone, it was difficult and they said that it is not supported on my device, up till now I don't know the reason for that, although my phone is an itel product.

Yeah I faced that problem in my phone too when I tried to confirm my email address , tried many times but never succeeded. Then I logged in through laptop , thats the only solution we have.

 

[Sotherefore]

Some apps are not supported on some devices. If blockchain wallet was not supported on your existing device, it could be supported on another device.

yes I'm thinking of getting another phone because this one I'm using is giving me a lot of issue,I just need a phone that I can just download anything that will help me to succeed in any online business I will do, if possible I might even get a laptop.

 

[Richard92]

I don't think so, both served their own purposes on earth. Remember Fiat currency has been long it came into existence. Replacing it with digital coin isn't possible because physical exchange will still be needed.

This is what the future hold and I think this is the plan of the creators of cryptocurrency, please the physical currency and also be used as transactions.

 

[GIFTMICHAEL]

This is what the future hold and I think this is the plan of the creators of cryptocurrency, please the physical currency and also be used as transactions.

It is meant to fasten transactions and also process multiple transactions within seconds, make it operate anonymously and secure without any third party routing it.

 

[Ralphjoe]

I don't believe that they will happen but what I believe that many countries will launch their own digital version of their fiat currency. In fact this work is already been initiated in many countries

This is also my thought because I have seen several countries that are all launching their own digital currency and I believe all this is just to rival cryptocurrency.

 

[Setfragil]

This is also my thought because I have seen several countries that are all launching their own digital currency and I believe all this is just to rival cryptocurrency.

You are very right. Countries that are launching their own cryptocurrency like China and others are just trying to rival cryptocurrency or render it useless in their respective countries.

 

[Ralphjoe]

You are very right. Countries that are laughing their own cryptocurrency like China and others are just trying to rival cryptocurrency or render it useless in their respective countries.

I believe most of these countries are doing this because they feel threatened by the growth of cryptocurrency in the world and they feel that this will make people reduce their spending on Fiat currency.

 

[Jlife]

Fiat currencies are the foundation on which all crypto currencies are standing on. The both cannot do without each other and so there's no need thinking one would replace the other.

Because of the volatility of cryptocurrency it will be very difficult for it to be used as a physical currency, even if this will be possible ,is going to take a very long time before it comes into actualization as people are not ready to use cryptocurrency now.

 

[Senator]

There is a lot of dancing around the fate of having cryptocurrency as a means of exchange officially because of it volatile nature at the moment. But I think it may actually be implemented in the future regardless

 

[Bookwormlux]

Because of the volatility of cryptocurrency it will be very difficult for it to be used as a physical currency, even if this will be possible ,is going to take a very long time before it comes into actualization as people are not ready to use cryptocurrency now.

The current fall of Crypto prices even makes things worst as so many people are beginning to think that Crypto Currencies are scam.

 

[kayode10]

Ecuador has adopt bitcoin as a legal tender in their country. some other countries are also proposing to make use of cryptocurrency as a form of exchange for goods and services.

 

[ahmedo24]

I have not heard of the name of this country before or you trying to type El-Salvador because that's the recent country that has adopted the use of cryptocurrency as legal tender.

Ecuador has adopt bitcoin as a legal tender in their country. some other countries are also proposing to make use of cryptocurrency as a form of exchange for goods and services.

 

[Lordfalcao]

That I'm afraid will be almost practically impossible due to the instability of crypto currency their volatility is another red flag and also a edge the phyical currencies have over them.