Will crypto ever become physical currency?

[Grant]

Crypto is a digital asset, where you can mine, trade, buy, sell for money. But what if crypto one day had physical currency? Like real coins, dollar bills, etc. I doubt it would ever happen, as I don't think they would want to resource the money to make physical currency, but who's to know how long that currency will stay at the price it's set? What do you guys think?

 

[Nomad]

If you expect crypto to become a physical currently, the entire concept of crypto become useless. Cryptos are called cryptos because they are stored cryptographically on a public ledger. How can something that can only exist virtually be made into a physical asset.

 

[Riberet19]

I do not think that is possible, cryptocurrencies and the blockchain are entirely programmed by computer and in general encrypted, it does not make sense to think of them as something physical because in the first place it would have nothing to do with what cryptocurrencies are and they could not work as they do today, if you mean to create banknotes with a value linked to a cryptocurrency in question, I don't think so either.

 

[Heatman]

What's going on to be the difference between a fait currency and cryptocurrency? How's that even going to work? Will USA have a different cryptocurrency from what UK is going to have or Russia, China, India, Germany, Nigeria and the rest of the world? Will there be a uniform cryptocurrency? I don't see it as something that's going to happen.

 

[Henrywrites]

Crypto is a digital asset, where you can mine, trade, buy, sell for money. But what if crypto one day had physical currency? Like real coins, dollar bills, etc. I doubt it would ever happen, as I don't think they would want to resource the money to make physical currency, but who's to know how long that currency will stay at the price it's set? What do you guys think?

This is going to be a tall dream that I don't even see happening anytime soon. If you look at how crypto coins has evolved over the years, you will notice that the goal is to be as liquid as possible. So, asking for a physical currency is asking too much.

 

[Heatman]

If you expect crypto to become a physical currently, the entire concept of crypto become useless. Cryptos are called cryptos because they are stored cryptographically on a public ledger. How can something that can only exist virtually be made into a physical asset.

There's no way it's even going to work to begin with. There's no way to make it into uniform design. Which country are going to decide on that? Even if they end up agreeing to a design what happens when scammers start releasing fake design? Who's going to take responsibility for them? There's no way cryptocurrency is going to work in physical nature.

 

[Timgab]

Tons and tons of crypto currencies are emerging in every year and some in months. Expecting them in real currency is gonna a big trauma and nuisance I guess.

 

[Riberet19]

It really is something that does not make sense from its conception, since cryptocurrencies were created to be totally online to enhance their decentralization. If there were physical cryptocurrencies, they could no longer be called cryptocurrencies, they would have to be called something else.

 

[Monster Masterpiece]

It is possible like the wallet could provide you a QR Code and then if someone scan this QR Code paper then you receive an SMS code or provide your 2FA code then to process the payment and this process works for hardware wallet means it could becomes as physical code that merchant scans QR Code to request payment and you confirm by 2FA code.

 

[deucher]

I think that this will never happen because what is the point in this, everyone wants to own cryptocurrency because it is something unique and completely different from paper pennies and otherwise what would be the point in this except for the collection of some very rich people

 

[Monster Masterpiece]

I think that this will never happen because what is the point in this, everyone wants to own cryptocurrency because it is something unique and completely different from paper pennies and otherwise what would be the point in this except for the collection of some very rich people

I do not think this is true and this is the proof.