Yes, I do believe that, but not too soon though. Probably in twenty to thirty years cryptocurrencies, at least some of them, will become official currencies around the world, but for many years to come they will only act as investing and trading assets. I don't expect, of course, all of the cryptocurrencies to replace fiat currencies.
I don't think it will replace fiat currencies but hopefully it will be mass adopted and take a large percentage of the fiat use. I think if it is 10% of the size of fiat, that will be huge.
We are seeing a big leap in the future, innovation was always beside the time and it's not impossible that in the future all of our transactions will be held in the digital world.
In order to accept cryptocurrency more generally, we need to overcome a number of obstacles.
One of the main factors hindering people from entering the digital currency market is that cryptocurrencies are not easy to use.
First question
For most people, whether it is paper currency or online banking system, dealing with legal tender is almost second nature. They understand the value of legal tenders, know how to trade them for products and services, and how global cryptocurrencies are compared to a few other foreign currencies related to their lives.
Money is an easy-to-use legal currency.
In the real world, most people are so unfamiliar with the concept of cryptocurrency that it is difficult to launch a cryptocurrency wallet.
For those outside the cryptocurrency, this technology is very difficult to understand. The software itself is very unattractive and not user friendly. In most cases, it is used for simplicity and not for choice.
Today's most trusted Ethereum and ERC 20 Token Wallet user interface:
on the Internet is usually a form that seems to require a computer science degree to begin to understand. The language and terminology used is very inappropriate. Most tutorials on the Internet cannot solve the problems that everyday users encounter in a simple, effective, and intuitive way .
Compare the Ethereum Blockchain Resource Manager interface to your online banking :
How to solve this problem?
You just need to quickly review history and see what makes the World Wide Web look like today. The development of useful tools such as web browsers and e-mail has contributed significantly to the dramatic growth of the Internet, user interface and cryptocurrency must become easier to understand and intuitive.
No, cryptocurrency will never replace fiat currency, but cryptocurrency might be adopted by a major population by time. To maintain the economy most of the countries will never allow it to take the position of fiat currencies. Also it's possible that cryptocurrency might be restricted or banned by some countries in future.
For sure they wil some day !
Look at the development, RFID etc.
In many countries cash money is more and more replaced by paying per creditcards and online transfers.
Blockchaintechnology is the future.
It is used in science for managment of data and right now even some countries are about to land their own cryptos.
Yes, I do believe that, but not too soon though. Probably in twenty to thirty years cryptocurrencies, at least some of them, will become official currencies around the world, but for many years to come they will only act as investing and trading assets. I don't expect, of course, all of the cryptocurrencies to replace fiat currencies.
I don't think it will replace fiat currencies but hopefully it will be mass adopted and take a large percentage of the fiat use. I think if it is 10% of the size of fiat, that will be huge.
Hmmm, I think it's not impossible.
We are seeing a big leap in the future, innovation was always beside the time and it's not impossible that in the future all of our transactions will be held in the digital world.
In order to accept cryptocurrency more generally, we need to overcome a number of obstacles.
One of the main factors hindering people from entering the digital currency market is that cryptocurrencies are not easy to use.
First question
For most people, whether it is paper currency or online banking system, dealing with legal tender is almost second nature. They understand the value of legal tenders, know how to trade them for products and services, and how global cryptocurrencies are compared to a few other foreign currencies related to their lives.
Money is an easy-to-use legal currency.
In the real world, most people are so unfamiliar with the concept of cryptocurrency that it is difficult to launch a cryptocurrency wallet.
For those outside the cryptocurrency, this technology is very difficult to understand. The software itself is very unattractive and not user friendly. In most cases, it is used for simplicity and not for choice.
Today's most trusted Ethereum and ERC 20 Token Wallet user interface:
on the Internet is usually a form that seems to require a computer science degree to begin to understand. The language and terminology used is very inappropriate. Most tutorials on the Internet cannot solve the problems that everyday users encounter in a simple, effective, and intuitive way .
Compare the Ethereum Blockchain Resource Manager interface to your online banking :
How to solve this problem ?
You just need to quickly review history and see what makes the World Wide Web look like today. The development of useful tools such as web browsers and e-mail has contributed significantly to the dramatic growth of the Internet, user interface and cryptocurrency must become easier to understand and intuitive.
No, cryptocurrency will never replace fiat currency, but cryptocurrency might be adopted by a major population by time. To maintain the economy most of the countries will never allow it to take the position of fiat currencies. Also it's possible that cryptocurrency might be restricted or banned by some countries in future.