Can cryptocurrency replace traditional fiat currency?

[uptrendfinancialsignal]

Despite all of the advantages associated with its use, like protection of funds against inflation and decentralization, there are numerous obstacles that are associated with crypto adoption.

Do you think that cryptocurrency will become a popular method of payment and become stable? Is it possible for cryptocurrency to function as a regular fiat currency?

 

[Bawse]

I don't think crypto currency will ever replace real currency, it fluctuates too much, but I do think crypto will continue to rise in popularity. There will always be paper money.

 

[uptrendfinancialsignal]

I don't think crypto currency will ever replace real currency, it fluctuates too much, but I do think crypto will continue to rise in popularity. There will always be paper money.

That's true! The high fluctions of cryptocurrency make it impossible to use as a direct replacement for fiat money. But its capability for getting a secure and fast transactions make it relevant for some financial services.