Re: Cyrpto vs Fiat

I don't know if this thread has been created before, but I would like to know your opinion on Cryptocurrency versus Fiat.

If you could tell me why too. What are the benefit of each?

Each of them fiat and crypto has its own place in our lifes, sometimes it is better to make payments on bitcoin rather on fiat because of the time that takes but also the fees which are much lower on bitcoin.
If you need to pay in fiat through credit card then it is a good way to use paypal to cover the card details and more secure.

In most of the cases, especially here in my country, in terms of fast transactions, bitcoin and fiat transfers/payments almost have no difference. I have a bank account that has an online banking which transfer is really instant, the same way I experienced in using bitcoin.

And Im sure it's present now in most of the countries as my country considered as still in third world country but it already has a services like that.

Maybe the transaction speed is the same or faster than bitcoin but are the fees the same or at least similar? I doubt!
Sometimes fiat is better and faster and zero fees but sometimes making international transfers it takes lots of fees and time.

This very useless to discuss which faster in the transaction bitcoin or fiat, because the basically transaction is always same just different in their fees and the institution is providing transaction service.

Have you tried to make a transaction at weekend?
Have you ever tried to make an international transfer? Or when there are holidays?
If not then i can tell you that the transaction speed is not same comparing to crypto which is almost instant.

Well, crypto isn't instant, but it is much faster when you compare it to what you're saying. There is definitely a considerably different rate of transaction between the two entities. Most service-based entities that offer global/international transactions are pretty poor anyways, and it takes a while for the transaction to go through even on the best of days. There simply isn't enough speed with it for it to be worth it most of the time. Bitcoin offers a considerably cheaper and faster alternative to international exchange and transfer services.