Do You think that at some point in our society, Cryptocurrency will be our daily fiat and be an essential part of our economy? Can you cite your ideas on how Cryptocurrency change our Fiat?
With such a crazy high transaction fee and delay confirmation time....Considering BTC as FIAT is just a nightmare. Lets understand it one example...after buying essentials from a local grocery store worth $10000 and want to pay through BTC but this transaction will cost me $200-250 which is crazy. So using BTC as FIAt now is not practically feasible at this point of time.
Indeed, thats one of the disadvantages of bitcoin nowadays having a high transaction fee is not a joke. Currently btc as fiat is not possible especially in our country, most people cant handle to use crypto due to their status, you need to be atleast aware of what btc is and know how to use gadgets to access it and unfortunately they cant pass with that basic rules. It can be use together with fiat but cant surpass it as replacement.