"At the moment, virtual currencies such as bitcoin are no longer a threat to the existing order of credit and central banks," said Christine Lagarde, director general of the International Monetary Fund. .
Why? Because they are too precarious, too risky, too energy-consuming, because the underlying technology is not capable of changing and because many virtual currency is not transparent to law enforcement, a virtual currency has been hackers steal ".
What do you think?
I dont think cryptocurrencies will completely replace credit cards and banks, but I think they will make an impact. Using a credit card means you are borrowing money from a third party with the promise of paying it back. Paying with Bitcoin is not borrowing money, so its a little different. If someone wants just the convenience of not carrying cash, then cryptocurrencies can do this in lieu of credit cards, but if someone wants to buy on credit, cryptocurrencies dont really replace that feature.