Quote from: iamlds08 on April 12, 2018, 07:40:07 PM

Quote from: KIANA on April 12, 2018, 04:41:57 PM

We are hearing buzzwords like, "real-time payment methods" and
"War on Cash" from people in the financial industry.

McKinsey research forecasted back in 2014 that more than 50% of
incremental revenue in almost all banking products in Western Europe
will be digital
by 2018. When we look at the trend, it looks like this is becoming a
reality.

Bitcoin might not replace these financial institutions, but they will
force them to change!

for me its just an option. fiat currencies will not perish but digital payment will become a good option. if we force to change, many aspects of the payment industry and even economics may be damaged. little by little, the world will adapt to digital money but as an option not as 100%

Indeed. I agree with the fact that fiat will not disappear nor lose its value. It may just lose its appeal and the option of being use by people in terms of daily transactions such as payment, but still, it will not disappear. People are very resilient to changes, however, as much as that it is true, people are also afraid of changes. They fear something they cannot understand nor control that's why we have the current trends in the regulation of cryptocurrency. However, sooner or later, more people will learn to embrace cryptocurrency , but always with cautions and limitations.