Competition between local currencies Vs crypto currencies are in peak now. Crypto currencies have occupied currency market causing local currencies enforce (banks) banning of crypto currencies. We can see number of investors have turned towards to bitcoin and other crypto currencies with large scale. Will there be a chance / time bitcoin and other crypto currencies rule over currency market and local currencies get disappear slowly in a decade or two?
Hi there maarx! I genuinely believe that cryptocurrency can't disappear the local currencies known as paper money because not all person on this world dont have knowledge about the potential of cryptocurrency and not all stores, hotel and restaurant acknowledge the cryptocurrency as a form of payment. On this generation we have three types of payment the first is the local currency second is the credit or debit card and the last is digital currency know as cashless payment..