Re: Digital Currency Take Over

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

And you think that by most countries accepting Bitcoin that will make it take over everything and being used by everyone, well you think wrong. It can take over, but that will have to be in whatever that has to do with investments and of course we can use it as a payment method, though not all countries approves that. Bitcoin is making success, but I dont think it will replace the currency we are making use of.

Everything is possible folks, but I think it's too early for that. Still the local currency is more famous than anything else, special in digital currency. Tangible item is matter I think. What do you think folks?

Many traditional things has been vanished by the digital technology then why not you can see the crypto currency will be take over the fist currency. Possibly we may find the cryptos to occupy the name as national currency in some years.
I expect cryptos will replace the fiat cash usage in 2025 for sure mate.
Already Japan accepted btc as a legal currency and now Russia waiting to implement it as legal money to use there.

First people used to exchange commodities which are called barter system. Then progress was on the way and people use gold, silver for their daily needs then the advanced world stated paper currency to use them for daily expenditures. Now the age of paper currency is also come to an end and people are using digital currency in some countries. Soon it will take over the whole world.

You are right paper money is now getting low in demand as people have found something better than paper money, transaction is now being done within few minutes and it is best time to use as much as crypto we can use because latter on it will be legal currency for very high price and low supply, markets are switching to blockchain service for daily payment method.