I also believe Crypto can replace fiat money.
Crypto is a breakthrough and innovative. Other initiatives that have implications in the financial sector, such as Bitcoin, are digital co-operatives operating in a decentralized manner using P2P technology, or blockchain, and without the involvement or supervision of any central bank or any organization. These Crypto provide technology and operational models, creating breakthroughs for the entire industry, including monetary policy and financial stability.
Crypto permission is promoted by the bank. Even the central bank, will reshape the current level of competition in the Crypto market, expanding the number of competitors. Direct participation by the public through a central bank's digital currency will be a remedy for ineffective traditional policy competition.