Post
Topic
Board Economics
Re: Are fiat currencies necessary in the world?
by
farosa
on 21/09/2018, 21:10:07 UTC
You cannot eliminate that right away even though the possibilities of Crypto in economy is high. There are benefits of Crypto and the same with fiat. We can use both of them for our everyday life. We should look at the new era. Countries are ready to enter the cashless era using only mobile payments and cards, such as Sweden the United States and so on. For the mean time i think Cryptos and fiat will both coexist.


The cryptocurrency is an upper model of fiat money. Humanity chooses the more useful one. Bitcoin is not just the investment which the value measured with paper money. Money is not an asset that can evaluate everything as it appears.