Post
Topic
Board Economics
Re: Are fiat currencies necessary in the world?
by
Howits
on 22/09/2018, 09:38:45 UTC
fiat currencies still necessary in every country because people still use fiat to buy anything. but fiat currency slowly has to turn into digital payment because we see some apps offering us to deposit some amount of money to them so we can use it to pay for something we buy without using fiat. and I think in the future, the fiat will still exist but there are many options of the payment which comes from the digital payment like I said.
Also fiat also involve with country's development. If you're thinking to replace fiat with bitcoin then its impossible.