of course fiat is necessary. because fiat is more or less safer currency comparing with other alternative currencies such as crypto currencies. they are mostly backed by governments and also easy way to make payments.
They will certainly support it, because fiat currency's a pride product which they created themselves.
Of course. Fiat becomes a physical payment instrument. although crypto currencies are growing rapidly, but don't forget that crypto currencies have value because there is fiat money. Fiat indirectly becomes a crypto value gauge.
Of course. Fiat becomes a physical payment instrument. although crypto currencies are growing rapidly, but don't forget that crypto currencies have value because there is fiat money.
It seems that you don't understand with what is called the market law. Remember, every commodity including the cryptocurrency becomes valuable because of the trustworthiness of its users. By buying, then demand will be created and at the same time will trigger the rising price of the crypto currency.