[bif i see lately there are lots of altcoins popping up, especially in the digital world and whether for the next few years the function of real money itself will be eroded by the presence of virtual payment equipment ...? I had time to think whether in the next few years we would be making virtual money payments ...?[/b]
I guess the current banking system is far more advance than what we see in the blockchain transactions. I know very well that its new tech, gives us more and more security for the transactions. However, the transactions are not that fast as they are needed to be. The transaction over blockchain are as slow as from 25 transaction per second to 50-60 Txn per seconds. This is very very slower as compared to what Visa is offering to us. Visa processes more than 25,0000 Txn per seconds. So its gonna be hard for crypto to get accepted in real world.