Post
Topic
Board Bitcoin Discussion
Re: Will Cryptocurrency change financial institutions completely?
by
yulionoo
on 31/10/2019, 03:03:59 UTC

Get rid of all the cash?
Probably sometime, but this is still a long way ... of course, this is not only our (user) goal  but also (probably even much more) governments, because cash still remains the most difficult way payment to track down...
However I think needs very long time and saying that I do not think about years but rather about decades ...



yes i agree with you getting rid of fiat money sounds easy but i think it will be quite difficult to implement. because fiat money has been used for a long time by the community and until now fiat money remains a means of payment. even though most countries have started to adopt blockchain and cryptocurrency not means that fiat currencies will disappear. it might take quite a long time for people to be ready to use cryptocurrency.