Now that more and more countries are starting to go cashless (
http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?
disadvantage of that thing is when cryptocurrency having dropped price, we are loss. as we know that bitcoin has fluctuation its make not stable price so if you convert your fund to cryptocurrency not always value your fund same anytime.
i know it also happen in USDT but in cryptocurrency change is so drastic than USDT, maybe it one of reason country not use cryptocurrency
It's true though. USDT despite having fluctuation it's so little that it can't actually be called fluctuation meanwhile cryptocurrency that are truly decentralized in general have really high volatility. But, if the market capitalization of Cryptocurrencies like Bitcoin is more spread out and bigger the fluctuation will definitely reduce to the point where those fiats are. our market capitalization is not big enough to create a more stable market right now.