Re: Deutsche Bank said Crypto will Replace Fiat Currencies by 2030! Really Possible?

Quote from: Bitcoincc on December 28, 2019, 10:07:46 PM

Quote from: mirrasel on December 10, 2019, 10:27:43 AM

By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank. Shocked

What do you think as a Crypto Expert? What are the challenges? What things should be adopted to replace fiat? Huh

Research: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000503196/Imagine_2030.PDF
News Source: https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030

Did he mean digital will replace fiat all over the world? Or in some countries? Or in some cities?

In the world, this is not possible. 2030 is just a decade from now and it is too short for such to happen. In Africa and Asia and if not all the countries in the world, some people do not have access to browsing phone. Although there could be ATMs but there are some trader that will not accept digital as payment. They will accept fiat because they are using small phones that they can afford that has no browsing features while some traders in Africa and Asia will not even know how to operate the phones.
By that time, more people will deal with digital currencies but can not replace fiat fully. This could be achieve in more than 3 decades from now.

Despite the fact that the technological cocoon is developing with a very rapid progression, do you think that ten years is not enough? Remember 10 years ago the Internet, our gadgets and the opportunities that have appeared. Adequate people can safely switch to digital but there are corporations that always slow down the process of all good undertakings.