The question is, is it even really necessary? It could be an alternative, a second option. Unfortunately that´s absolutely against what a FED or other fiduciary institutions are representing. A CBDC could be a third option as a compromise of states fiat money and digital currency. That would be a technologization of the already existing money, so from one angle it would eb cryptocurrency but not what Satoshi had in mind when creating Bitcoin.
Exactly the point! Fiat has the full support of the government hence thinking or waiting for crypto to entirely displace fiat is like a chase of the wind. It is best to focus on how to increase cryptocurrency adoption by first integrating it into the payment systems in our various businesses and companies. This will raise the status of the market.
That is because fiat is fiat.
It is the currency used in a country, I don't think they will be letting a decentralized cryptocurrency take over the currency they can control, right? Fiat is the norm of payment in countries, the second ones are mobile wallets, mobile payments using applications, and other platforms. And I agree that we should just focus on increasing the adoption of it.
I agree with you, sir. But in our country, I really think that cryptocurrency can't replace fiat. The mere fact that somebody is explaining something about crypto world they can not accept it. Usually they will ignore the good sides on go on with "it's a scam". Having a fellow countrymen who can't accept and doesn't have the means, this will not be implemented.