Is this a chance for cryptocurrency to replace other currencies?
The economy is inflationary, at risk of a downturn. As a result, cash and traditional currencies constantly lost their value. Therefore, in Europe, their citizens decide to invest in cryptocurrency as their solution because everyone can make money by investing and trading crypto. According to FMCPAY Exchange, the number of new registers from Spanish has been increasing since last week. There are thousands of people from Spain submitting their KYC information everyday on this platform.
this is only a temporary diversion so that people can be productive by choosing to trade and invest in cryptocurrencies, completely crypto will not replace the local currency they use. the more people who use crypto will be able to boost its popularity and affect its price increase