Post
Topic
Board Economics
Re: Replacement?
by
Dalib
on 28/04/2023, 18:59:38 UTC
I have been seeing the progress of cryptocurrency these past few years, and I've been thinking, will it definitely be a replacement for physical money and use crypto as a primary transactions in our everyday life?
While the idea of using cryptocurrency as the primary means of transaction in our everyday life seems possible, there are still some barriers that need to be addressed for this to become a reality. One of the main concerns is the level of security and regulation in the industry, as the decentralized nature of cryptocurrency makes it attractive to hackers and cybercriminals.

Additionally, widespread adoption of cryptocurrency would require a change in mindset and infrastructure, as the current financial system is built around physical money. Despite these challenges, there are many who believe that cryptocurrency will continue to grow and eventually become a viable alternative to traditional currencies. Only time will tell how this will play out ultimately.