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RE: The future of currencies

in #cryptoworld7 years ago

Fiat is a necessary evil ! As much as the world is opening up to the world of digital currencies, we still need Fiat. Even though it will be difficult, the die hard believers in cryptocurrencies and the central banks will have to come to a consensus. I hope to see a world where fiat and cryptocurrency coexist together in harmony. Just like Mpesa and banking sector in Kenya

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Indeed Fiat is a necessary evil, that is why most international organization are requiring for regulations in cryptoworld. But mind you the way crypto is designed is in a way to give full independency on what someone have. Even if fiat will play in this game, cryptocurrencies still need hundreds billion of dollars to meet up with the forex market. Crpto is still young, if fiat plays as ripples wants it, not all crypto currencies will fall for fiat.