Cryptocurrency is an alternative to banknotes

[hayach201]

I see many questions that talk about cryptocurrencies and can they become a substitute for paper currencies, so I decided to answer all these questions through this post.

It is very difficult for digital currencies to replace banknotes for several reasons. One of these reasons is that it is a decentralized currency, it is neither profitable nor safe for any country to implement all of its things because it cannot be managed and manipulated unlike the US dollar and also because bitcoin currency is limited and because it still has a long way to go Development

[bobdice]

This is very certain now that it is impossible to replace cryptocurrencies in the place of fiat currencies because they are unstable and do not have much support from several countries around the world and this is very difficult now I think the future will be good

[Ali saher]

Yes I think you say right this is not easy to replace crypto currency to banknot and I not think this possible next few years. Maybe in future this think possible.

[jamesbond]

It is really difficult for cryptocurrency to replace banknotes for a long time, but is sure that it will become hard for people to deny the presence of crypto in coming days.  This will surely become a great mean of online transactions as it is instant and can be done with not much trouble.  Once people gets more knowledgeable about the use of crypto, they will adopt it more.  There are still a large section of people around the world who dont even know what is crypto or how to use computer.  Crypto is the currency of future and it will make the future more brighter surely, but replacing banknote is not gonna come anytime sooner.  

[Wazboi123]

This is a very nice topic thank you

[Wazboy1996]

Well cryptocurrency have been doing great lately but I don’t think it is fair to compare it with paper currency 

[sahil777]

it is difficult maybe but not impossible, and didnt you heard the news ? that u.s and europe are going to launch digital dollar and euro and also they are going to support crypto currencies, i think that will be good, i dont think they will end paper currency but they will reduce the use of paper currency.

[LUBAID95]

Exactly the same, but the only difference is that crypto is decentralized and not control by central authority, and mostly digital