03-19-2022, 09:09 PM
Crypto wont delete fiat from existence just like fiat didnt delete gold and silver.
<!-- SC_OFF --><div class="md"><p>To this day gold and silver are traded in the market at huge volumes and some countries still back up their fiat currency with gold.</p> <p>Although, precious metals slowly started losing a lot of their uses in the mainstream market. And in the event that crypto goes mainstream and most people start using it, I expect the same to happen to fiat.</p> <p>Its dumb to assume that fiat will completely fade away into obscurity, but it will for sure be losing a lot of dominance in favor of crypto.</p> <p>And this reality might not be too far away from happening. We’re already seeing things like crypto credit cards from platforms like Binance, Coinbase and CoinOvy gaining a lot of popularity in the mainstream market. These crypto-to-fiat bridges will give crypto a lot of exposure and help make the transition to full in crypto payments much easier and smoother.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/a_softy_potato"> /u/a_softy_potato </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/thqqc7/crypto_wont_delete_fiat_from_existence_just_like/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/thqqc7/crypto_wont_delete_fiat_from_existence_just_like/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>To this day gold and silver are traded in the market at huge volumes and some countries still back up their fiat currency with gold.</p> <p>Although, precious metals slowly started losing a lot of their uses in the mainstream market. And in the event that crypto goes mainstream and most people start using it, I expect the same to happen to fiat.</p> <p>Its dumb to assume that fiat will completely fade away into obscurity, but it will for sure be losing a lot of dominance in favor of crypto.</p> <p>And this reality might not be too far away from happening. We’re already seeing things like crypto credit cards from platforms like Binance, Coinbase and CoinOvy gaining a lot of popularity in the mainstream market. These crypto-to-fiat bridges will give crypto a lot of exposure and help make the transition to full in crypto payments much easier and smoother.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/a_softy_potato"> /u/a_softy_potato </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/thqqc7/crypto_wont_delete_fiat_from_existence_just_like/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/thqqc7/crypto_wont_delete_fiat_from_existence_just_like/">[comments]</a></span>Kind Regards R