Will Cryptocurrency ACTUALLY Replace Fiat Money? (Differences Explained)

We know that fiat money is the most widely accepted medium of exchange for goods and services. However, cryptocurrency is also a medium of exchange that has seen quite a lot of traction from businesses accepting payments with crypto.

Some of them include Microsoft, Etsy, PayPal, and Starbucks! Some governments, like El Salvador's, have even passed laws making bitcoin legal tender in their state!

In this video, we'll explain the similarities and differences between fiat money and cryptocurrency and explore whether crypto will, in fact, replace fiat in the near future.

Timestamps:
00:00 Intro
00:51 Medium of Exchange
01:19 Store of Value
01:58 Unit of Account
02:30 Control
03:16 Outro

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#fiat #crypto #decentralized #finance #blockchain #cryptocurrency

[RadicalThinking]

May be crypto is struggling right now, but I strongly believe this is the future of money

[avinashchaudhary]

few year ago, it was hard to say crypto is medium of exchange 💱
crypto is update version of future finance 😃😍😍

[KennyCz]

Funny how medium of exchange to digital gold was marketed

[JMCretella]

Is crypto just another fiat? When governments run out of money, they just print more. What is to stop bitcoin from releasing an unlimited supply?

[dange]

It can't replace the empty upside down birthday hack

[thevileness]

How is crypto? Any different than what we have now government will just take it tax it and on top of that it's like $70, 000 per coin. How is that feasible for anybody who's not super rich?.

[gck]

When you start a new business only accept crypto be part of the now

[kelvinchibuike]

Soon!
It's already replacing Fiat currency

[vadiquemyself]

but why people still prefer fiat when there's crypto

[philphil]

Digital currency has an inflation rate too = fiat currency:)

[skincareevangelist]

The era of cryptocurrency replacing fiat is still very far away. I personally don't think it will ever be able to fully eradicate fiat but rather I believe both cryptocurrency and fiat will be hsed together, getting the same recognition and adoption

While I am not so particular about the dominance of cryptocurrency over fiat, I do believe crypto is the way many will become wealthy reason why I plan to keep buying and holding strong crypto projects such as CHIRPLEY and some others on MEXC

[hanamoUzumaki]

Far?no with the improve of ai tge world is moving fast and faster than before im sure we will use crypto more and more in next 2 or 3 years

[findingunicornsstocks]

We become slaves with an all electronic money system. Cash is king!

[Waldemar_la_Tendresse]

Di you like to waste people's lifetime with absolutely basic knowledge videos?