Can crypto replace other currencies?

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Avatar for Shayon360
4 years ago

It is true that cryptocurrencies are becoming more and more important in all economies but it must be remembered that these are not regulated or recognized by any country or financial entity, cryptocurrencies are more of an investment that more and more people use, but depending on the measures that take certain countries it is possible that in the future they will take on greater importance in the economy of each country.

This is already in process as we are watching now this cryptocurrency is doing too much in many countries mobile apps and blockchain transactions already happening in many countries few developed countries also doing legislation for this all as components and laws must follow for this all we will watch in near future this all going to be big change in our world even many restrictions but still no one able to stop this all.

So,we can say thatCrypto will never replace currencies, because currencies are legal and recognized by all countries. Crypto is currently only used as an investment

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