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RE: Vitalik: Cryptocurrency Will Not Replace Fiat

in LeoFinance3 years ago

This is quite realistic. Cryptocurrency is digital money so it will be best used to power the digital world as a means of transactions.

The digital world is projected to be more expansive that the physical/traditional world, so cryptocurrencies will be much bigger than traditional currencies.

Cryptocurrency wouldn't replace fiat but it will break limits that fiat couldn't.

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I think collateralization is a much bigger use case for cryptocurrency. It is something that is desperately needed. Therefore, the platforms that can offer that will do very well.

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