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musing-threads · @funtraveller ·
$0.22
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properties (23)
authorfuntraveller
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json_metadata"{"app":"musing/1.1","appTags":["currency"],"appCategory":"currency","appTitle":"What do you think will happen to your country's FIAT in the next 5 years? Will it retain its value? Will it be replaced by cryptocurrencies?","appBody":"","appDepth":1,"musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"question"}"
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vote details (6)
@francistagbo ·
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properties (23)
authorfrancistagbo
permlinkp3bed56sq
categorymusing-threads
json_metadata"{"app":"musing/1.1","appTags":["currency"],"appCategory":"currency","appTitle":"What do you think will happen to your country's FIAT in the next 5 years? Will it retain its value? Will it be replaced by cryptocurrencies?","appBody":"<p>Yeah in the next 5 years, unless there's going to be a drastic change in the leadership of my country and various technological advancements then I assure you, cryptocurrencies will not take over. There are more people who don't know how to use phones and computers than there are people who do and as such educating everyone on what cryptocurrencies are would be a herculean task.</p><p>Moreover, people here haven't even gotten used to mobile banking and will still run off to an ATM to transfer money when they can do it from the comfort of their phones or computers, replacing fiat with cryptocurrency would only serve to confuse and frustrate people more. I mean how's the simple street trader supposed to sell their goods when the only payment method would require him to at least have a smartphone.</p><p>The best that could happen is that the value of my country's currency would increase over the next couple of years. I don't think it's going to drop, but I don't think it'll get too high either. At best it will probably gain on the dollar a bit, but nothing more. Something like cryptocurrency won't be welcomed so easily, alot of people will support it, but even more will oppose it.</p><p>I hope this helps.</p>","appDepth":2,"appParentPermlink":"f3xegkraw","appParentAuthor":"funtraveller","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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vote details (9)
@hardaeborla ·
$2.09
Question answered on Musing.io
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properties (23)
authorhardaeborla
permlinkpkp7hk6sw
categorymusing-threads
json_metadata"{"app":"musing/1.1","appTags":["currency"],"appCategory":"currency","appTitle":"What do you think will happen to your country's FIAT in the next 5 years? Will it retain its value? Will it be replaced by cryptocurrencies?","appBody":"<p>What do you think will happen to your country's FIAT in the next 5 years?</p><p>In the next 5 years, I think my country's Fiat currency will still be intact but there may be changes in physical structure of some of the known currency and also there may be introduction of new currency which may be a single N5, 000 Note.</p><p>Will it retain its value?</p><p>Actually, the rate of change in our currency value depends on how stable our economy is. There was a time our currency used to be very worthy and more valuable than dollars and other currencies but now things have really changed. The value of dollars and some other currencies now worth more and more valuable than my country's currency. I think the main reason this is happening is due to our corrupt leaders. This has also made some goods very expensive to buy with our currency. I just hope everything gets better as soon as possible.</p><p>Will it be replaced by cryptocurrencies?</p><p>I don't think it will be replaced by cryptocurrency because one of the symbol of nationalism is a country's currency. The use of cryptocurrency may be very rampant and widely used if that time comes but that doesn't mean we won't spend our Fiat currency. I am very sure and certain that both cryptocurrency and Fiat currency will surely be used when that time comes. </p><p>Thanks for reading and I hope this helps. </p>","appDepth":2,"appParentPermlink":"f3xegkraw","appParentAuthor":"funtraveller","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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vote details (4)
@libert · (edited)
What do you think will happen to your country's FIAT in the next 5 years? Will it retain its value? Will it be replaced by cryptocurrencies?
<a href="https://musing.io/q/funtraveller/f3xegkraw">View this answer on Musing.io</a><br />
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properties (23)
authorlibert
permlinkp33ez6rsw
categorymusing-threads
json_metadata"{"app":"musing/1.1","appTags":["currency"],"appCategory":"currency","appTitle":"What do you think will happen to your country's FIAT in the next 5 years? Will it retain its value? Will it be replaced by cryptocurrencies?","appBody":"<p>Guess, it will continue as it is. Cryptocurrencies will never replace fiat.</p>\n<p>I'd be glad to be proven wrong.&nbsp;</p>","appDepth":2,"appParentPermlink":"f3xegkraw","appParentAuthor":"funtraveller","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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vote details (3)
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