Could Cryptocurrencies Replace Cash?

10 000 question challengeCategory: Disruptive modelsCould Cryptocurrencies Replace Cash?
HowToToken Team Staff asked 5 months ago
1 Answers
Stan David answered 5 months ago

 One important consideration is that cryptocurrencies cannot be manipulated quite as easily as fiat currency, largely due to their decentralized and unregulated status. Beyond that, cryptocurrencies could better support the concept of a universal basic income than fiat currencies would. As a matter of fact, some programs have already experimented with the use of cryptocurrencies as means of distributing a universal basic income. Further, cryptocurrencies could help to get rid of intermediaries in everyday transactions. This could cut costs for businesses and help out consumers. Link: https://www.investopedia.com/news/could-cryptocurrencies-replace-cash-bitcoin-flippening/

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