When Will Crypto Replace Fiat?

  1. In comparison to fiat currencies, digital assets ensure transaction security and are highly transparent — the money trail can be traced all the way back to when it was created.
  2. Cryptocurrencies eliminate the need for intermediaries (banks and brokers). They also can’t be controlled by the government because they work on a decentralized network.
  3. The value of fiat money depends on fluctuations in inflation — the more money is printed and circulated, the more fiat money loses value.
  1. Crypto tokens used as a means of exchange or currency (seen in gaming as a reward for completing tasks).
  2. Non-fungible token (NFT) — a token tied to a digital asset. NFTs can be compared to a one-of-a-kind trading card, making you the sole owner and the card itself being absolutely unique.

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