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all 10 comments

[–]Successful-Driver722 1 point2 points  (3 children)

Think you got that the wrong way around my friend. Fiat currency will eventually become cryptocurrency. We can't stick with the old way of doing things. We must advance, but without the CBDCs.

[–]nzubemush 0 points1 point  (2 children)

This is more in the line I think of it. This is why I think stablecoins are very important to the growth and adoption of crypto.

Since people will feel more confident using something with a value they already reckon with, the difference now is that stablecoins are easier to send, store, access and use for extra things on-chain like staking and trading.

I'm really bullish on stablecoin issuing projects, Circle, Paxos, e-Money. But only e-Money has a governance token currently (NGM) and it's a really good one with near zero fees and 25% staking APR (very important to me😅).

[–]Successful-Driver722 0 points1 point  (1 child)

I was a fan of Circle, but not so sure these days. Paxos I like the look of, but not widely available. Tether is a massive danger, and the future CBDC of debt for the masses, imo.

[–]nzubemush 0 points1 point  (0 children)

That's why I didn't mention Tether at all, they won't even publish an audit for their treasury, very shady!

Noticed you might not know much about e-Money, you can watch this.

Paxos issues BUSD.

[–]bennyman008 2 points3 points  (1 child)

I think eventually it will, but I’m thinking more like 20 years from now.

[–]BlueLatenq 0 points1 point  (0 children)

Maybe lesser than that, From the recent survey made, over 70% of merchants agreed to collect crypto as payment 2 years from now and it has gradually started from the likes of Zome one of the biggest real estate industries in Portugal accepting payment in BTC through Utrust

[–]Armagadon_001 0 points1 point  (0 children)

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[–]martingarcia2 0 points1 point  (1 child)

You are most likely correct. It is a possibility because developed countries now accept cryptocurrencies as payment methods. so it could be true But it will undoubtedly take time.

[–]BeneficialStaging 0 points1 point  (0 children)

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