The decentralized nature of cryptocurrencies makes them perfect
substitute for fiat currencies.
Not exact matches
As they come in different sizes (or denominations), they can also act as a
substitute for paper money in case of the
fiat system collapse.
The power of B2G - Ecosystem will be realized when it will be accepted and utilized as a
substitute of
fiat currency which will provide more personal privacy, account security, resiliency, mobility, speedy transactions at lower fees and unparalleled opportunities
for the community.
He argued that since a CBDC will essentially be a
substitute for the country's
fiat currency, existing laws that apply to the yuan should also extend to the digital currency.
Instead, they are invested in Nakamoto's dream to make this decentralized digital currency a practical
substitute for government - controlled
fiat currency.