Why Crypto Could Replace Fiat Currency by 2030 | by Raphael Monyei | The Capital | Feb, 2025

What if I told you that the money in your wallet could be obsolete in less than a decade? Sounds crazy, right? But here’s the thing: the way we think about money is changing faster than ever, and crypto is at the center of this revolution. By 2030, the idea of using traditional cash or even digital fiat might feel as outdated as carrying around a flip phone. Let’s dive into why crypto has the potential to replace fiat currency—and what it means for you.

Let’s start with the basics. Fiat currency—the dollars, euros, and yen we use every day—is controlled by governments and central banks. While it’s been the backbone of the global economy for decades, it’s far from perfect. Here’s why:

1. Inflation Erodes Value: Ever notice how your money doesn’t go as far as it used to? That’s inflation. Governments can print more money, which decreases its value over time. In 2023, countries like Argentina and Turkey saw inflation rates over 50%, wiping out people’s savings.

2. High Fees and Slow: Transactions: Sending money across borders can take days and cost a fortune. For example, a $1,000 international transfer can cost up to $50 in fees. That’s money you’ll never get back.

3. Financial Exclusion: Over 1.4 billion people worldwide don’t have access to basic banking services. Without a bank…