Re:Fed “digital dollars” are part of debate over coronavirus...
by toomuchtodo on Tuesday March 24, 2020 @10:51PM
(#22681566)
It’s very likely the majority use the currency their government pays them in and requires citizens to pay taxes with. Alternate currencies will always exist, governed by the needs of market participants.
Currency is only as meaningful as its usefulness to people. If a large number of people can't or won't use a currrency, they'll just find another. It wouldn't be the first time in history a majority currency became too inconvenient for a large number of people and alternatives were found.