Is it possible that cryptocurrency will replace fiat money?

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Here in the Philippines, I think it is still so far from reality. It is because there are still few people here who are aware about cryptocurrencies.

Although there is a Bitcoin ATM here and some crypto coins being used by some companies, still it is very few compared to other countries.

The financial institutions here as far as I know where not yet open in accepting those cryptocurrencies as something legal.

Maybe someday there will be a lot of establishments here that will accept cryptocurrencies and therefore more people will be encouraged to useit. But it will not totally replace the use of fiat or paper money especially on small markets and transactions.

Is it possible that cryptocurrency will replace fiat money? | Ecency