Convertion to fiat is only necessary because few goods or services can be purchased directly with crypto. However that could change tomorrow. Crypto is no more or less valuable than fiat. Its all based on who is willing to trade their goods and services for it and at what rate. If anything crypto has the POTENTIAL to be a superior currency to fiat since its quantity can be capped.
Convertion to fiat is only necessary because few goods or services can be purchased directly with crypto. However that could change tomorrow. Crypto is no more or less valuable than fiat. Its all based on who is willing to trade their goods and services for it and at what rate. If anything crypto has the POTENTIAL to be a superior currency to fiat since its quantity can be capped.
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