Advantages of cryptocurrency.

There would be some major advantages to an all-cryptocurrency future: its

value can’t be manipulated as easy as fiat currency, and it lends itself to the
concept of universal basic income. UBI is all about giving a regular income to
people regardless of their socioeconomic status or employment condition.
Cryptocurrencies are mined from a decentralized system of ledgers and
transactions known as blockchain. In a blockchain, transactions from various
sources get recorded and are kept by a network of specialized computers.
Usually, these blockchain keepers are “compensated” for their efforts in
maintaining in a block with cryptocurrency. This process is called mining. For
every digital transaction recorded and stored, a miner is paid in Bitcoin,
Ether, or Zcash, depending on which blockchain they are using.

In a future where our transactions with shops and services are likely to be
handled by automated systems, cryptocurrency removes many of the
intermediaries that would take their own cut. 
There is no central bank that determines it’s value or controls the flow of new
money being created.  So there is no manipulation of the amount of money in
existence by an institution.
Since value of cryptocurrencies are determined by the market , countries are not
involved, so the welfare of your nation’s economy will not affect the value of your
cryptocurrency. 
Lowest fees to transfer money anywhere in the world makes it very easy whether
your objective is to transfer enormous sums of money globally or to conduct
micro transactions with someone on the other side of the planet.
The transaction process performed via blockchain is fully
transparent and involves a public ledger that can be seen by
anybody but can’t be changed, deleted or edited. The ledger keeps
on updating itself with transactions and any transaction can be
tracked by the respective user.
No need to print money because mining will be doing all the
needful. In turn, the deflationary cryptocurrency may remove the
term inflation from the economy, because it is being produced in
limited quantity only.
 due to their potential to raise capital finance, bypass existing capital markets that are too costly to
participate in. “

Difficulties that question whether this is a welcome change:

A lot of discussion about whether cryptocurrency is traceable or untraceable. If it
can’t be traced, it has an immediate appeal for the black market.
If everyone begins using cryptocurrency, infrastructure would need to
be developed with that in mind. It might not take too long for cash to
become incompatible. At this point, it remains to be seen whether
established financial institutions could pivot to that new status quo in time.
The cryptocurrency market has right from its inception been beset
by the activities of hackers and cybercriminals. But this is not a
problem that fiat currency has not faced.
Regulators face substantial challenges when evaluating the risks associated with cryptocurrencies because
the resources required for regulation require justification to taxpayers and there are frequently more
pressing problems. As such, cryptocurrencies are often dealt with on a case-by-case basis.