I heard that in Zimbabwe people use other currencies and cryptocurrencies to trade as their current monetary system has failed them. Do other countries also accept cryptocurrency as their main currency apart from Zimbabwe?
Its legal in my country but very few are using it as a currency itself and we can’t still buy food at the market using cryptocurrency so i think we are still far from this but its pretty good if you can hav cryptos legally. Actual method of payment will soon be happening in my place, a lot of Chinese here and they are paying most of the time thru their online wallet so maybe cryptocurrency will add to that option. 
Topic: Are there any countries that accept cryptos as an actual method of payment? - page 2. (Read 586 times)
November 21, 2019, 06:57:23 PM
November 21, 2019, 01:35:06 PM
You can check these sort of informations at Cointelegraph as for instance:
https://cointelegraph.com/news/crypto-vs-cash-which-countries-expect-to-go-digital-soon
Since more countries are willing to accept cryptocurrencies as another payment method i am positive about the upcoming generalization in becoming 1 currency for every country.
It is a matter of time till all government groups realize how important is to have a unique currency. Except for the fact that each single economy dependency as their unique financial system which could be a bigger delaying problem for this to happen.
In reality there could still be a solution if everyone will be willing to think on the same principle.
https://cointelegraph.com/news/crypto-vs-cash-which-countries-expect-to-go-digital-soon
Since more countries are willing to accept cryptocurrencies as another payment method i am positive about the upcoming generalization in becoming 1 currency for every country.
It is a matter of time till all government groups realize how important is to have a unique currency. Except for the fact that each single economy dependency as their unique financial system which could be a bigger delaying problem for this to happen.
In reality there could still be a solution if everyone will be willing to think on the same principle.
November 21, 2019, 01:28:53 PM
I heard that in Zimbabwe people use other currencies and cryptocurrencies to trade as their current monetary system has failed them. Do other countries also accept cryptocurrency as their main currency apart from Zimbabwe?
There are many countries which use Bitcoin as their primary currency like Venezuela and Iran. Those countries who are economically less strong or are facing sanctions from the US and their own currencies is becoming worthless, they are converting their money into bitcoins.
If you are talking about which country has legalized bitcoin, then Japan is one of the pioneers.
I don't know about Iran, but Venezuela definitively does NOT use Bitcoin as "primary currency". Very few people here know about Bitcoin, and some use it to escape hyperinflation, but it is very rarely accepted directly as a means of payment. You would have to be very lucky the merchant knows Bitcoin and is already knowledgeable enough to accept it instead of USD.
I don't know where you keep getting this impression, but i can tell you it is not true at all.
At the same time the government has been trying to promote the use of their centralized Dash fork, with very little success...
Zimbabwe, as far as i know, also went to the USD when their previous coin collapsed. As much as we want worldwide adoption, you have to look at the facts first.
November 21, 2019, 01:11:25 PM
I heard that in Zimbabwe people use other currencies and cryptocurrencies to trade as their current monetary system has failed them.
I don't know where you got the news from about Zimbabwe using cryptocurrency and other currencies to trade but if I'm correct a year ago they banned crypto currency which also among what led to the died of golix an crypto exchange reside in Zimbabwe.Do other countries also accept cryptocurrency as their main currency apart from Zimbabwe?
November 21, 2019, 11:04:25 AM
Don't expect othee countries to use cryptocurrency as their main currency because all countries have their own currency. Zimbabwe is facing a financial crisis which lead for their citizens to find another ways financially... As long as a country is still doing well and their currency is doing well, don't expect bitcoin to be their main. There are still no enough businesses accepting crypto so it will be hard for it to be a main currency.
November 21, 2019, 10:57:33 AM
I heard that in Zimbabwe people use other currencies and cryptocurrencies to trade as their current monetary system has failed them. Do other countries also accept cryptocurrency as their main currency apart from Zimbabwe?
as of now, there is no country that totally accepts bitcoin and uses it as their main currencybut bitcoin can be used all over the world if you only know the right person or the right merchant that accept bitcoin
November 21, 2019, 10:11:58 AM
Nope there is no country that adopts BTC, even Japan where merchants at every corner doesn't adopt BTC as a government. Its just that some businesses accepts BTC, people in Venezuela and Brazil are somewhat using bitcoin to make transactions to some stores but that is just it. You can't expect a country to rely on currencies they don't control, its like disrespecting their own.
November 21, 2019, 09:48:19 AM
I don't think that there are any countries where the government has implemented bitcoin or crypto as a main payment method at least not yet, but the bitcoin is really popular not just among the places where the fiat is failing but in countries like in the north eastern Europe and Canada, you can find many local stores and people dealing with bitcoin but in places owned by the government it is not available , but iam sure that in the next few years will see some that fully implement it into the system.
November 21, 2019, 08:37:04 AM
Yes, several countries in the African continent such as Nigeria, Ghana, etc. have used cryptocurrencies for the country's business purposes to encourage cross-border trade and payments. No doubt other countries in Asia are ripe to legalized cryptocurrency especially Bitcoin. Just say Japan, from a source that I read the Japanese government has legalized Bitcoin because of the many retailers/outlets that accept payments with bitcoin.
I am also in the Asia region so I expect countries in the Asian part to immediately legalize bitcoin for payments that are getting easier, Japan has become the first center in payment methods using bitcoin, and he said in Indonesia will also be discussed soon. could it be?
November 21, 2019, 08:30:26 AM
I heard that in Zimbabwe people use other currencies and cryptocurrencies to trade as their current monetary system has failed them. Do other countries also accept cryptocurrency as their main currency apart from Zimbabwe?
I think there's no such country will use Cryptocurrency as their main currency probably they will use it as an alternative but they won't use crypto as main currency because of stability issue. Zimbabwe use their own Zimbabwean dollar after of hyperinflation controversy that same thing happened on Venenzuela. There are some countries have officially used Cryptocurrencies upon their mode of payment like Japan but I haven't heard any new of using crypto as main currency. 
November 21, 2019, 08:22:49 AM
Yes, several countries in the African continent such as Nigeria, Ghana, etc. have used cryptocurrencies for the country's business purposes to encourage cross-border trade and payments. No doubt other countries in Asia are ripe to legalized cryptocurrency especially Bitcoin. Just say Japan, from a source that I read the Japanese government has legalized Bitcoin because of the many retailers/outlets that accept payments with bitcoin.
November 21, 2019, 08:19:41 AM
Main Currency? i think the main currency of Zimbabwe is not crypto it they just used it because of their problem now.
And in other countries no one is accepting crypto as the main currency and I think this is difficult to achieve because the government does not control crypto currencies. Therefore, this may only result from the confusion of people, especially those who live in the mountains and those who are not yet technologically aware.
And in other countries no one is accepting crypto as the main currency and I think this is difficult to achieve because the government does not control crypto currencies. Therefore, this may only result from the confusion of people, especially those who live in the mountains and those who are not yet technologically aware.
November 21, 2019, 08:17:52 AM
Not as main currency in my country, but slowly we were able to do many useful transactions using crypto like paying bills,donating, buying in online shops, and some store provides their own btc address or qr to scan when we personally buy some items. Many are already using it as method of payment as technology and adoption advances, but only those who theie main fiat didn't work or already experiencing economic problem affecting their currencies will be able to set it as their main method of payment.
November 21, 2019, 08:05:50 AM
There are tons of countries that has some active ecosystem for cryptos going on already, and I think it is not something new as it has been like this for years after people realized that cryptos are actually not just a way to store money but to also be used as a currency to which they can buy goods and other stuff in the market. It's just not as evident as you may want it to see, say, a huge portion of the population being engaged in cryptocurrency trading and/or using it as an actual currency to buy goods.
It's already happening, just that it's not that pretty evident or widespread yet.
It's already happening, just that it's not that pretty evident or widespread yet.
November 21, 2019, 07:36:55 AM
I heard that in Zimbabwe people use other currencies and cryptocurrencies to trade as their current monetary system has failed them. Do other countries also accept cryptocurrency as their main currency apart from Zimbabwe?
My country is strict with regulations so it's not in my country, maybe in a country that is bankrupt and has a low currency value, but in some developed countries like Japan already using it as a payment instrument there, but I feel that bitcoin with a high value is rather unfavorable used as a micro payment tool November 21, 2019, 07:10:05 AM
Japan , korea, the US are also taking is as a method of payment.
Yes! I have already see this news many times before until now, a lot of country are using it now, especially now here in Asia, a lot of resto and different merchants already accepts it, me ,myself tried it in one of the milktea shop I pay a local coin for my purchase and its done, I got my milktea using my coin. 
November 21, 2019, 06:44:36 AM
I think, there is no country that really uses Cryptocurrency as their main currency, they only become Cryptocurrency as an alternative currency or only as an online payment instrument not as a major currency. But we have seen Japan which has legalized Cryptocurrency and maybe in the future will use Cryptocurrency as their currency.
I also think the same way but when it comes on buying products and services then my country is open for it because there are some stores and company here that accepts bitcoin as a payment which is less hassle and more convenient, it is not our main currency but the adoption is great because as far as I know there is a hospital in my country that also accept bitcoin. It is good to know that Japan was able to realized the capabilities and potentialities of cryptocurrency, it can be one of the reason why they have finally legalized it. Well we can't tell the things that may happen in the future but if it finally happens the it is good because the adoption is getting big and it can influence the decision the government of other countries. November 21, 2019, 06:21:05 AM
Japan , korea, the US are also taking is as a method of payment.
November 21, 2019, 06:06:41 AM
Long back when Zimbabwean currency experienced inflation people started to move to bitcoin for all form of business transactions. By then there were more suggestions from financial experts to adopt the bitcoin as the primary asset for usage. Zimbabwe didn't reacted and over few months of time it opposed cryptocurrency usage.
If Zimbabwe have adopted now it should have got recovered out of the inflation experienced. Recently Venezuela took initiative, but the implementation isn't that effective.
If Zimbabwe have adopted now it should have got recovered out of the inflation experienced. Recently Venezuela took initiative, but the implementation isn't that effective.
November 21, 2019, 05:57:10 AM
I think, there is no country that really uses Cryptocurrency as their main currency, they only become Cryptocurrency as an alternative currency or only as an online payment instrument not as a major currency. But we have seen Japan which has legalized Cryptocurrency and maybe in the future will use Cryptocurrency as their currency.
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