Topic: Bitcoin to be international currency - page 11. (Read 94961 times)
Bitcoin has already garnered the much needed global prominence. There is no gainsaying the fact that it is an already entrenched international currency. What is now needed is for governments and nations to make efforts towards making it a local legal tender. The rate at which Bitcoin is gaining relevance and the level of transactions that are been carried out with the crypto currency suggests nothing but a possibility of a global acceptance. At the rate at which Bitcoin is gaining popularity globally, in no time, we may begin to see framework that would make it generally acceptable.
I think the current problem is its popularity. I am not talking about its popularity in the crypto world, but in the "real" world where people trade deal with transactions every day and for everything. let's imagine if you can use bitcoins or other types of cryptocurrencies in a supermarket, to pay for cars or tuitions, would you think that any current fiat has the ability to compete with the cryptos? Even with regulations from the government lead to taxing on the transaction, if we find a way to somehow maintain the anonymity and low transaction cost of cryptos, I believe we are looking at a huge potential in a crypto dominating future.
The problem is that even bitcoin users believe more in fiat than btc.
If they thought btc was the bomb, you will see more customers requesting that street stores add bitcoin payment options.
If they thought btc was the bomb, you will see more customers requesting that street stores add bitcoin payment options.
I like bitcoin becoming international currency. But to achieve that, many companies have to accept bitcoin and other altcoin payments. with guarantees of valuable assets. The trend I see is growing a lot this year.
I think bitcoin now as international currency.many countries accept it as a digital currency.many people across the world are use it,lot of people trade it.and invest it.definately,bitcoin now as international currency.
Btc is absolutely international currency but i think it will be smart gold, and maybe don’t use to sell and buy, it will be storage property 
also not backed by any central banks
It is because Bitcoin is decentralized currency, Central bank will abolished if they allowed it. Or why don't they renamed it like. Decentalized Bank?
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Many people still depend on paper money for their day to day transactions.Bitcoin requires internet connection but this is also not possible in every corner of the world.
Along the way, the entire world will be interconnected.
It is already a international currency as majority of people across the globe are using it, the only thing we need is that it should hit the mainstream to get more popular in future.
Yes it is because as we all know bitcoin is most powerful and popular crypto currency in all. Most of the people prefer bitcoin than the rest. In a matter of fact, bitcoin is peer to peer electronic money system and used as transactional tool. I am favor with this because there are many investors who support bitcoin as well as people who enjoy doing bitcoin. Majority of the people used bitcoin that's why it id possible to make it happen.
It is already a international currency as majority of people across the globe are using it, the only thing we need is that it should hit the mainstream to get more popular in future.
Yes it is because as we all know bitcoin is most powerful and popular crypto currency in all. Most of the people prefer bitcoin than the rest. In a matter of fact, bitcoin is peer to peer electronic money system and used as transactional tool. I am favor with this because there are many investors who support bitcoin as well as people who enjoy doing bitcoin. Majority of the people used bitcoin that's why it id possible to make it happen.
I'd go as far as saying it already is the world currency. I mean all other currencies are tied to a geological space. Bitcoin is truly decentralised and by default global.
To describe the bitcoin network, the definition as a full-fledged peer-to-peer electronic money system is more suitable. The system is designed to make payments without intermediaries.Now the network of bitcoin is still in the stage of development and implementation of Bitcoin now serves as a digital gold.Bticoin needs to go through the development stage.Solve the problems of flexibility, scalability and anonymity. And only then can it become a world currency.
bitcoin is an independent currenccy. Based on a decentralized technology. Nobody can fully control it. nobody can claim it. so it is an international currency. you can use your bitcoins in anywhere in the world with almost same value.
I am not in favor of the idea. Due to many reasons. Like how it is limited, Bitcoin that can be circulated virtually is up to 21,000,000 which at first is big but all of us 7 Billion plus sharing it would not be enough to be considered as a global currency.
If bitcoin to be international currency, what do you think?
You can use it every where and anywhere, without exchange it.
And how to use transaction with it, if bitcoin just crypto currency?
How many people like with this thread?
In my opinion, bitcoin has become an international currency because people in some countries have recognized bitcoin as a transactional tool and even use it as an investment tool. But legally bitcoin is not recognized as a currency because in every country already has its own currency. But bitcoin can be used by everyone from different parts of the world, because bitcoin itself is not bound by any country. You can use it every where and anywhere, without exchange it.
And how to use transaction with it, if bitcoin just crypto currency?
How many people like with this thread?
I believe that as long as the state exists, it will be difficult to establish a set of monetary system that transcends national sovereignty and legalized digital encryption.
Digital cryptographic currency is just a choice for people to make financial activities!
Digital cryptographic currency is just a choice for people to make financial activities!
Bitcoin is well known, and if it becomes an international currency, its price will be immeasurable.
Because it's measuring 21 million.
Because it's measuring 21 million.
Bitcoin is already an international currency people buy and sell goods online and even book tickets for international flights.Bitcoin is a digital decentralized currency that is operated all over the world with low fees and no central authorities interfere in the transaction . Bitcoin was the first payment system later it is shut down. Bitcoin has caught attention to people who distrust their government.Even though Bitcoin is decentralized some people do not like bitcoin since they think that it will be at risk due to the nature of Bitcoin.
If bitcoin to be international currency, what do you think?
You can use it every where and anywhere, without exchange it.
And how to use transaction with it, if bitcoin just crypto currency?
How many people like with this thread?
You can use it every where and anywhere, without exchange it.
And how to use transaction with it, if bitcoin just crypto currency?
How many people like with this thread?
Well it could be a good news if BTC will become the international currency. It could be convenient of all the nationality which travels in different countries.
Many things that bitcoin should be fixed in order to become international currency, for example is the speed of the transaction, I hope that the speed when sending bitcoin is not dependent on fees and can be received in seconds.
You may think so because it is used everywhere in the world. No matter where you are, you can use them.
Yes, there is no country specification of buying and selling but in future it is not possible because we have to show the assets to the government once they legalize the Bitcoin. As of now we can use anywhere in the world.
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