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Topic: Can Bitcoin become the universal currency of the world? What is the reason? - page 4. (Read 1857 times)

newbie
Activity: 3
Merit: 0
I think one unique currency is impossible, but one that could be universaly it's pretty acceptable like gold or US dollars. If you go to the center of Paraguay they accept dollars the way you want, even in countries pretty closed (like Cuba) the US dollar is acceptable.

It's all about accept the currency and to understand "simply" the way it goes like people think about dollars... you spend your dollar and just know the first step ahead and that's it; so BTC must be the same as the dollar is.  Cool
member
Activity: 271
Merit: 10
Can Bitcoin become the universal currency of the world? What is the reason?

Universities and colleges are opening up to the idea of taking donations via cryptocurrency…by Manoj Sharma for CNR Earlier this week

Read more:
https://www.trackcoinmarket.com/en/crypto-news/34494/universities-colleges-learning-handle-donations-bitcoin
At present, bitcoin can not become the world's common good but I think in the future it will be able to become the world's common currency because I see the bitcoin is now growing back and gradually more people know it
sr. member
Activity: 2520
Merit: 280
Hire Bitcointalk Camp. Manager @ r7promotions.com
Even now bitcoin can be used by universally so the people need to use that now for everything if they want to spend or transact any money.The reason why we want the bitcoin to be used universally is because of its decentralization we can pay and store our money by iurself and we can exclude expenses for storing money and also the inflation,black money and much more.
sr. member
Activity: 826
Merit: 256
It will be difficult for the bitcoin even there is an international group that steadtfastly pushing it in many countries to become a universal currencies. Many governments are still against bitcoin and they've been planning to establish a global regulation for cryptocurrencies which includes bitcoin. The top coin will remain to be the altenative currency in the world unless governments changed their minds.
newbie
Activity: 14
Merit: 0
I think it can, the existence of Bitcoin and other types of electronic money present certain challenges to the current monetary system. Its technology makes banks, brokers and credit card companies trust. Meanwhile, Bitcoin ownership is something that only the user knows, and is hidden behind the block code. In the future, bitcoin will be legal and become the common currency of the world.
legendary
Activity: 1610
Merit: 1003
it can be currency for global if all human know about crypto, but for a while. it can be global currency if it can be use offline mode like fiat. everything have power and deficiency, so, use it in the right place. i think crypto can use without eliminating fiat. if some people want to pay in crypto is available, and fiat too
full member
Activity: 1110
Merit: 104
maybe, but I think it won't be easy for countries to accept and regulate it, maybe in the next few years many countries will receive crypto but it will take time to be able to set it up.
hero member
Activity: 1470
Merit: 555
dont be greedy
bro, the price of bitcoin is always rising and falling is the main reason why until now bitcoin cannot be adopted as a common currency for shopping in supermarkets. which causes the price of ups and downs because bitcoin is not backed up by real assets, I prefer cryptocurrency supported by real assets such as USD, Gold or Real Estate. this allows investors to feel safe with the amount of coins they hold
full member
Activity: 392
Merit: 101
There is nothing impossible in the progress of this technology, if there are already many countries that accept bitcoin in their government, it can be possible that this bitcoin can be designated as an electronic currency. But of course it takes a long time to implement this.
hero member
Activity: 3038
Merit: 634
Universal currency dosen't means it's used all over the world. Bitcoin used illegally over the world that's why it's not a universal or global currency. Bitcoin will becoming a global currency need a lot of high transparency. Because people's abusing it's in everywhere by illegal transactions.
But it is used all over the world right? Bitcoin can be used to all types of transactions so you may not just see the possibility and application now but there it is. Whether illegally used or not, don't look at that part because even fiat money is being used illegally.

It may not be the universal currency in the future or slight but it can be use by everyone for almost everything.

I think its very hard and impossible for bitcoin become global currency like US Dollar. Bitcoin is decentralized and no authorities can control and to talk to. But it could be global currency in internet
It isn't hard if the adoption is vast, we didn't even expected it to be supported by some countries so impossible can be possible.
sr. member
Activity: 1470
Merit: 325
Can Bitcoin become the universal currency of the world? What is the reason?

Universities and colleges are opening up to the idea of taking donations via cryptocurrency…by Manoj Sharma for CNR Earlier this week

Read more:
https://www.trackcoinmarket.com/en/crypto-news/34494/universities-colleges-learning-handle-donations-bitcoin

nope world will have countless currencies.
jr. member
Activity: 126
Merit: 1
THE ENERGY EFFICIENCY PROTOCOL
There is no denial in it that Bitcoin can become the universal currency because the population of internet users is growing rapidly  all over the world and the new generation can not think to live without it.They want everything on the internet so they will prefer the digital currency as well.
full member
Activity: 1260
Merit: 100
Can Bitcoin become the universal currency of the world? What is the reason?

Universities and colleges are opening up to the idea of taking donations via cryptocurrency…by Manoj Sharma for CNR Earlier this week

Read more:
https://www.trackcoinmarket.com/en/crypto-news/34494/universities-colleges-learning-handle-donations-bitcoin

I don't see it yet now, but i don't know if later bitcoin will developing quickly so it become the universal currency.
Bitcoin volume is enough to become a global currency because it provide high liquidity, peoples will easily use their bitcoin and the others can accept bitcoin as a payment. The only problem i think only the speed of btc transaction.
member
Activity: 378
Merit: 10
Can Bitcoin become the universal currency of the world? What is the reason?

Universities and colleges are opening up to the idea of taking donations via cryptocurrency…by Manoj Sharma for CNR Earlier this week

Read more:
https://www.trackcoinmarket.com/en/crypto-news/34494/universities-colleges-learning-handle-donations-bitcoin
Yeah it can be and only time can tell. Although this should be tackle with our leaders in every country and the possibility can be achieve if we all can be united to support bitcoin for mass adoption. The rest could be history.
full member
Activity: 471
Merit: 100
Bitcoin is already universal cryptocurrency. Because bitcoin use all over the world and so many fields. Bitcoin is a border less and no need to go third party. Bitcoin use blockchain system its also another reason.
Universal currency dosen't means it's used all over the world. Bitcoin used illegally over the world that's why it's not a universal or global currency. Bitcoin will becoming a global currency need a lot of high transparency. Because people's abusing it's in everywhere by illegal transactions.
jr. member
Activity: 140
Merit: 1
It will not become a universal coin in the near future but will compete in the money we are accustomed to. The world economy was born for centuries and bitcoin which 10 years is very difficult to be close to them ! But he is I think !)
hero member
Activity: 1078
Merit: 501
Can Bitcoin become the universal currency of the world? What is the reason?

Universities and colleges are opening up to the idea of taking donations via cryptocurrency…by Manoj Sharma for CNR Earlier this week

Read more:
https://www.trackcoinmarket.com/en/crypto-news/34494/universities-colleges-learning-handle-donations-bitcoin
in my opinion, it is already a universal currency because we can use it anywhere in the world especially if we have an internet connection. I can't say that there is still no universal currency because there is bitcoin now. So I guess there is no need to discuss it in further. LOL.
newbie
Activity: 26
Merit: 1
I think that's possible because with the stormy development of blockchain, it will be a solid foundation for the boom of bitcoin, more people will know it, and it will be used extensively on Around the world
full member
Activity: 378
Merit: 100
I hope Bitcoin becomes the universal currency of the world, because now is the era of technology so that the use of traditional money is not efficient, I think cryptocurrency is the best choice to be able to replace money as a means of payment
newbie
Activity: 70
Merit: 0
I believe it can however there will be a lot of consequences that need to be faced, such problem may acquire is lack of awareness and understanding of Bitcoin also the risk and volatility.
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