Can it be possible for the whole wide world use a single currency?

fara_buduk

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Quote from: senin on May 24, 2018, 12:10:50 AM

Quote from: Zhagedu on April 28, 2018, 08:37:33 AM

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?

I do not think that this will happen in practice. Bitcoin has many drawbacks, and altcoyins continue to develop quantitatively and qualitatively. Already, many of them have far surpassed bitcoin. Therefore, even people will use different types of crypto currency.

From the point of view of the states, the use of a single crypto-currency on a global scale is generally impossible because of the high volatility of bitcoin.

I also think it is impossible for bitcoin to be a single money because not all transactions can use bitcoin other than altcoin which is developed as a certain transaction tool in its role we still need money FIAT

senin

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Quote from: Zhagedu on April 28, 2018, 08:37:33 AM

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?

I do not think that this will happen in practice. Bitcoin has many drawbacks, and altcoyins continue to develop quantitatively and qualitatively. Already, many of them have far surpassed bitcoin. Therefore, even people will use different types of crypto currency.

From the point of view of the states, the use of a single crypto-currency on a global scale is generally impossible because of the high volatility of bitcoin.

robbietobby

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If you are talking about bitcoin being a single monetary value that's not possible because each country has its monetary specificity. All values in the market have their own conversion factor that would discriminate your btc values. If this were all about bitcoin as their leading digital currency in each country, that is possible. All in my thoughts.

Wong Kalong

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Quote from: Zhagedu on April 28, 2018, 08:37:33 AM

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?

I think it might just one day happen. The more the future, of course, the world will grow and we do need a very sophisticated technology for our daily lives. And Bitcoin can be a good suggestion if in the future Bitcoin is used for the single currency around the world.

Pinoyfan

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Quote from: Zhagedu on April 28, 2018, 08:37:33 AM

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?

yes it is possible cause people nowadays love technology and they tend to choose technology rather than the old ways. so i think cryptocurrency will be our currency in the future. cause they love technology they use it. the world will be cashless and all of our money is in or on our electronic wallet. thats right.

Paul Pogba

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Today there are more than 195 countries spread over 5 continents, and with many countries then all the problems and potential of all countries of course is different, if the world using a single currency of course many countries that do not agree.

Sir Legend

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Quote from: kive2k on May 22, 2018, 05:43:30 PM

Bitcoin is possible to use, but it still takes time, at the moment you can not pay exclusively bitcoin, but in the future it is quite possible.

I agree, to make the world better then the most appropriate solution is to make bitcoin as a world currency, I'm very sure that if it is done then the transaction system becomes better and cheaper.

xSkylarx

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Quote from: Zhagedu on April 28, 2018, 08:37:33 AM

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?

I think that is too possible though we all know that cryptocurrencies would help the economy with that. Years have passed but there was no single currency implied or being used globally. Cryptocurrencies could be accepted in some countries but too impossible to become a single currency.

The_Dark_Knight

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Quote from: Zhagedu on April 28, 2018, 08:37:33 AM

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?

I do not like the idea of any currency being the only one that is used, it doesn't matter if it's named bitcoin or ethereum or the United States dollar, having a single currency will make the economy of the world a lot more susceptible to failure, so it is way better to have several currencies competing among themselves than to have a single currency.

Bitkoyns

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it cannot be, the main objector on that thought are the governments they do not want their currency to fade and used a single currency. Maybe international currency but for a single currency it is impossible.

Coin-1

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I think that it is almost impossible to use a single currency for the whole world, because the powerful countries want to spread their own impact on the whole planet. In addition, some economic groups wish to increase their current stake on the different markets, buying the goods and services as cheap as they can. Yes, some crypto currency can be used as an international currency, but only if all counter agents of the exchange relations agree to recognize this coin as a payment.

kamilah147

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Quote from: Zhagedu on April 28, 2018, 08:37:33 AM

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?

each country is issuing its own currency, so no single currency is used in every country, the problem is that the country has its own symbol as the currency is a symbol of a country.

queenlaurel

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The use of cryptocurrency worldwide for now may not be possible, because some countries are still not yet up to the standard of other countries. It will be a bit difficult for small transactions. Maybe later in the future when such countries are economically stable and do not have corrupt leaders. Bitcoin is being used now though but if it gets to these countries it's still changed to their different currency, so for now not yet possible.

deevan

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It will never happen for any single currency to be accepted globally even if it is Bitcoin because not all Governments of countries will agree with it due to political disputes among them & legal regulations. Yes, it may happen that individual country Government allows its citizens to accept/spend cryptocurrency in their daily lives within their own country. It's not easy to impose the rule of acceptance of cryptocurrency on people because for some people it is not easy to handle it & properly taking care of their wallet.

kive2k

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Bitcoin is possible to use, but it still takes time, at the moment you can not pay exclusively bitcoin, but in the future it is quite possible.

Superways

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Quote from: TheClownSong on May 21, 2018, 03:36:58 AM

Quote from: Zhagedu on April 28, 2018, 08:37:33 AM

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?

Its hard to make bitcoin as single currency in all around the world. Every country have their own regulation about monetary and regulation about currency. But I think maybe in the future bitcoin can be accepted as payment globaly

If the people from all over the world will agree to sue bitcoin for their daily use within their nation and internationally then the governments will not be able to restrict them from using that currency. The power of every nation is in the hands of people of that nation and the rules are made for their benefits so if it becomes the benefit of the people of all over the world then it will become compulsory for the governments to accept it. It will definitely be accepted as a single currency in the coming future.

yarozaqu

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Quote from: Zhagedu on April 28, 2018, 08:37:33 AM

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?

I am not sure for the whole wird use a single currency
because every countries has own currency. they want their currency will remain.

storfox

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Of course it would be good if all countries used a single currency for payment since this would save large amounts of money by eliminating commissions when exchanging one currency for another. Sooner or later, countries will accept the cryptocurrency as a single currency for payment because the cryptocurrency has many advantages.

Bastok

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Quote from: jorgelugra on April 28, 2018, 06:08:16 PM

I think yes but not now. People aren't ready for such sudden changes. In the future, I believe that crypto currency will be the only one or the leading currency used by everyone

It is not possible to use a single currency only for entire world. The currency that we used eversince the money created in each country will still existed. Only there is additional currency added, the digital currency that wr have right now. For online transaction we can use one currency for fastest transactions.

Bonsaiav

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Along with rising Valuations, Popularity and its Technology, which could be an alternative to conventional currencies, bitcoin has been regarded as the most famous and best virtual currency.

In my view bitcoin will certainly develop into a single global currency and this technology can be a part of the global financial system if every head of state simultaneously approved it.

Topic: Can it be possible for the whole wide world use a single currency? (Read 1239 times)