Topic: Crypto as universal means of exchange (Read 465 times)
indeed many people expect crypto to be a global payment tool but in Indonesia it is still difficult to do because many people are still illiterate and many lack knowledge about computers and the internet
Is it difficult to use cryptocurrencies? In my country, it is more difficult to conclude a contract of sale than to buy a cryptocurrency, so I think that soon it will be possible to safely use cryptocurrencies.
Using cryptocurrency is indeed not difficult. But for those who are new to crypto I think it will be a little more difficult. Because someone must gradually understand how crypto works. So everyone certainly can use cryptocurrency.
All cryptocurrency enthusiasts hoping crypto become global means of exchange, it sounds cool though but I was just thinking about how the illiterates going to be able to use crypto too. I mean what are the features which can be introduced to streamline the illiterates into the system?
We all are aware with the decentralised nature of crypto currencies, as when they were introduced say a decade ago were completely new and no one was believing on them but with time people get aware with the potential of crypto currencies and started becoming familiar with them and some countries after realising such a great potential of bitcoin has even legalised it in their nation but the fact is that most of the nations are in against of crypto because of its illegal use as there is no proper authentic regulating body over the bitcoin and the solution to this problem is to legalise the crypto all over the world so that governments will keep eye over all the crypto activities then. 
Is it difficult to use cryptocurrencies? In my country, it is more difficult to conclude a contract of sale than to buy a cryptocurrency, so I think that soon it will be possible to safely use cryptocurrencies.
It is interesting if talking about the use of cryptocurrency in the worldwide. If considered as one of the global exchange manner, it can be because it is different as the fiat bank that must follow their procedure. The crypto is sometimes anonymous and can be used easily and widely around the worldwide exchange. However, to be used in some payment transaction, there are still limited companies accepting.
It will eventually get close to this, I mean it won't be all the time and everywhere but it will get popular online for sure. All online shops will either have crypto payment systems or a way that they will get paid in fiat but you will be capable of paying in crypto. The trouble begins on brick and mortar stores, bitcoin does not have a card (I mean there are card companies like coinsbank or xapo that allows you to get one but its a pain to get one when you are living in a third world country) so we need to figure out a way to make that in hand payments easier to get the adoption rate of making crypto a universal means of exchange. I believe we have a huge potential since Bitcoin is not any countries money but all of ours and we are the owners of it so we should be capable of using it anywhere around the world.
Its not a big problem for the illiterates how they be able to adapt the new technology innovation in a global means because it can be easier to connect. Digital currency is a friendly innovative technology which the main purpose is to make safe and fast transaction which we are looking in this generation, it can be learned through a lot of teaching and sharing knowledge so is not a problem anymore.
illiterate sounds a little rough, many times they are skillful people in other subjects, what happens is that cryptos are not so easy to understand, especially if we go by the technical side, what can be done is to try to explain the basics to understand its use, for example in the financial system not all who use it understand finance and how to make a check, the same thing we can do in cryptos.
All cryptocurrency enthusiasts hoping crypto become global means of exchange, it sounds cool though but I was just thinking about how the illiterates going to be able to use crypto too. I mean what are the features which can be introduced to streamline the illiterates into the system?
If illiterates can make use of card system of payment, i wonder why they will not be able to key into the usage of cryptocurrency if it is integrated into a card, such as master card. There are some coins that have introduced it, but i am too sure of how successful it is. If it can be used for coins like bitcoin, then the better. All cryptocurrency enthusiasts hoping crypto become global means of exchange, it sounds cool though but I was just thinking about how the illiterates going to be able to use crypto too. I mean what are the features which can be introduced to streamline the illiterates into the system?
the global crypto system would help us so much. whatever the consequences might be, i am still sure it has better chances than fiat. and no doubt there will be a space for those who can' understand a thing
Crypto with decentralized management and outstanding features such as fast, economical, secure ... has great potential in becoming a global means of exchange. At present, many countries have not accepted the crypto, the non-governmental nature of crypto has also restricted crypto to become a means of global exchange ... I think, in the future, everything will change.
Global use of cryptocurrency will be only when people are ready and will be aware that using cryptocurrency as a means of payment is beneficial, safe and convenient.
the first thing to do is that they must know in advance what is meant by the internet, if they already understand, then they must also know about the banking system, then we can explain that this is a banking system that is a little more sophisticated, easy and fast
All cryptocurrency enthusiasts hoping crypto become global means of exchange, it sounds cool though but I was just thinking about how the illiterates going to be able to use crypto too. I mean what are the features which can be introduced to streamline the illiterates into the system?
Not all! some or most crypto-related people are looking forward to the cryptocurrency to replace FIAT.
It is not for exchange but for the finance and will serve as the main currency of the world.
Like me, i am hoping to see BTC and alternative cryptocurrency to be the basic means of money!
The illiteracy rate at some part of the world makes my mind go blank when the topic of this sort is raised. It going to be a challenging task due to the risk associated with crypto. Considering the private keys, it going to be easily compromised making more people lose interest
Something of a point, but actually it's not just the "uneducated" or even the "illiterate" people who will lose interest in something like Bitcoin because of the private key that must be kept safe. I keep meeting educated people in this space who know everything about crypto except how to use it. They don't even realize they don't own private keys.
Education is one thing but awareness is another?
You can think like a lot people don't know illiterates but they can use mobile phones so why don't they learn to use this and the world and globalization are improving quickly so probably in foreesable future, all humans will know how can write and read.
The illiteracy rate at some part of the world makes my mind go blank when the topic of this sort is raised. It going to be a challenging task due to the risk associated with crypto. Considering the private keys, it going to be easily compromised making more people lose interest
indeed everyone will not immediately understand about using cryptocurrency, but I am sure that eventually everyone will be bound by cryptocurrency in any case, which obviously requires all the process
All cryptocurrency enthusiasts hoping crypto become global means of exchange, it sounds cool though but I was just thinking about how the illiterates going to be able to use crypto too. I mean what are the features which can be introduced to streamline the illiterates into the system?
It is not rocket science to actually start using cryptocurrencies as they are not hard to use, a lot of illiterates have learned how to use mobile banking so they can learn how to use cryptos. I just think that we would have to have crypto banks because there are people who are always going to need a way to store their money since people are always going to need a way to save their money
Everyday single day j just keep wishing that this would happen, a time when j could walk into any convinience store and after shopping, I pay with cryptocurrency, the best way to create awareness for people so they can learn about it is word of mouth marketing, and social media marketing. It would be rough at the beginning but it would work out great.
I eagerly await the day when this long standing dream of mine becomes a reality, I know it wouldn't be easy for mass adoption, every great and revolutionary technology faced one problem or another but with time, all those problems became a thing of the past, very soon we might start seeing Crypto ATMs and POS.
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