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?
When the time comes and crypto-currencies will be accepted all over the world - the generation of people and their (our) thinking will also change and everyone will be able to use digital currencies as a means of payment.
Topic: Crypto as universal means of exchange - page 2. (Read 465 times)
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?
When the time comes and crypto-currencies will be accepted all over the world - the generation of people and their (our) thinking will also change and everyone will be able to use digital currencies as a means of payment.
When the internet started, everybody were illitrates when it comes to handling computers but just look at the world today, when something is new, awareness needs to be created but before long, people would pick it up and make it thrive, if mobile money can work worldwide, then a far Better and superior technology like Cryptocurrency would make waves.
I thought of this once and I found out that it's already happening, but only the few once that know about it are utilizing it large scale, businesses are ongoing within parties from different region and country with the use of crypto now, and many more will definitely join the train in due time. I really think it's the best thing to do.
Introducing the cryptocurrency to the people especially to those who still don't know it yet will surely give more popularity to it. And if possible to be a mass adoption it will be a good breakthrough. Because cryptocurrency has help us a lot, they just still don't know it yet.
I think illiteracy is an issue that is not only limited to cryptocurrency, but this is a broader context, namely global social issues that must be resolved together. so I think before those who are illiterate can use crypto as a global means of exchange, they have to get mentoring and education regarding the illiteracy of the letter. but if later Crypto is able to find innovations that can help illiterate people, this will be very good, public trust will be higher, enthusiastic for every circle, and crypto will be accepted globally in the future.
In my opinion, no one can deny the crypto's superiority and utility to human life. Crypto has the potential to become a global payment medium. But first and foremost, crypto should be supported by governments all over the world. And governments need to take measures to promote and educate people to use crypto.
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?
Crypto will only become universally adopted when the blockchain mechanics disappear into the background. Think about how easy it is today to send a message with an app compared to what people had to deal with in the 1990's with IRC. When sending crypto becomes as easy as sending an emoji is when it will become universal.
Well no doubt this will happen but time will tell when. Digital future AI and machine learning is coming and i believe that we will use more and more but real mass adoption will not come before 2020
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?
There might still be some ways in which they can be integrated into the system. If cryptocurrency can be adopted by governments, it will be much easier and the usage will work as supposed.There are some cryptocurrencies that gave adopted the card system. Their coins can be integrated into cards and they can used that for transactions that they might be in.
That would be interesting, it is already a universal mean of exchange, it is just a question of widening the adoption to make it good for everyone and beneficial for all of us.
already many of people use Bitcoin to transfer money through border, in my country there are many of such people.
for example Chinese buy 20Bitcoins every month to transfer them
for example Chinese buy 20Bitcoins every month to transfer them
For sure I believe it is likely going to happen and bitcoin could lead the way because recently a lot of people have started accepting bitcoin as a payment option and given it time more people will accept it and it will lead to mass adoption.
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.
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?
Basically, Bill Gates already state the benefits of the Cryptocurrency in terms of supplying the needs of the poor. Bank in the poorest areas are unaccessible and it is very difficult to have an account. With the help of cryptocurrency, people with different status can now be equal and exchange their currency freely.
This best decision for exchange of a different item. Convenience of the translation and low commissions. Ideal working means.
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?
When it comes to money there is nothing like illiteracy, every one is conscious of money features. The ability to use digital system like computer and phones is the major thing we should consider. Thanks
When the crypt is accepted by many countries, I think that they will be able to solve this problem with illiterate people. I believe that there will be certain seminars dedicated to cryptocurrency and blockchain. Perhaps schools and institutions will start to allocate more time to the study of technology. And all this will be aimed at making people initially get used to crypto. Then I think there will be no illiterate people.
Don't think about them, they will suddenly learn about it easily. It's easy to create a mobile wallet where they can store their coins and they can use it for whatever purpose that they want.
No need to be tech savvy just to be literate in crypto's. Experiencing on how to send and receive would be the very basic step for them to start getting into crypto's.
No need to be tech savvy just to be literate in crypto's. Experiencing on how to send and receive would be the very basic step for them to start getting into crypto's.
Well, the first to be introduced into the system by competent people, those who have managed to figure it out. This is already happening slowly. When the crypt is accepted everywhere, I think that the state will find a way to attract illiterate people too in this process.
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