Topic: Crypto as universal means of exchange (Read 499 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.
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.
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.
Yes I can say with all confidence that the crypto is the means of exchange that will be used in the future, it's going to take over from the conventional currency but the issue of how the illiterates will be able to use crypto still seems unrealistic because without knowing how to read and write it'll be hard to use the phone with internet for cryptocurrency as means of exchange
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
For sure, because it sell my Crypto coin at any point in time, that i don't even know who is buying it, base on that, i only know the exchange used to sell, even when buying, still the same process, which we can see the transaction as a universal exchange.
Current situation predicts that crypto seems to be such convertible means of exchange as money once ever. And this fact is making us believing that crypto will be developing for so long.
Crypto will replace our current money in the far future I think. Its independence and security will make people sure in necessity to use it.
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?
As far as I know, there is no an application on cryptocurrency project that provides solutions for illiterate usersI think, one way to provide a solution for them is the guide features on the wallet app, developers can create guides using pictures or visualizations to help them
So you are concern to illiterate people? If the government are concern with them this will be easy to solved because government must help them to become literate,how? The Government must make a program to introduce the crypto gradually, they must send expert people to help them or teach them to become literate someday.
Well in my own opinion, crytocurrencies will really have a potential to be a global means of exchange, and you are concern about illiterates? well, they can still use crypto without much having to have more knowledge about it, i mean, thats what we do for them, we make them understand by means of exchange, transactions. all they have to do is just spend or purchase.
Cryptocurrency is actually becoming the universal means of exchange. Global transactions have started taking place gradually with the use of cryptocurrency. It might not have been that significant but the truth remains that, this evolution has come to stay and people will all get used to it with time.
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
The question you are talking about is very interesting. Now it is really troublesome to operate cryptocurrencies, but I think that these difficulties will be solved in the future development! I think the phone can solve these problems in the future!
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?
Uhhh illiterates are scattered throughout altcoin discussion?kidding aside, as the world economy progress as well as the cryptocurrency, I think illiterates can be brought in as well. I mean only the indigenous people are off the grid, poor people that are in cities can be easily introduced to the system. But in some cases, third world countries like mine, governments are starting to help these kind of people to connect with us and the world.
I can’t say anything about features which you mean, but I agree that cryptocurrencies and BC at all will be the key to our future. With the help of it we could be able to solve come global problems.
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?
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