Topic: Crypto Become Universal Money? (Read 697 times)
If all countries supporting cryptocurrency then it will become universal money but I think it will take long time that the world will adopting cryptocurrency maybe 10 to 20 years I guess.
Still sketchy at this moment. Cryptos are still now widely accepted to majority of countries. Although it is neutral, meaning not illegal, the support is not there. Cryptos are still facing issues in the eyes of the governments so maybe there will be decades before this scenario happen. At this moment, I do see it more for both cryptos and fiat to coexist and not mainly cryptos alone. But who knows, since the development regarding technology is becoming faster, cryptos has a huge spotlight among other digital currencies.
The problem it would encounter in my opinion is the existence of other digital currencies. There are many fiat based digital currencies which are supported by many countries. Ofcourse, in our point of view cryptos has advantages so let us hope others would also appreciate this technology.
It is possible that someday all country accept Crypto Currency and it will become Universal Money?
Because I am a positive thinker I think its highly possible, because cryptocurrency is a high technology-based digital asset or currency and because our time now is too much relying on technological help it would be easy for the general population to use it as the established technology base asset or money if that time will arrive I'm sure that using cryptocurrency for everything we need will be as easy as counting. 
It is possible that someday all country accept Crypto Currency and it will become Universal Money?
Because I am a positive thinker I think its highly possible, because cryptocurrency is a high technology-based digital asset or currency and because our time now is too much relying on technological help it would be easy for the general population to use it as the established technology base asset or money if that time will arrive I'm sure that using cryptocurrency for everything we need will be as easy as counting. 
Too hard for it to happen, because not all countries favor crypto, many countries around the world have banned crypto because they fear it will affect their country's economy. surname. But some countries support crypto and are working to create their own cryptocurrency
unfortunately what makes cryptocurrency banned in some countries is because there are many cases of theft and cases of scam created from their country so that the country prohibits the use of cryptocurrency so it can be concluded that what you do will return to the good name of your country, make cryptocurrency a currency that is the best and as much as possible avoid a scam or try to do a scam so that the name cryptocurrency will be good again and many countries will give permission to use cryptocurrency again.
Too hard for it to happen, because not all countries favor crypto, many countries around the world have banned crypto because they fear it will affect their country's economy. surname. But some countries support crypto and are working to create their own cryptocurrency
I can only imagine some island in the Caribbean adopting this currency. And this island is something of a utopia for technological advancements and advanced civic and social features. But of course this kind of utopian vision is difficult to undergo and develop since you need to overcome many current socio-economic "hurdles" to easily adopt cryptocurrencies as a medium of exchange. We still have a long way to go before it becomes a reality.
if all countries accept the crypto I think it's impossible because each country has a legal basis legislation in different laws currencies that do not can be changed for the money eyes cryptocurrency could be the currency of all the countries I think is very difficult because there are many countries who see illegal cryptocurrency and unbelievably risky to be made tool payment for buying and selling value very quickly down and quickly rose so quickly.
I don't agree with the word impossible you have put. In science and technology, we are always being careful to use the word 'impossible'. It may not be possible now, but we can't rule out the possibility later. If we flash back to around 5 years later now, there has been increase in the number of countries trying to adjust their policies in order to incorporate crypto. So it's very much possible later in life that crypto becomes global currency.
The only possibility is there just one country on earth, in addition to this, crypto no way to become Universal Money. Let us face it the reality, most of countries forbid crypto now, the road of Universal Money ahead is full of thorns.Although i don not think crypto could become Universal Money, but i turely really wish it could.
It is possible that someday all country accept Crypto Currency and it will become Universal Money?
Not in our lifetime mate,because until now there are majority of countries in the whole world that against crypto so expect the battle will take until the next generation from us.if then we don;t know what will happen in that time but the important part what we can do is let them ready and open about crypto so in time the next generation will continue the battle and may be successful that time.
It is possible that someday all country accept Crypto Currency and it will become Universal Money?
Everything could be possible, and if you think at the moment they already accept virtual money when we pay with our credit card or with paypal. I think that each country must have his stablecoin
It might be possible but not at sight, there are a lot of things to be done before this can be achieved and the mass adoption can force Government to comply.
It's not that even a single altcoin can suit with the requirement to be used as a legal payment system and then bitcoin was also a commodity too. that means crypto has only a very small chance to be used as a main replacement for the universal money that is used by all of countries called fiat money. 
It is possible that someday all country accept Crypto Currency and it will become Universal Money?
Yes its possible that all countries are accepting crypto for paymenr but I cant assure that it will be called as universal money. Its gonna be hard way to be like that. Whats wrong being accepted for payment world wide? Its fine as long as it can be used no need to exaggerate it with the likes of universal money etc. 
It is possible that someday all country accept Crypto Currency and it will become Universal Money?
I can see a huge potential to see that cryptocurrencies become universal money or another modality of payment and transaction we still need to see that the government must first accept cryptos to make it happen. It is possible that someday all country accept Crypto Currency and it will become Universal Money?
for me, i think it is possible, since there's a lot of individual used it as a mode of payment in anything... but Beyond the impact of a cryptocurrency future on individual consumers and on financial institutions, governments themselves would suffer. Governmental control over central currencies is key to regulation in many ways, and cryptocurrencies would operate with much less government purview.
It is possible that someday all country accept Crypto Currency and it will become Universal Money?
So far as there are centralized organizations in this universe, there is no way cryptocurrency can become a universal money or currency for all nations in the world to use in exchange of goods and services. There are power groups in the world that would not allow decentralization in the financial ecosystem. These people will always like to control the nature of the financial ecosystem. The idea of decentralization might hinder how they control the financial space. Cryptocurrency is not yet recognized as a currency and to be even considered as a universal currency.
If you ask this question to normal people that don't know or understand about cryptos, I think most of them would answer no. But here, we're the community back and invest behind many crypto projects, innovation idea coins,... Of course, our answer would be a big YES. There is nothing such a dream for cryptos to become the universal money of the global.
It might be possible but not at sight, there are a lot of things to be done before this can be achieved and the mass adoption can force Government to comply.
It is possible that someday all country accept Crypto Currency and it will become Universal Money?
it will happen if all countries legalize cryptocurrency and I think it will happen soon, because we are entering the digital era, so we need everything that is fast, easy and safe, then in my opinion cryptocurrency is the right money to be used as a transaction in the current era, because cryptocurrency has the process is fast, safe and easy, therefore I am sure that one day all countries will legalize cryptocurrency and will use digital currency (cryptocurrency).
I've gone through several replies and yours is concise and valid. Some people hope that someday crypto will be accepted by all countries officially, this is extremely far-fetched as governments will try to protect their citizens due to the risk associated with crypto and also protect their national currency since crypto can actually make people use FIAT less if it's allowed to be universal currency per say. Also, it's possible that countries in future will start minting their own national coins on blockchain, but will be stable coins if ever it happens.
If some are having a dream that cryptocurrencies will be accepted as an official currency globally then they are living under a rock as it is impossible to foresee a situation like that, if you take into account how the process of cryptocurrencies works then you can call it a global currency as it is not having any border and you can easily convert it to your local currency at a much lower rate than the fiat currency. The idea behind every country coming up with their own national crypto coin is a bit too much as it does not mean anything if it does not have the underlying network capability to hold the network and i do not think any country will be spending billions to hold the network and hence it is not feasible . Jump to: