Topic: Crypto Become Universal Money? - page 4. (Read 649 times)
To be honest mostly crypto is still regarded as mode of investment and to make gains, yes it is used for payments and global transfers as well but that ratio is small as compared to the trading for profit. Crypto will become universal money after global regulatory compliance and encouraging atmosphere by govts to use it for payments.
The new currencies should be treated seriously, as they are a way to influence the market for their incorporation and subsequent investment, recently there are many projects concerning the blockchain that are very useful, one that caught my attention was MintMe.com that allows you to save and market your work in the form of tokens that you can exchange within the platform.
Your post is pretty of the topic and it shows that you are promoting MintMe, This could put danger to your account 
It's not impossible but I think it's still vague as of now since a lot of countries are still not open to cryptocurrency and decentralization. Other countries will accept or already accepted it, but I doubt that all governments will agree with cryptocurrency.
If all countries would use crypto as an alternative currency, it will need a lot of time because it needs the government and the public's acceptance and understanding of what is a cryptocurrency and its essence. It's possible, but we never know when or if it will actually happen, but crypto is slowly moving towards mass adoption.
Well it varies on every government and the countries situation. For now, in our current situation, I think it would be pretty hard discussion for governments to accept crypto in a time like this, But as a crypto believer, we all can agree that it takes time and it is possible that most of the countries will accept cryptocurrency. I just hope when it happens I'm still alive considering the fact that this will take a lot of time for every country to accept it and will become universal money. If all countries would use crypto as an alternative currency, it will need a lot of time because it needs the government and the public's acceptance and understanding of what is a cryptocurrency and its essence. It's possible, but we never know when or if it will actually happen, but crypto is slowly moving towards mass adoption.
It is possible that someday all country accept Crypto Currency and it will become Universal Money?
It depends on the Crypto currencies you have in mind, countries can decide to have their own National Cryptocurrencies which China seems to be doing and Vunezuela have their own PetroDollar, I think we are likely to see this but if what you have in mind are the Ethereum, Tron, BTC of these world they are not going to become Universal Money
The new currencies should be treated seriously, as they are a way to influence the market for their incorporation and subsequent investment, recently there are many projects concerning the blockchain that are very useful, one that caught my attention was MintMe.com that allows you to save and market your work in the form of tokens that you can exchange within the platform.
It is possible that someday all country accept Crypto Currency and it will become Universal Money?
I do not know what is the status of crypto in the place you live but here in my locality even if no store accepts crypto still you can exchange them for local cash and then use that cash for your needs. So definitely crypto is money and i am enjoying being part of crypto community and i am sure future belongs to crypto.
Even if this will happen it will taje a long time, many countries government have not yet approve the use of crypto in different countries, so it will be difficult to for crypto to be a universal money, nobody knows what will happen in the near future if this will happen, for now, it is in the hand of the government.
It's not impossible but I think it's still vague as of now since a lot of countries are still not open to cryptocurrency and decentralization. Other countries will accept or already accepted it, but I doubt that all governments will agree with cryptocurrency.
If all countries would use crypto as an alternative currency, it will need a lot of time because it needs the government and the public's acceptance and understanding of what is a cryptocurrency and its essence. It's possible, but we never know when or if it will actually happen, but crypto is slowly moving towards mass adoption.
If all countries would use crypto as an alternative currency, it will need a lot of time because it needs the government and the public's acceptance and understanding of what is a cryptocurrency and its essence. It's possible, but we never know when or if it will actually happen, but crypto is slowly moving towards mass adoption.
It is possible that someday all country accept Crypto Currency and it will become Universal Money?
If we are talking about the future. It is hard to see it that way. First off, different countries has different fiat money. But with bitcoin as universal money is hard to achieved. We have discussed this many times in different threads before and bitcoin failed some requirements to be fitted as "money". However, if we can see it as secondary monetary payment in worldwide it is possible.
its a money mate and its been discussed many times . btc as a secondary payment method is fine but whats not fine is its acceptance because fewer countries havent get over to thier bans made on btc . universal money does not means itll replace every currency a country has but i think it means we can use crypto on every country . thats not possible today but if we are talking about the future it surely is because future means many days are going to past by that time many changes are also going to be applied
It is possible that someday all country accept Crypto Currency and it will become Universal Money?
If we are talking about the future. It is hard to see it that way. First off, different countries has different fiat money. But with bitcoin as universal money is hard to achieved. We have discussed this many times in different threads before and bitcoin failed some requirements to be fitted as "money". However, if we can see it as secondary monetary payment in worldwide it is possible.
It is possible that someday all country accept Crypto Currency and it will become Universal Money?
Actually at this moment its impossible to say this where maximum countries of the world not accepted it. But positive side that in this pandemic situation crypto has explored massive way and maximum government thinking about it. As a result we saw US bank make custody system of crypto for their people. Russia also thinking about it. So i can say here if it goes in this way one day it will be universal money.
thanks.
It is possible that someday all country accept Crypto Currency and it will become Universal Money?
In my opinion, the government is difficult to legalize crypto as a currency or payment instrument. But the Government can allow transactions using cryptocurrency because cryptocurrency is peer to peer. The government already has various financial instruments including the Central Bank making it difficult for the government to make crypto as a legal payment instrument other than the currency issued by the government
Should cryptocurrencies take over entirely, new infrastructure would have to be developed in order to allow the world to adapt. There would inevitably be difficulties with the transition.Established financial institutions would likely have to scramble to change their ways.
The new currencies should be treated seriously, as they are a way to influence the market for their incorporation and subsequent investment, recently there are many projects concerning the blockchain that are very useful, one that caught my attention was MintMe.com that allows you to save and market your work in the form of tokens that you can exchange within the platform.
It is possible that someday all country accept Crypto Currency and it will become Universal Money?
That is not easy mate because there are countries that will always oppose in adopting Bitcoin and this is the sad reality.Imagine how this will effect their Currencies and also their Governments when decentralized currency took over?
I think for the next 10 years? this denial will continue and we cannot change that way.
The only thing that must matter on us is that the usage of this and the profit we get in trusting and investing in this.
My own country has no adoption still but no denial also.
It is possible that someday all country accept Crypto Currency and it will become Universal Money?
That is not easy mate because there are countries that will always oppose in adopting Bitcoin and this is the sad reality.Imagine how this will effect their Currencies and also their Governments when decentralized currency took over?
I think for the next 10 years? this denial will continue and we cannot change that way.
The only thing that must matter on us is that the usage of this and the profit we get in trusting and investing in this.
My own country has no adoption still but no denial also.
It is possible that someday all country accept Crypto Currency and it will become Universal Money?
It's possible and it looks like that this has already started to happen, you should try to check this news https://www.coindesk.com/bitcoin-is-a-form-of-money-d-c-federal-court-rules-bloombergI will not think it will replace the fiat but it will be considered as alternative money (digital money)
soon or later cryptocurrency will accepted as general payment system. it will not accepted as money but it will used as payment that didnt replace fiat. as alternative payment cryptocurrency have different function that is used as investment portofolio too. so when we used it we will take advantages when its price rise.
It can happen, but we need massive adaptation. The current state of crypto is way far for it to be used globally. A few merchants accepts crypto and crypto is not accessible to some areas especially rural areas. We need crypto awareness and acceptance by the mass, merchants and even government to be able to acknowledge as an alternative currency.
Cryptocurrency becoming universal money won't be happening in the short, right now few countries have shown interest of legalizing cryptocurrencies analysing and knowing the need for it. Some countries have even started to create their own cryptocurrency, so that it can be used within the country and government can have complete control over it. These days the digital transaction has increased, but there is no big adoption towards cryptocurrency. Maybe this can happen in the future.
It is possible that someday all country accept Crypto Currency and it will become Universal Money?
We are slowly getting there and I know it will happen at no specific time. I just heard the news in US that they accept bitcoin as real money and this can be a good progress to all of us. The only question here is that, will bitcoin stick to its limited supply or there's a chance that it can still be increase since if the mass adoption begin, there will be a limited supply of bitcoin and its price will become more volatile and expensive. Let's all hope for the better, we need this real digital money under no control of anyone, and transact freely without experiencing loads of paper to fill up and wait for days of transactions. Jump to: