Topic: Crypto Become Universal Money? - page 5. (Read 697 times)
If any country at the moment accepts on an equal footing with national money, then with such price jumps, it may lose the country) .. I'll buy myself a piece of some country.
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)
It is possible that someday all country accept Crypto Currency and it will become Universal Money?
It's possible, but there will be strict restrictions and regulations that are going to be imposed by governments.
And there are countries now that have their own crypto, called CBCD (Central Bank Digital Currency), so that alone indicates that we may be heading on that direction.
But to truly become universal like bitcoin BTC, I don't think that governments are going to allow it though. But I'm happy to what we are witnessing today, as crypto is really growing and you can call it adoption already. I'm not going far stretch for crypto to be a single monetary unit like USD or Yen Or UE.
I think it's possible to happen, right now there are so many people in different counties are already using cryptocurrency because it is convenient to use and also hassle free to transact. Specially today that we are in the face of pandemic it really matters that we don't have to go outside our houses to make transactions like paying our bills. Because of it's decentralization anyone can use it without any regulations to be followed.
It is possible that someday all country accept Crypto Currency and it will become Universal Money?
Yes. Just like US dollars as the basis of most countries, the world can live with bitcoin as the universal money as long as they won't declare it illegal. And there is monetary value for bitcoin so they can actually treat it as a money and can't ignore it. It can happen but we don't know until when it's going to be the actual time that it's going to be used by most countries. But even without the validation of government, just like now, it's already being used by individuals in every parts of the world.
It is possible that someday all country accept Crypto Currency and it will become Universal Money?
Crypto is already a truly universal money because it is being bought, sold, exchanged and transferred from and to any country in the world without any restrictions and in a hassle free way which other real world currency can do it for you.So the fact is that crypto is already global and it is just the local regulators and authorities in some countries that declared it illegal but then again still they cannot stop it and sooner or later all these people are also going to accept it, it is just a matter of awareness and policy.
At the moment there are many countries hesitating to accept cryptocurrencies due to its meaning of alternative to cash or their own currency. Sooner or later they will accept it but maybe with some regulations behind it. At the moment I see only Bitcoin which has the potential to become universal currency if accepted by all countries.
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.
It is possible that someday all country accept Crypto Currency and it will become Universal Money?
Jump to: