Cryptocurrency - page 10. | Bitcointalksearch.org

supine

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Quote from: Tosin12 on February 24, 2018, 06:40:35 PM

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

As you can see, cryptocurrency is accepted only in some countries, some countries are even skeptical and even banned it. However, it can be used as a legal tender in countries that accept crypto, since in some country you can use it to buy thongs or pay for services.

KrisAlex18

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Quote from: Tosin12 on February 24, 2018, 06:40:35 PM

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

That is possible but not for now considering the fact that not all the countries in the world approves the use of it. Maybe we can hope for the best for crypto in the future and see things happen if we will keep on supporting crypto. Let us first cherish the fact that we can use crypto while others have no idea about it yet.

isidrorex

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Quote from: Tosin12 on February 24, 2018, 06:40:35 PM

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

I know it is exciting to see the future of Cryptocurrency but for now, let's just enjoy it they way it is. It is still a long way to go for Cryptocurrency but I am happy that I have been educated and invested in Crypto because it is really an opening for many opportunities to be successful and it is really profitable in many ways.

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Unleash the Power of the World's Crypto Data

In other country it is a legal currency that can be traded in a local currency that's why it can be a good one to be use in all kinds of payments just like what other country do even here in my country there are people who's using bitcoin as their payments in their transactions online just like an online business.

roxbit

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Quote from: pendekar cinta on July 28, 2018, 08:41:53 AM

I think it still takes a relatively long time for bitcoin be used as a universal payment tool because the government tends to worry when the population continues to rely on bitcoin as a medium of exchange and causes the local currency to disappear later.

For me cryptocurrency is very reliable because there is no other electronic cash system in which your account isn’t owned by someone else. Take PayPal, for example: if the company decides for some reason that your account has been misused, it has the power to freeze all of the assets held in the account, without consulting you. It is then up to you to jump through whatever hoops are necessary to get it cleared, so that you can access your funds. With cryptocurrency, you own the private key and the corresponding public key that makes up your cryptpcurrency address. No one can take that away from you unless you lose it yourself.

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Have you ever invested in crypto? Cryptocurrency is built using mathematical cryptography and the most advanced computer engineering principles, making its structure unbreakable.

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Quote from: Tosin12 on February 24, 2018, 06:40:35 PM

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

I believe not. It would be silly if people started using bitcoin as a means of payments for products or utilities. As a means of mutual settlements for the supply of gold or oil, Yes is possible. This option is possible. In General, I think bitcoin is an asset rather than a currency.

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Quote from: Tosin12 on February 24, 2018, 06:40:35 PM

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

Yes t can be a legal tender globally but in a digital term of businesses. Right now, we can purchase goods through cryptocurrency so it only means that it would be adoptable in the future for global use.

repzaj

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cryptocurrency is the new trend of the world of economy.

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Quote from: Tosin12 on February 24, 2018, 06:40:35 PM

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

I think we have to wait, because it will be a long run for cryptocurrencies to replace fiat money in future.I will strictly recommend you to start learning and reading about the Blockchain and Cryptocurrencies and become a part of this revolution.

Masongrae

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Quote from: Tosin12 on February 24, 2018, 06:40:35 PM

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

Not today but i believe in the years to come it will be as technology improves it will happen. As crypto is beng introduced to many it will happen. As of now some may disagree but it will happen.

pendekar cinta

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I think it still takes a relatively long time for bitcoin be used as a universal payment tool because the government tends to worry when the population continues to rely on bitcoin as a medium of exchange and causes the local currency to disappear later.

cjmalicious

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Quote from: Tosin12 on February 24, 2018, 06:40:35 PM

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

There is no issue for that to happen except if and until the point that it gets the legitimate delicate in each nation first. That is the principal testing stuff I figure which we have to outperform and after that we can consider the worldwide legitimate delicate.

Bitcoin, is still nerve destroying for some nations and the legislature alongside the saving money establishments are despondent that it even exist. It is taking without end the venture that ought to go into the banks, golds, stock trades and so on and consequently making the budgetary dependability hypothetically flimsy!

The issue? The issue is with various nations and distinctive directions that they play inside their own nation. For worldwide summit to happen it is extremely vital that every one of the nations will go to a similar page and afterward choose a definitive destiny for it.

darewaller

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Quote from: Tosin12 on February 24, 2018, 06:40:35 PM

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

We shouldn’t see Bitcoin as the same as real currencies we are using just like dollars, euros and pounds. When I look at Bitcoin I see it as the same as PayPal and all those related sort of things. And of course Bitcoin can be used as a means of making payment online, but since not all countries are accepting it, it can only be used at places where its accepted.

But if it’s not accepted in your country I believe that you can still find ways to use it in making transaction and also withdrawing to your bank. Since government can only prevent you from withdrawing from an exchange, you can do straight business with someone.

uchechiboy

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For me i think that in the next year, there will be more country that will accept and support the cryptocurrency, so that the cryptocurrency will become legal.

Hugo_01

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Hard to discuss the topics, since only people on Bitcointalk forum can participate, we already believe in crypto, know about it and have been educationg ourselves on it.

spongegar

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Well technically it is a global tender now. But the fact of the matter is will everyone use it? My take? I don't think so. Not everyone has heard of crypto currency even bitcoin. Others may have heard of it but doesn't understand it. Only a handful of people per country understands crypto currency to a point that they could use it. So i think educating everyone on what crypto currency is and the benefits of it is the firt step.

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Quote from: developer101dev on July 25, 2018, 05:52:05 AM

Quote from: Tosin12 on February 24, 2018, 06:40:35 PM

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

In my own opinion, there is a possibility that cryptocurrency will be universal if most of the government in other countries will allow their own people to use bitcoins on their daily life.

I think the same as you but we need to wait until all the country can accept cryptocurrency so cryptocurrency can be universal and every people can use cryptocurrency in their life and can collaborate with fiat. but before we can see this, we'd better collect many coins as our investment so in the future, when the time comes, we can use cryptocurrency in our daily life. I think maybe in the next year, there will more country that will support and accept cryptocurrency so it will make cryptocurrency become legal.

Michaelpascual

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Cryptocurrency?
I think cryptocurrency is the thought of as digital currency that uses cryptography. So the cryptocurrency is secured and it makes easier to transfer funds betweek two parties i a transaction.

developer101dev

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Quote from: Tosin12 on February 24, 2018, 06:40:35 PM

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

In my own opinion, there is a possibility that cryptocurrency will be universal if most of the government in other countries will allow their own people to use bitcoins on their daily life.

Topic: Cryptocurrency - page 10. (Read 3520 times)