Topic: Cryptocurrency - page 16. (Read 3520 times)
I think in the near future this will not happen. Money is controlled by the state. A crypto currency is very difficult to control. Just one currency can not be for all countries in the world.
In my opinion, electronic money is a kind of engine of progress and in the future can compete with a paper analogue and become a universal payment tool that allows you to make any financial transactions.
Maybe it can be but before it happen a lot of rules will be proven specially the government whose the number one that against bitcoin. We never tell when will that happen but one thing for sure crypto is a big help for everyone.
I don't think that cryptocurrency can be a legal tender. It can be a alternate currency that people could use to buy things online.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
Nope. It does not have that kind of characteristic which it should have if it has to be global legal tender. Plus being decentralised it breaks all the rules of government and regulatory bodies by not working within single perimeter. It works over public ledger so its difficult to regulate it. If you try to regulate it then it can no longer be the same as you see it today. In addition to this if you see the prices then they are always fluctuating one and there is no way to stabilise them and thus its almost impossible to use it for daily life and may not be accepted as it is for global use.
I think in the future surely electronic money will be used as the primary payment method and gradually replacing cash. However, at the present time it is not accepted by many governments and appears to be using it illegally. Besides, it is quite used for payment, it is used to trade and buy more
I think if Bitcoin pass the legal tender and get a great value in the market with a huge capitalization than there are so many chances for other cryptocurrencies that they will get the legalization and give you a well reputation if it will become legal.
Yes it could be if it would be put into good use and if it still succeed in the many years to come. Eventually it can be a universal means of exchange and of course would be used as a means of payment through the digital world. And we all know people mostly rely now on the internet, even prefer to do online jobs than really getting a real work job in an office.
Precisely that is the main purpose of cryptocurrency that is as a means of payment every transaction that exists in this world. So I think it could be if cryptocurrency becomes a universal exchange tool in the future.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
yes it is true that bitcoin is currently used as a medium of exchange as some market markets and coffee shops already accept payments using bitcoin, but the government has not yet certified that this bitcoin is officially converted into exchange rates and only a small percentage of countries allow bitcoin as a value exchange. 
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
Yes,Bitcoin can be global currency in future sooner or later.Currently Bitcoin in many countries considered as illegal tender but one day government will realize that Bitcoin is need of current era and according to need of common people Bitcoin will legal and will be massively used overall the globe.
There are many coin in crypto world but Bitcoin have potential to meet the needs of world and overcome the fiat money.
Of course, this is possible, since the crypto-currency can fulfill all the tasks that are currently performed by fiat money. But the crypto currency is much more adaptive and has no limits to its application.
It would as you can see in any aspects crypto currency are spreading worldwide many people use it as a main transaction therefore it could be use after several years because many people interested and want it as a main money can use.
I don't think it's possible. We have normal currency and it will stay with us. Cryptocurrency is a "digital" money and it will be always.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
Yes it might be happen but in some cases other countries do not offer a Cryptocurrencies or some are banned due to lacks of support or they are not trust Cryptocurrencies as basis for transaction. As an advice, it is better to stay safe in the country that are legally offer a Cryptocurrencies for you to have a good investment and far from penalties.
It takes time before it will happen for there are more important issues than crypto. As a matter of fact there are rumours that bitcoin should be the major exchange of everyone transactions all over the world. Let us see for another time of crypto maybe we can see this things sooner if the improvement will become massive and accepted worldwide.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
Yes, it can happen if all countries support the existence of Bitcoin so many business developers use Bitcoin as its transaction tool, because as we know if the life of a country's population is set by the country itself. Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
Yes it might be happen but in some cases other countries do not offer a Cryptocurrencies or some are banned due to lacks of support or they are not trust Cryptocurrencies as basis for transaction. As an advice, it is better to stay safe in the country that are legally offer a Cryptocurrencies for you to have a good investment and far from penalties.
Nowadays cryptocurrencies are being used only for investment and fund raising purposes but i am sure that they are going to be an alternative to cash money soon. There will be a total of three options for shopping payments. cash, creditcards, cryptomoney...
That's true, This technology of paying using digital money it developed too much in the last few years, There is a lot of people use cryptocurrencies today for different purpose, one of them, is an investment. I think there is a high percent of people who use cryptocurrencies for investment, because they feel that bitcoin price will increase too much in the future, so they take the opportunity to buy more when bitcoin price drop.
It cant be because it is not a solid matter like fiats nor we can see it, so how can it be global issue?
Jump to: