Topic: Cryptocurrency - page 19. (Read 3520 times)
There is a big possibility on that coz cryptocurrency is ongoing to the whole world. Turning the world upside down at the present and in the coming days in years and more years to come. There is no percentage of doubt that it will achieve in the future if the growth and popularity of crypto increase and travel from one place to another. World wide acceptance of crypto is not hard for the people to embrace it coz they feel satisfied and comfortable than the way of fiat. I think it is more better than fiat if the people treat it as normal.
We do not a country to make it a legal tender. What we need is more crypto currency user.
Imagine if 50% of the worlds population use Bitcoin/Ethereum most likely retailers and wholesalers will accept Bitcoin/Ethereum. If stores accept crypto then other people will also accepts it until basically everyone will accepts it.
We do not need that big of adoption, look at the US dollar, the percentage that represents the US population is very small and yet the US dollar is accepted everywhere since the US is a very powerful country, as long as enough people adopt bitcoin and their economic power is big then we will begin to see bitcoin being accepted around the world. Imagine if 50% of the worlds population use Bitcoin/Ethereum most likely retailers and wholesalers will accept Bitcoin/Ethereum. If stores accept crypto then other people will also accepts it until basically everyone will accepts it.
The Venezuelan government issued the "oil coin", which became the world's first legal digital currency.
The republic of the Marshall islands (the island nation of the central Pacific) plans to issue its own crypto currency as a formal legal tender.
The republic of kazakhstan also said it wanted to enter the cryptocurrency market and launch its own legal digital currency.
These are the nations leading in the cryptocurrency rationalization in life. I believe that this is really the right decision of these countries. Taking advantage of the great advantages of cryptocurrency in financial and monetary management is a very precise thing that these countries are adopting. The cryptocurrency market will grow significantly in the next few years. The republic of the Marshall islands (the island nation of the central Pacific) plans to issue its own crypto currency as a formal legal tender.
The republic of kazakhstan also said it wanted to enter the cryptocurrency market and launch its own legal digital currency.
The Venezuelan government issued the "oil coin", which became the world's first legal digital currency.
The republic of the Marshall islands (the island nation of the central Pacific) plans to issue its own crypto currency as a formal legal tender.
The republic of kazakhstan also said it wanted to enter the cryptocurrency market and launch its own legal digital currency.
The republic of the Marshall islands (the island nation of the central Pacific) plans to issue its own crypto currency as a formal legal tender.
The republic of kazakhstan also said it wanted to enter the cryptocurrency market and launch its own legal digital currency.
We do not a country to make it a legal tender. What we need is more crypto currency user.
Imagine if 50% of the worlds population use Bitcoin/Ethereum most likely retailers and wholesalers will accept Bitcoin/Ethereum. If stores accept crypto then other people will also accepts it until basically everyone will accepts it.
Imagine if 50% of the worlds population use Bitcoin/Ethereum most likely retailers and wholesalers will accept Bitcoin/Ethereum. If stores accept crypto then other people will also accepts it until basically everyone will accepts it.
For that idea to be successfull we need each and every one of this world live on internet and now do you think that is gonna happen?
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
Bitcoin will never become a global legal tender, but do not get discouraged you can already use bitcoin all over the world despite that in many countries bitcoin is not even a currency, that is the great thing about bitcoin we do not need permission from anyone to use it so even if bitcoin never gets recognized as legal tender we can use it as such, what we really need is not permission by governments but adoption.Well one thing is we can never know if it can be used for worldwide exchange. You're right about the fact that it's already being used now in many ways but there may come a time, when all the regulations are laid out and most countries see the good in bitcoin, when it will overtake fiat as the main currency available. Again we'll never know
It's question confuse me. How cryptocurrency (digital) can be physical money?
A cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets. It's question confuse me. How cryptocurrency (digital) can be physical money?
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Its possible but it must be first accepted and legallized by the government worldwide for it to happen. Even though cryptos are already used in transactions, there are still some countries who do not use cryptos as a medium of exchange while some countries already banned its exchange and trading activities due to financial risk. But if the government will consider and embrace the blockchain technology and the other benefits that crypto can brought us, then i think it can be used worldwide, but will take a lot a time.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
To be legal it must be approved in all countries so in my opinion very difficult and almost impossible, we know for yourself that there are some countries that ban cryptocurrency and now many countries have not approved bitcoin or cryptocurrency in made legal payment. Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
the world must think how to make everything into paperless, and it can not be done instantly, it certainly takes a long stage and process. Whether it starts from the point, and finance, it is like that the world ahead. We are going into the age of digitalization. Very lucky if we can still live to see it happen, all transactions, work, and others are in the hand of the device that is currently called a smartphone and who knows what will appear in the future.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
It can be the mode of payment universally in the future but not now because the acceptance of cryptocurrency is not yet world wide. Some countries are more worried of it's volatility and stability, that's why they are hesitant in adapting to it.
For me crypto currencies has no potential to replace fiat due to some reason which is it has no stable value and it can be use to scam people in different ways. And in fact that is the specific reason also why there are some country that didn't want to regulate in crypto. So perhaps crypto currencies will stay as a transparent money in the future.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
I see that we are heading in that direction, cryptocurrency is having a very high popularity and now many places that accept payment via Bitcoin. In addition, there are already a lot of exchanges emerging in various countries and it is a positive value for developing Bitcoin and cryptocurrency. We are going into that era and I think we will have a good future and create a digitized currency, one of which is to apply Bitcoin as a universal currency so that it can be used by all people.Bitcoin is indeed the market leader today and it will be a great momentum to continue to increase the popularity of cryptocurrency.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
It would be possible if it is in digital world or digital transaction. Global currency in virtual world for bitcoin will happen. However, if it is in physical money, it would be impossible. It is also a matter of accepting bitcoin by the government so that they can develop applications or programs that could be an exchange golablly.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
I think it can be a global currency, however, treating it as a global tender would still take a lot of time, and at the moment, is too far-fetched. Cryptocurrencies have not even penetrated the deeply in the trade, investment and currency exchange market for it to have such capacity to be considered as a global money. I think, it is more possible to reach a point when it can interplay with many of the currencies and be accepted as a legitimate currency rather than that to happen.
My opinion is cryptocurrencies will become one of the main means of exchange in 2 decades, but it takes very long to absolutely replace fiat currencies. Because there are still lots of problems remained like the unsufficient circulation and volatile value. Another reasons is striking the balance between using of government currencies and cryptocurrencies will be difficult as the digital currencies are taking place of fiat currencies but most of existing financial system is based on the latter.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
I see that we are heading in that direction, cryptocurrency is having a very high popularity and now many places that accept payment via Bitcoin. In addition, there are already a lot of exchanges emerging in various countries and it is a positive value for developing Bitcoin and cryptocurrency. We are going into that era and I think we will have a good future and create a digitized currency, one of which is to apply Bitcoin as a universal currency so that it can be used by all people.Bitcoin is indeed the market leader today and it will be a great momentum to continue to increase the popularity of cryptocurrency.
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