Topic: Cryptocurrency - page 23. (Read 3520 times)
I dont think so , cause now there are some people who do not know how to process it and for the people who are lack of knowledge about it so i dont think it will happen.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
There is no problem for that to happen unless and until it gets the legal tender in every country first! Lolz! Thats the first challenging stuff I guess which we need to surpass and then we can think about the global legal tender.
Bitcoin, is still nerve wrecking for many countries and the government along with the banking institutes are unhappy that it even exist. It is taking away the investment that should be going into the banks, golds, stock exchanges etc and thus making the financial stability theoretically unstable!
The problem? The problem is with different countries and different regulations that they play within their own country. For global summit to happen it is really necessary that all the countries will come to the same page and then decide the ultimate fate for it.
How can it be?
Why would any country accept a totally global digital currency as legal tender in their country?
A currency with open source coding and not controlled by anyone,
A currency which can be forked by anyone at any time.
The answer my friend is no.
Why would any country accept a totally global digital currency as legal tender in their country?
A currency with open source coding and not controlled by anyone,
A currency which can be forked by anyone at any time.
The answer my friend is no.
Why couldn't it be? People don't need a country's permission to use cryptocurrency. If people worldwide accept Bitcoin as a means of value transfer, then it could very well become the world currency. Perhaps even the UN might legalize it even if individual nations see it as a threat.
In a brief explanation, cryptocurrency is built as a systematic virtual digital currency which means that it could be only process thru the presence of a specific devices or machines. It wasn't be converted by physical or fiat money because it's not durable or untouchable. It may consider as a global tender when base on a virtual transaction, meaning it's by a computer program
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
It could be, it just needs a process that is not easy.At this time alone crypto has been banned in some countries, whatever the government wants. In fact, crypto can help countries in trouble.
This requires regulation from around the world if it wants crypto to be a legitimate means of exchange.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
Yes, it could be and it is possible to happen. As of todays generation bitcoin cryptocurrencies is legalize and well known all over the world. In that case it could be universal and a meduim of exchange. We are very glad to meet bitcoin world because the cryptocurrency has a biggest value and it could also be converted into real money eventhough it is virtual money.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
I don’t think that decentralized cryptocurrencies will replace government currency but they probably will eventually be used as an alternative form of payment to credit cards and PayPal. I also think cryptocurrencies will have other functions like store of value or specific functions like internet of things or data storage or various other uses that these altcoins are being created for.
Digital Money or Cryptocurrency has value for being as valuable as money. Cryptocurrency has the properties of money that is durable, concise, exchangeable, rare, can be shared, and can be recognized based on mathematical formulas rather than based on physical form such as gold and silver or confidence in the center such as paper currency.
Crypto currency is better than currency, but that does not mean Crypto currency can replace the old currency. that bitcoin technology is a technology that can "make money move between countries easier and get costs down dramatic considerable.
Experts agree that bitcoin will not be dominant, because bitcoins are unstable to become a reliable currency. But there are also countries that have started shifting cash and developing bitcoin.
Crypto currency is better than currency, but that does not mean Crypto currency can replace the old currency. that bitcoin technology is a technology that can "make money move between countries easier and get costs down dramatic considerable.
Experts agree that bitcoin will not be dominant, because bitcoins are unstable to become a reliable currency. But there are also countries that have started shifting cash and developing bitcoin.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
I don’t think that decentralized cryptocurrencies will replace government currency but they probably will eventually be used as an alternative form of payment to credit cards and PayPal. I also think cryptocurrencies will have other functions like store of value or specific functions like internet of things or data storage or various other uses that these altcoins are being created for.
In the future, people will have opportunity to harvest what crypto has done today. Just like tractor in the past, people were saying if all farms will be cultivated using tractors then what will people do? hahaha. Now... We even need more tractors and we all still have to do a lot of tasks.
it would take time i guess, it needs a solid system that can protect from misconduct behaviour, but if we see currency in exchange system is actually based on trust between two parties, cryptocurrencies could be the future "money", because trust in fiat money is decided by one party, the bank, but in crypto a lot of "people" decide wether your account is legit or not, and i think that would be the main concept in the future.
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Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
Cryptocurriencies It is the electronic currency that we can use for everything cashless we can use for the mode of payment sending receiving and everything
Cryptoncurrency is the new trend of economic of the world.
How can it be?
Why would any country accept a totally global digital currency as legal tender in their country?
A currency with open source coding and not controlled by anyone,
A currency which can be forked by anyone at any time.
The answer my friend is no.
Why would any country accept a totally global digital currency as legal tender in their country?
A currency with open source coding and not controlled by anyone,
A currency which can be forked by anyone at any time.
The answer my friend is no.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
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