Topic: Cryptocurrency - page 3. (Read 3520 times)
there are many problems that will prevent cryptocurrency from becoming universal money, because there are several countries that still prohibit cryptocurrency transactions
I probably say its yes because in the modern way of living digital gadgets like cellphone and others are useful to us now and everyday we carry it so it means if we use digital money like cryptocurrency it is easy to buy something and pay because of crypto so it means that crypto will use as physical money someday.
Cryptocurrency is continuously growing in the community and that is the reason why bitcoins do really have a bright future so we should invest today while the market prices are still cheap.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
yes in my opinion bitcoin can be a global payment instrument like physical money but it won't happen this year, it takes a long time for bitcoin to become a global currency. at this time we need more votes from the community to support bitcoin to become a world currency and after that all governments around the world will make enormous changes.
no ... we need fiat to transact, I prefer crypto called digital assets like gold. because in my own country crypto is not allowed for payment devices
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
No , I don't think Cryptocurrency can become universal like physical money because cryptocurrency is a decentralized platform, governments can not control it. It's hard to become universal like physical money
It seems that it will never be able to because for now bitcoin is a digital currency and few know about bitcoin even in some countries the distribution of bitcoin is not given permission so it makes bitcoin very difficult to do that.
In my own view of point 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.
The number of cryptocurrencies on the market are now outrageous and i find it very difficult to remodify myself with the coins and get the most trusted cryptocurrency to invest into.
I probably say its yes because in the modern way of living digital gadgets like cellphone and others are useful to us now and everyday we carry it so it means if we use digital money like cryptocurrency it is easy to buy something and pay because of crypto so it means that crypto will use as physical money someday.
what is clear, with the modern era as it is today, everything is practical. and i think cryptocurrency is a new breakthrough for transactions, although currently it is still a fiat currency facility, but i am sure that in the future it will be widely used
I probably say its yes because in the modern way of living digital gadgets like cellphone and others are useful to us now and everyday we carry it so it means if we use digital money like cryptocurrency it is easy to buy something and pay because of crypto so it means that crypto will use as physical money someday.
That could happen if there was a genuine referendum. Real investors will have a common interest in the crypto market.
I think it would be hard for what you say become true. This depends heavily on whether the government has acepted cryptocurrency as a means of payment. Currently, there are not many countries that accept cryptocurrency because it is difficult to control the activities related to it with the curent technical. However I hope in the future the thing you mention will become a reality.
Electronic money in the United States is protected by the Constitution as a kind of asset, but in another country it has not been accepted as a currency and is facing a major challenge from governments and businesses. China has vowed to ban its investment in ICO and India, which banned the use of Bitcoin as a payment method. Now, people view the electronic money as a unique digital, can not copy, can not be forged.
A crypto is a complex encryption system or cryptographic protocol used to transfer confidential data to preserve the value of exchange units. Each year there are several cryptos created to meet the investment needs
But Bitcoin is already a universal money, and a global tender. You can buy and sell openly using crypto as a currency. You can do so freely in most of the EU countries.
Cryptocurrency can become a universal means of exchange because almost all countries are declaring it legal and people are using it with great ease.
criptoccurency technology is growing rapidly but to master the world economy is still in need of more in-depth research
it could happen if there are many cryptocurrency users
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
It can, but to some extend.
You can not use bitcoin to do a lot of things like cash do since controlling tax through cash and credits is easier than controlling tax through bitcoin. Unless some countries decide to have their own crypto inside their countries.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
In my opinion, it is impossible to happen. It is because cryto market is unstable but it could give transparent transactions due to blockchain technology that could help people for easier and faster transactions. Jump to: