Topic: Cryptocurrency - page 4. (Read 3524 times)
In a concise clarification, cryptographic money is worked as an efficient virtual computerized cash which implies that it could be just process through the nearness of a particular gadgets or machines. It wasn't be changed over by physical or fiat cash since it's not sturdy or untouchable. It might consider as a worldwide delicate when base on a virtual exchange, which means it's by a PC program
I'm not really sure if it can become a one and only global currency, but it sure already is just one of the currencies that the whole world is gonna be using.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
impossible, bitcoin and other cryptocurrency will never dominate let alone replace the Fiat currency which has long been believed as a medium of exchange.
Nothing is impossible the possibility is always there. When it is felt cryptocurrency is more reliable, flexible, effective and does not take up a lot of resources, then in the near future it could happen.
I don’t think cryptocurrency will replace once countries government currency but they probably will eventually be used as an alternative form of payment . In the recent time, the acceptability of Crypto increase. A lot of international marketplace approve various types of cryptocurrency like BTC, ETH. Instead of these, some country banned it. 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.
I think that depends on people using cryptocurrency, if many accept cryptocurrency as a medium of exchange, cryptocurrency will become global currency, and if many use them for investment, cryptocurrency will be valuable assets.
I think all countries reject it. each country has a legitimate currency and has been used to transact and it is very difficult for Cryptocurrency to become a medium of exchange because it is not as convenient and practical as cash. For example, when you go to the food street or travel to developing countries, then cryptocurrency may not be reasonable to use.
Cryptocurrency now is very popular , indeed some of the establishment are now adopting cryptos, some of the countries are now accepting and even making it legit to use in their country, but some are not accepting it, cryptocurrency is digital kind of currency which was develop for anonimity of the owner of that cryptos .
I think maybe the crypto currency will remain as transparent money in the future. Because I think the crypto currency does not have the potential to replace fiat for a number of reasons which have no stable value and can be used to deceive people in different ways. And actually that is a special reason why there are some countries that don't want to regulate in crypto.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
I think it's quite difficult and takes a long time. because we are now familiar with global money, namely the dollar and all countries in the world can accept it. While cryptocurrency has many rejections, only a few countries can accept bitcoin as a payment instrument. and all countries in the world already have national currencies so I think this is difficult. but there is still a possibility because we live in a digital era where all the necessities of life can be purchased online so that paying with digital money is not impossible. we just wait.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
for the future I think this can happen with the support of the community or government that moves the crypo world to become more popular in the real world. maybe the government will change the style of crypto if crypto is connected to the real world Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
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. Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
No, I believe that physical cryptogenic generally not possible. I am sure that cryptocurrencies will completely replace non-cash payments and the Fiat system will be earthly in the form of cash.
when I heard the kryotocurrency I remember the first time was bitcoin
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
I do not understand what you mean. Crypto currency and so already is practically a global payment network, which covers the entire planet. In any case, for people this is so. As for the states as a whole, they are unlikely to support and widely use the decentralized crypto currency. This is not even worth hoping for.
No one can demand or force you to use cryptocurrency, you can use cryptocurrency to buy flight solders, jewelry, applications, computer parts and even a college degree. Some schools accept tuition fees in bitcoin
Well, I've seen news that Germany accepted Bitcoin as a legal tender and even excepted it from taxes. I'd think it will take take for the whole world to recognize crypto currency as a legal tender but then again, it will only take time. Once that happens we'll say goodbye to old fiat. I jut hope i see it in this lifetime.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
There are possibilities but different countries would have different views about it leading to a decrease in chance of having crypto as our universal currency. Since it is decentralize, it will totally cause some problems since no one is controlling it. Another thing is the volatility of its value which may confuse people for sure. bitcoin is universal because it can be used throughout the world and also now bitcoin is the most expensive currency in the world.
Yes, the majority of the exchanges deal with Bitcoin - you can always get fiat for BTC and buy whatever you want. However, it is still difficult to buy many products and things for crypto.
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 crypto created to meet the investment needs. of investors
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
This is a very complex and controversial issue. Many people can begin to argue that uniquely crypto currency can replace fiat money, but I would say that the technology of blockade is wonderful, but the crypto currency is more suitable for speculators. And we must wait nearly 5-10 years to understand power of crypto except fiat. Jump to: