As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...
Yeah that's true. The is world is moving into a digital currency as those in the advance countries have already using it on their daily transactions. If your asking for the mass adoptions of crypto then this will takes time as not all countries had the same acceptance of cryptocurrency. Some governments had issues on the adoption of crypto due to being a decentralized currency that the government can't control on the flow of the currency and it's volatility. 
Topic: Digital Currency Take Over (Read 3050 times)
in my opinion it takes a long time to be able to change using digital currency transactions, maybe it's better to use both, because not all state governments agree to use cryptocurrency.
You are right, for a total takeover, I see that as a “mission impossible”. All I expect is that the two forms of currencies be used together in the system. It should take the user to decide which form of currency to use at what time. 
in my opinion it takes a long time to be able to change using digital currency transactions, maybe it's better to use both, because not all state governments agree to use cryptocurrency.
The advent of blockchain technology is not only shaping the online payment being an alternate to fiat but it is also touching and changing people's lives. But despite all that, i don't really think it's that just easy to replace fiat currency by using cryptos. The reason is just simple because you can't use cryptocurrency to buy what you want when you are offline.
Bitcoin has only spent ten years and there is still a long way to go. By my assessment, it has not done badly in terms of adoption during this period of time. Mass adoption by merchants is the way to ring the bell of takeover and make more countries to embrace cryptocurrency. It is a gradual process.
I am not sure whether anyone can guess when digital currencies will take over. Money has evolved greatly over several years and it already looks certain that digital currency is the replacement for the fiat currencies we currently have.
It is impossible for cryptocurrency to replace the Fiat currency because cryptocurrency is in the early stages where most of the people don't have any belief in them. It needs to build a lot of trust in a real-time environment, so we need to wait for further adoption because we will see very good projects in the coming years.
I think digitisation is already here and it has come to stay. Gradually but surely, the world is moving to a permanent place where even the most mundane things have to be digitized to have any form of relevance. And the factors that will determine which projects or products will last through are mostly use cases, actual problem solving and relevance. Bitcoin has that, it is widespread, though some countries are still skeptical when it comes to full scale adoption. They want to understand what they're getting themselves into before taking the plunge and that is perfectly acceptable. Some alts too look like they'll survive the digital age; TAP, MFX, XRP, with quite a few relevant use cases under their belt. Hopefully when adoption sweeps through the world, every country will be a part of it because it will be sad to see some left out.
Apparently even some well know University Endowments like Harvard and Stanford invested in Crypto!
https://coincodex.com/article/2474/harvard-and-stanford-endowments-have-invested-in-crypto-funds-according-to-report/
It means that the world is going towards cryptocurrency and they realized that cryptocurrency is important and will be the mainstream in the future. These universities also know that in the future only cryptocurrency will be applicable and others will be eliminated from the market. Time to invest more and more money in cryptocurrency.https://coincodex.com/article/2474/harvard-and-stanford-endowments-have-invested-in-crypto-funds-according-to-report/
Digital currency is presently achievement despite the fact that there have a few nations that haven't tolerated this. As a matter of fact, they are not fouling up it is their choice and without a doubt, there is enough motivation behind why they do it. They will acknowledge it I think about when the time comes.
Apparently even some well know University Endowments like Harvard and Stanford invested in Crypto!
https://coincodex.com/article/2474/harvard-and-stanford-endowments-have-invested-in-crypto-funds-according-to-report/
It means that the world is going towards cryptocurrency and they realized that cryptocurrency is important and will be the mainstream in the future. These universities also know that in the future only cryptocurrency will be applicable and others will be eliminated from the market. Time to invest more and more money in cryptocurrency. https://coincodex.com/article/2474/harvard-and-stanford-endowments-have-invested-in-crypto-funds-according-to-report/
As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...
Every Bitcoin (Cryptocurrency) holders would like to see this. In my opinion, the first convenience will be there no frustration to exchange the money which you need in any country if you have crypto. Mainly it will be a great thing that "One World, One Money".
That is far from being fully implemented or we can see a cashless society because so far, there have been drawbacks that people are complaining about using bitcoin and cryptocurrencies that is why some are very reluctant to try crypto and stayed in fiat.
Apparently even some well know University Endowments like Harvard and Stanford invested in Crypto!
https://coincodex.com/article/2474/harvard-and-stanford-endowments-have-invested-in-crypto-funds-according-to-report/
https://coincodex.com/article/2474/harvard-and-stanford-endowments-have-invested-in-crypto-funds-according-to-report/
As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...
Every Bitcoin (Cryptocurrency) holders would like to see this. In my opinion, the first convenience will be there no frustration to exchange the money which you need in any country if you have crypto. Mainly it will be a great thing that "One World, One Money". 
I am not sure whether anyone can guess when digital currencies will take over. Money has evolved greatly over several years and it already looks certain that digital currency is the replacement for the fiat currencies we currently have.
Digital currencies have become famous and they have their own names and symbols as a sign of existance. news of the crypto range is spreading and becoming viral, so many big companies in the world use crypto and blockchain in their daily lives. does this deceive you? time will prove that crypto will continue to exist and develop
yes, of course this digital currency will take over in the future, but I'm sure there are still many people who use fiat, but the volume may not be as large as using digital currency because by using digital currency you can get a lot of profit and security it is very guaranteed and money transfers are also very fast and will not make you take too long to carry out transactions over long distances.
As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...
I think those government who not accepting BTC are in wrong site yet. Has they stop to use BTC from his inhabitants ?? i think no. People are doing their trading and using in different way though it looks illegal to government. In this technology world no body can not control anybody that he want to do. I think it would be better if government accept it and make some rules and regulations and people will easily accept it and will do their business legally. In this way both will be gainer.
As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...
I’m a little bit confused when people say something about digitalization… like what do you mean? Fiat is already in both physical form (paper currency) and in digital form(e.g. Online banking), so what other form of digitalization are you talking about? Digital forms are just a way to make the transaction of money to be easier. Take for example the bank apps we have these days, there is no need to be carrying money around cause you can make transactions right from your phone. As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...
In my own opinion, man you’re totally confused. We don’t even need Bitcoin as a currency and we don’t need everything to be DIGITALIZED, cause they are very much okay as they are – physical (paper money) and digital (apps that can be used to send and receive money like PayPal). I think bitcoin or any cryptocurrency can be just a matter of choice, you can only use it when you want to.Jump to: