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Topic: Does Bitcoin affect world trade? - page 4. (Read 1182 times)

full member
Activity: 364
Merit: 100
August 26, 2018, 11:13:18 PM
Bitcoin is mostly now using for trade purpose and the users of bitcoin are increasing day by day and if now bitcoin is here it is the blockchain technology which is rapidly expanding crypto network and most of stock market investors are shifted into crypto market so that you will get in touch for bright future now the crypto is a good way to secure your money.
member
Activity: 420
Merit: 14
August 26, 2018, 10:05:05 PM
I'd think it will affect the economy in such a way that it will generate wealth for people who invested in it and it will be able to pump it in their economy by exchanging it for goods and services. But once crypto currency is adopted as a currency it will stream line payments faster and easier across the world.
member
Activity: 280
Merit: 10
August 26, 2018, 10:00:23 PM
In fact, there are not bitcoin trading between two countries yet, it simple because BTC is having different systems and the way work that current financial economic system.
at this moment the transaction/trade are conducted by cryptocurrency exchanges of different origin countries. the role is simple because of decentralized create policy are less-and practice. can be disrupted because of recorded to the immutable ledger and so on.
newbie
Activity: 140
Merit: 0
August 26, 2018, 06:10:52 PM
This will depend upon the situation of trades ,it may sometimes affect ,and sometimes it will not , because trading will depends upon the time ,the amount of that transactions whenever, whereever the transactions will be done, because there are also reasons to come up with this situations , so this is business it will go up and goes downs it depends.
sr. member
Activity: 951
Merit: 250
August 26, 2018, 05:52:46 PM
Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?
It is unlikely that countries are going to use bitcoin to settle trades among them, that will basically be an endorsement to bitcoin and in a way they will be recognizing as well that they do not trust each other with their currencies and they prefer to choose a decentralized currency instead, so I really think that we are not going to see such a thing in our lifetimes.

Their are some reason that bitcoin affects the world trade and others are not. We need to lend a hand to help each other so that it will be generating a good news at all. The currency asct as money or fiat though it could be as also way of transactions.
jr. member
Activity: 206
Merit: 2
August 26, 2018, 05:28:05 PM
Yes. The question is quite straightforward with market capitalisation of over 210 billion USD, definitely bitcoin is relevant to world trade. Alot of big companies are already accepting it as medium of payment, so yes, Bitcoin influences world trade.
sr. member
Activity: 1624
Merit: 250
August 26, 2018, 05:25:19 PM
Even now Bitcoin is affecting the economy. This effect is very small now, but when the price goes up we will see it grow. In the future we can see that it is used for trading among countries. In my opinion, this trade will not be with BTC or any other altcoins, the states will do it with their own digital money.
member
Activity: 392
Merit: 10
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August 26, 2018, 04:59:24 PM
I think the process will be more convenient maybe because we no longer need to use our money to transfer. And we can also exchange some bitcoins into money which is much easier for now.
Of course it affects the world economy. And what you're doing is part of that development. Convenient for transaction anywhere. What people want.
hero member
Activity: 2828
Merit: 518
August 26, 2018, 04:51:53 PM
Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?
I have not heard this and I think that with bitcoin it will definitely not be. We heard that Ripple want to implement interstate payments. Perhaps they will succeed, because behind this coin there are banks.
Of course, crypto will affect World Trade but we cant feel it cause it is just a little percent we've been contributed into it. And still a lot of people engage on local stock exchange than of crypto.
full member
Activity: 201
Merit: 100
August 26, 2018, 04:30:38 PM
Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?
First thiings first, upon entering into this kind of industry we are into, we are all aware that this type if currency was already widely used by many people belonging in different countries worldwide so that possibility for two countries to do have trading in between them was already possible at the very first place because even blockchain was not yet formally being introduce, we people have already making such tradings not just in terms of money but also with products for the sake of fulfilling the needs of our economy so I bet, the possibility was already wide open ever since.
member
Activity: 224
Merit: 10
August 26, 2018, 04:23:27 PM
Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?

Little by little it might give effect to world trade. Because every day bitcoin is always trading and will have an impact for the future. I hope that will produce positive results.
alp
full member
Activity: 284
Merit: 101
August 26, 2018, 04:20:04 PM
Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?
No unfortunately or fortunately I have not heard of such an opportunity or service. As far as I know, bitcoin is not used by banks. Perhaps other banks will implement this, but for now.....
full member
Activity: 434
Merit: 108
August 26, 2018, 03:27:58 PM
Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?
I have not heard this and I think that with bitcoin it will definitely not be. We heard that Ripple want to implement interstate payments. Perhaps they will succeed, because behind this coin there are banks.
sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
August 26, 2018, 02:22:15 PM
I think the process will be more convenient maybe because we no longer need to use our money to transfer. And we can also exchange some bitcoins into money which is much easier for now.
This can help businessman or even ordinary people to trade around the world easily. If the government support this for sure it can affect the world tradet because people are love using this technology but we are experiencing a negative support from our own government so hopefully we can have a clear situation about this one.
full member
Activity: 350
Merit: 100
August 26, 2018, 01:56:28 PM
I think bitcoin (or its variant) that would have a very important role to play in international trade, once we are past this friend or foe phase with governments, financial institution and regulators that we are going through.When economists, bankers and the regulators can agree on the importance of a worldwide cryptocurrency like Bitcoin - trade will change.
Bitcoin was forged in the fires of economic uncertainty, It was created in direct response to the shortcomings of the traditional financial system. It makes sense then that any event that highlights the potential vulnerabilities of a national currency also tends to magnify the strengths of a borderless currency such as bitcoin.
sr. member
Activity: 994
Merit: 257
August 26, 2018, 11:17:18 AM
it certainly affects world trade even the economy is also affected by bitcoin
No not yet, bitcoin is without a doubt starting to being noticed by the world and they are understanding that it will become a force to be reckoned in the next decades but it is still too young to affect the market as much as people think, but do not worry that time will come, just make sure to have enough money invested in bitcoin when that time comes.
hero member
Activity: 884
Merit: 500
August 25, 2018, 12:37:20 AM
Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?
Maybe one day bitcoin will be able to trade in every countries. But right now isn’t a very good way to trade in all countries because there are some countries that still don’t accept bitcoin.
newbie
Activity: 210
Merit: 0
August 24, 2018, 05:13:43 AM
bitcoin in international trade you heard of a trade between countries will it be in the future is unlikely that countries are going to use bitcoin to settle trades among them, that will basically be an endorsement to bitcoin and in a way they will be recognizing as well that they do not trust each other with their currencies and they prefer to choose a decentralized currency instead, so really think that we are not going to see such a thing in our lifetimes....
hero member
Activity: 759
Merit: 500
August 24, 2018, 05:08:16 AM
I think the process will be more convenient maybe because we no longer need to use our money to transfer. And we can also exchange some bitcoins into money which is much easier for now.
full member
Activity: 588
Merit: 101
August 23, 2018, 12:44:20 PM
it certainly affects world trade even the economy is also affected by bitcoin

The economy affects Bitcoin much more here. You have probably mentioned that BTC holders and investors are mostly people from the counties where people have the better life.
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