Does Bitcoin affect world trade? - page 9.

leavolnhals

full member

Activity: 770

Merit: 101

Quote from: Granxis on May 08, 2018, 06:23:56 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?

Bitcoin plays an important role in promoting the economy in international trade. These sectors of energy, food and raw materials thus benefit from this electronic currency. Many ecommerce companies China has joint ventures with US companies through the construction of blockchain systems for quality control. And countries that specialize in exporting goods, the application of bitcoin to the transaction will attract a lot of trading companies world, as it is now the era of technology 4.0

aolin118

newbie

Activity: 27

Merit: 0

absolutely will, world trade will affect Bitcoin and Bitcoin will also affect world trade.

henmark

sr. member

Activity: 783

Merit: 270

Quote from: Liberto on July 19, 2018, 05:48:33 AM

Quote from: Granxis on May 08, 2018, 06:23:56 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 think that this process would become very much more comfortable because you would not need any more to transfer all those money things you can just exchange bitcoin and it would be so much easier than it was

Yeah when you consider bitcoin purely as payment method then scenario changes. Right now so many people are loving it just because bitcoin is providing them opportunity and chances to make good money but when you say them use it for payment method, majority of them approve this request but some might be against this favor. They prefer to stick with old method.

SixOfFive

sr. member

Activity: 630

Merit: 257

Yes, Bitcoin can definitely affect world trade. The business entrepreneurs can use Bitcoin settle cross-border payments. That would be much easier way of making payments as there would not be many formalities involved. Also the value of Bitcoin is same all over the world unlike the currencies which have different value in every country. But I don’t think so that this has been put into reality so far because Bitcoin lacks adoption and is not regulated.

jayhawk1

full member

Activity: 352

Merit: 100

It can affect a lot in the future but for now it is just a fraction of it. The world derrivative supply will need
to stop expanding with time. It is going way over the limits of what we can accept yet banks are still greedy and bond stuff together to sell even more. Noone learnt their lessons from 2008 crisis. For now bitcoin is just lurking and waiting, the next time there is a big bubble burst like in 2008, bitcoin will be here to take a bigger piece of the pie.

paynercash

member

Activity: 392

Merit: 10

send and receive money instantly, with no hidden c

Quote from: sublime5447 on July 21, 2018, 03:28:47 PM

According to my knowledge bitcoin has no great effect on trading but it’s very influential due to the increasing demand and the limited supply so the value of bitcoin can change very drastically.

There are certainly a number of factors that influence the bitcoin value
But there are some things that can be found in new types of copper that make communities less trustworthy and less motivated to invest
However, depending on the currency of different values and useful to the community is very strong welcome. It is very likely that the future of the Bitcoin market is expected.

Babyhouse

newbie

Activity: 116

Merit: 0

Yes like for those buying and selling goods and services across borders, cryptocurrency offers a host of benefits. For example, because cryptocurrency is a peer-to-peer monetary system, there are no taxes that govern them, and transaction fees are almost nonexistent. Regardless of how the future pans out for cryptocurrencies, it’s clear that business owners should be exploring cryptocurrency and blockchain technologies to see how they could benefit and make a move to capitalize on the technology.

Kolikalex55

jr. member

Activity: 278

Merit: 1

simply getting the job done

I haven't heard anything about it, but I think not ! bitcoin is still quite raw and I think that in the near future this issue will be widely relevant !

dublados

newbie

Activity: 32

Merit: 0

Up to this point, there was no chance to get for organizations to fence their bitcoin introduction. On the off chance that a Company offers products for bitcoins, yet gets installment in 30 days, it wouldn't make certain of the esteem it would get. The unpredictability that bitcoin has could wipe out the whole capital of an independent venture. So the brilliant ones would center around building their business, not endeavor to oversee bitcoin unpredictability.

siracunas

newbie

Activity: 25

Merit: 0

Quote from: Granxis on May 08, 2018, 06:23:56 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 improbable that nations will utilize bitcoin to settle exchanges among them, that will fundamentally be a support to bitcoin and in a way they will perceive also that they don't confide in each other with their monetary standards and they like to pick a decentralized cash rather, so I truly feel that we are not going to see a wonder such as this in our lifetimes.

bsce1-1

newbie

Activity: 66

Merit: 0

It is impossible that countries will use bitcoin to settle trades among them, that will in a general sense be a help to bitcoin and in a way they will see likewise that they don't trust in each other with their fiscal models and they get a kick out of the chance to pick a decentralized money rather, so I genuinely feel that we are not going to see a ponder, for example, this in our lifetimes.

cryptoalfs76

full member

Activity: 406

Merit: 100

▰▰▰ MODULE ▰▰

Quote from: Granxis on May 08, 2018, 06:23:56 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?

as far as i know bitcoin trading investment is different from international trade,because the cryptocurrency investment have its own world and only for integral trading of figures,while in international trade,its is the transaction of trading bussiness worldwide,while in the other hand i've never been heard a cryptocurrency transaction of two country but in international trading bussiness mostly many times i've heard of this,especially trading in my own country.

TheClownSong

sr. member

Activity: 1428

Merit: 251

solidtradebank.com | 5%-15% Welcome Bonus

Quote from: Granxis on May 08, 2018, 06:23:56 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 think government will not using bitcoin or other cryptocurrency. Bussinessman and company probably using bitcoin or cryptocurrency for faster transaction. I think cryptocurrency will help increasing world trade because more efficient and cost more lower than using banks

Ilegendph

full member

Activity: 434

Merit: 103

Thinking on the higher plane of existence.

The entrance of bitcoin only means an opportunity for people to earn and a competition for existing commodities that is used in international trading like gold,oil, currency etc. Most of countries are looking at bitcoin as competitor when it comes to forex because it directly affects the competition by shifting the investors from trading local currency into trading bitcoins.

compak_comunity

full member

Activity: 406

Merit: 100

For now I not too sure that bitcoin can affect world trade because to the prohibition of government in a country makes bitcoin more difficult to develop after the population does not dare to invest in the future with the ban.

Morgann

full member

Activity: 420

Merit: 100

Quote from: Granxis on May 08, 2018, 06:23:56 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?

In my own opinion, yes it actually does, the demand in the world trade can actually decrease because some of the people will switch to cryptocurrency.

chaoscoinz

sr. member

Activity: 1151

Merit: 260

☆Gaget-Pack☆

Quote from: Granxis on May 08, 2018, 06:23:56 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?

Maybe one day, if Bitcoin is able to garner enough poise and respect to begin being adopted by most countries.
It's good to be somewhat of a dreamer, but as of now the road to regulation is a bumpy one, filled with many potholes, but when all is said and done, the road will be a bit more polished, resulting in less friction than what we've been used to traversing.

Nascor

full member

Activity: 197

Merit: 100

nah, the crypto world can't be compared to the current financial infrastrucure. We are several trillion away from affecting anything

Lagrood

newbie

Activity: 728

Merit: 0

I think that the role of bitcoin in the world trade will increase because there are a lot of reasons for that. I read some articles where authors described how sanctioned countries made payments between themself using cryptocurrencies.

aso118

legendary

Activity: 1918

Merit: 1012

★Nitrogensports.eu★

Quote from: Granxis on May 08, 2018, 06:23:56 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?

Until recently, there was no way for companies to hedge their bitcoin exposure. If a Company sells goods for bitcoins, but receives payment in 30 days, it wouldn't be sure of the value it would receive. The volatility that bitcoin has could wipe out the entire capital of a small business. So the smart ones would focus on building their business, not try to manage bitcoin volatility.

Topic: Does Bitcoin affect world trade? - page 9. (Read 1137 times)