Although there are a few countries who uses bitcoins and other cryptocurrencies now, I cannot help but wonder if the world is truly ready for this digital currency? It will certainly be hard to replace all currencies in the world but it could happen in a decade or so, perhaps even less? Still the question is, is the world ready? I think if this happens it might be one of the biggest changes that will happen worldwide.
I think that we will see that in the example of Thailand and Philippines which as far as we know are already trying to integrate bitcoin and cryptocurrencies in their own economic situation in the country making it available to pay with. 
Topic: Is the world ready for cryptocurrency? - page 35. (Read 6301 times)
The world are not fully ready for cryptocurrency, in most of the countries of the world cryptocurrency are still on banned. For the world to fully ready for cryptocurrency will need to support and accept it through out the world, and set out an awareness among the people.
Yes the world is ready but the big question is, is cryptocurrency ready? i don't think so at list not until the volatility issue is been addressed but should their be a sudden global financial crises then crypto should be ready for mass acceptance and usage
The world is already operating on digital currency but not on currency on block chain platform (cryptocurrencies) .There are few countries that allow use of cryptocurrencies ,but there are very few of them ,rest of nations want everything to become digital but are not ready for giving complete of exchanging in user's hand .They want to have power over how exchanging of money, by whatever means ,takes place .The reasons they mostly is to track frauds ,illegal exchange and all other illegal actions.nations are gonna take time till they fully understand blockchain and their benefits make it more secure till it become official ..so ya world is not ready yet but its stepping toward using blockchain technology in future .
To my opinion I don't think that crytocurrency will be replaced as an alternative for fiat currency in future because Bitcoin is a digital decentralized currency and there is no third party involvement . Even though Bitcoin is distributed world wide ,due to limited supply of Bitcoins that is a supply of only 21 million coins are available and among this almost 18 million of coins have been mined so it cannot be accepted as an alternative for fiat currency .
world dont ready to use cryptocurrencies.
How we know every month hackers stolen funds from user accounts and exchanges.
Need to increase security options or tactical usability of cryptos, because there transactions not cancelable
How we know every month hackers stolen funds from user accounts and exchanges.
Need to increase security options or tactical usability of cryptos, because there transactions not cancelable
the world is ready with the technology and ready to use cryptocurrency, but people need to be educated more about these things to get a better success.That is my idea
The crypto market now is too volatile. If the world accepted for cryptocurrency, the economy would be messed up by crypto. We still don't have any regulation on it. Nobody could represent to secure about its value. Personally, With the advantage of cryptocurrencies, the world would adopt it in the near time. We now dont have enough power to control it.
The world is not totally ready to use digital currency throughout without some places still using fiat. It will surprise you to know that we still have large portion of places that do not have access to internet, which means cryptocurrency cannot be use in such places.
No, crypto runs faster than technology development and human awareness. Thus, I think maybe 10 years later, Crypto could be well-known
Cryptocurrencies could be the way of the future. Many people are waking up to its power. But I think it'll take some time before it can experience full-scale worldwide adoption. It has a lot of impediments in
its way chief of which are people's and governments' hesitation, skeptocism and cynicism related to blockchain technology and cryptocurrencies.
its way chief of which are people's and governments' hesitation, skeptocism and cynicism related to blockchain technology and cryptocurrencies.
It is possible that one day cryptocurrency will be implemented globally if everybody's ready to adopt this kind of service. Technology helps the rapid popularity of crypto. More or less 10 years from now, we can define the world as crypto world.
There are few countries that are open to Bitcoin, while the number of country keeping vigilant against Bitcoin isn't small. It's because it has a bunch of problems which has yet to be improved. Take Bitcoin as an general example. One of the most important risk factors for bitcoin is security. Although personal wallets can be encrypted, and the SHA-256 encryption algorithm of bitcoin itself is considered extremely secure, should a vulnerability be found and exploited, it could have a catastrophic impact on bitcoin’s reputation.
The world hasn't been ready for the brand new Bitcoin as well as other cryptocurrency. But cryptocurrency themselves haven't been ready for being widely used, either. One of the biggest risks of virtual currencies from the corporate perspective is the lack of liquidity. If corporations were to actively use bitcoin in daily business, their imbalance in demand for the virtual currency would increase the price volatility just through the execution of daily transactions. Although only 50% of the total Bitcoins available are in circulation, unless volume is increased, the lack of liquidity would prevent any corporation from being able to utilize bitcoin as a viable currency alternative.
Actually, Bitcoin isn't ready for being used as an alternative means of payment. Unsolved problems of Bitcoin are still an obstruct. First, virtual currencies are not tied to any country’s economy. By floating against all other currencies, bitcoin is theoretically insulated from the effects of economic instability, fiscal/monetary policies and political unrest, such as the recent issues in the eurozone. Since bitcoin is not tied to a single economic or political entity, much of the source of this unpredictability is speculation, rather than economic or fiscal policies. Media coverage, fluctuations in demand and rumors of technical glitches or breaches can act as triggers for such speculation. Such uncertainty introduces an unacceptable amount of risk.
Before questioning the readiness of the world to cryptocurrency, considering whether virtual currencies a feasible alternative for the corporate world, or are they simply a passing fad is necessary. Bitcoin as well as other cryptocurrencies has many features fitting with crimes' needs. For example, Bitcoin can be used to buy bad things, like illegal weapons, owing to the anonymous characteristics in transactions. I think cryptocurrency need more time to perfect themselves before being widely used.
Bitcoins are stored electronically and traded for other market currencies via online foreign exchange portals. Therefore, there is no need for a bank account and its associated transaction fees, ultimately minimizing storage and transaction costs. It benefits economy in may ways, realizing the goal of a cashless society. So the global should have more open attitudes towards Bitcoin . Currently, I think the global economy has been really ready to adopt Bitcoin. There's still a lot of concerns and doubts.
Of course, while the world and people around the world are not ready to accept crypto currency. But time goes on and more people join the crypto world. I hope that within 5 years the world will mature to accept crypto currency.
Although there are a few countries who uses bitcoins and other cryptocurrencies now, I cannot help but wonder if the world is truly ready for this digital currency? It will certainly be hard to replace all currencies in the world but it could happen in a decade or so, perhaps even less? Still the question is, is the world ready? I think if this happens it might be one of the biggest changes that will happen worldwide.
The world is not ready for cryptocurrency yet. A lot of people are used to Fiat money, cash in your pocket, so now give people bitcoins they do not understand. Imagine you are just a grandmother in a bitcoin store paying. That sounds like crazy talk.
The good technology. We would soon witness decentralization taking over almost every technology in the world.
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