The future global currency will not be based on Bitcoin or any of the current alts in my opinion. It will be a centralised virtual currency operated by the banking elite.
If the future of global digital currency is not Bitcoin and current altcoin in the market then I don't see the world having a global digital currency due to the rules and regulations some countries which are different from each other not to mention the economy, bilateral trade and political foes happening between some countries. 
Topic: The acceptance of cryptocurrency worldwide - page 5. (Read 1428 times)
The world's acceptance of cryptocurrencies will be certain when the majority of payment countries and services accept them. Bitcoin will be a global currency.
The problem is we have too many currencies and not all are accepted.
Another problem is that once it is accepted that global deposits will have overcrowding of cryptocurrencies due to too many transactions being sent. Their blockchain will slow down transactions and increase costs. There will be more solutions for cryptocurrencies in the future.
The problem is we have too many currencies and not all are accepted.
Another problem is that once it is accepted that global deposits will have overcrowding of cryptocurrencies due to too many transactions being sent. Their blockchain will slow down transactions and increase costs. There will be more solutions for cryptocurrencies in the future.
What are your predictions? In what year will crypto be accepted worldwide?
Maybe after the year on which everyone is already educated in bitcoin and everyone already know modern technologies so that they can use bitcoin easily. If When? Then nobody knows, maybe after another 10years of crypto ,only tomorrow and the future can tell.
When we got started in cryptocurrencies we were fascinated by being able to transact on global exchanges and then send funds to our bank accounts.
Something that with traditional sites was very tedious and inaccessible for some.
The freedom to manage your funds is great thanks to cryptocurrencies is OP's wish for all countries and future generations for which I agree with his thinking.
Something that with traditional sites was very tedious and inaccessible for some.
The freedom to manage your funds is great thanks to cryptocurrencies is OP's wish for all countries and future generations for which I agree with his thinking.
I think there's no need to push through crypto to be recognize like fiat, as long as many people are using it (regardless of their reasons e.g investment/digital currency) its a good thing already because users are growing worldwide and there's a future possibility of acceptance for every country.
we still need to tell them that cryptos can work like a fiat especially to a people that dont tried to use crypto before because if we only tell them that crypto works better as an asset , chances are they will engage on this because of this reason alone . what about merchants and other people that wants to use crypto on their store . infact crypto acceptance can grew more with the help of merchants and people that use a crypto like a fiat because others will see it outside compare to when cryptos are hidden because they people only use it as investment . If all countries can accepted crypto currencies in there various countries, as a means of payment and as a means of online exchanges, such as money is, money is anything use as a means of exchange and general acceptable. With the means I think all cryptocurrencies (bitcoin) will definitely go round the world, and will be use as a means of exchange. I will be so grateful to the creation of crypto currencies. This will also help our future generation, Remember something when we do international transfer across the countries, it may take a while to get the money to your local bank account, but with cryptocurrency you can get instant reflection if bitcoin etc is transfer to wallet,And you can make use of your coin (bitcoin ETC).
Bitcoin is still a highly volatile asset and hence not much suitable as a medium of exchange, though it's really good as a store of value. Stablecoins can serve as a medium of exchange, including international transfers, as they can be easily pegged to USD. I believe that in the future, some digital assets (either stablecoins or any other crypto assets, not necessarily Bitcoin) will be used for global transfers and will successfully compete with traditional currency.
In my opinion, this will takes time that bitcoin to be accepted globally. We already observe this that some people doesn't know this cryptocurrency and even other countries prohibit the use of bitcoin. It's been discussed before the acceptance of the cryptocurrency and only we can do hope there will be an massive adoption on bitcoin to be happen in the future.
As you said, it takes time.
I don't think this will be a matter of knowledge or being a literate when it comes to technology but I think if a country is already a place where people could embrace new technologies easily, Bitcoin might be easily adopted. Most of the countries that are using Bitcoin are those with people used to technologies, that could support that way of transactions that just means that as long as there are countries that are struggling to support such technologies, I think it would take longer to accept Bitcoin and other cryptocurrencies.
Though many countries legalized the use of crypto particularly bitcoin, there are still countries banned it. So this means worldwide acceptance are not possible at this time. The volatility has something to do why it cant be use as one of payment method unless the merchants are aware of this risk and still willing to accept crypto despite of these issues. I think there's no need to push through crypto to be recognize like fiat, as long as many people are using it (regardless of their reasons e.g investment/digital currency) its a good thing already because users are growing worldwide and there's a future possibility of acceptance for every country.
legendary
Activity: 2576
Merit: 1043
Need a Marketing Manager? |Telegram ID- @LT_Mouse
In my opinion, this will takes time that bitcoin to be accepted globally. We already observe this that some people doesn't know this cryptocurrency and even other countries prohibit the use of bitcoin. It's been discussed before the acceptance of the cryptocurrency and only we can do hope there will be an massive adoption on bitcoin to be happen in the future.
Bitcoin to be accepted globally isn't necessary as it is just an alternative currency next to the fiat currency that you can use to pay your bills or buy something.You already saw that Bitcoin isn't used worldwide because some of the countries banned it especially the countries in Middle East and India possibly so lets not wait for the time that this will happen because I don't think that it will happen. Even though our technology is evolving, there are still some people who can't even have access to smartphones or anything used to access Bitcoin.
It will, once the current monetary system collapses, then it will be the age of financial freedom, and its more efficient and secure than a centralized database that could be easily breach by malware. Where in the blockchain you need to have atleast 51% of hash power to steal or reverse the transaction. This pandemic made people more aware of Bitcoin, especially in major countries hit by the pandemic. One of this is france that transitioned to the use of Cryptocurrency for payments.
But unfortunately government doesn't operate decentralized coin and all the things are dependent on centralized local currency. Hopefully in future, Bitcoin and other major coin will be accepted by government.
I think we will all be seeing that future and to be honest, it is not that impossible to happen knowing that some countries are already accepting bitcoin and other crypto currencies as well. The problem is how will they make use of it like the problems told by @Slowdeath above. We are talking about its acceptance that is already happened/happening in some countries but how about it being adopted in certain scenarios. That just means it would be centralized if that happens.
In my opinion, this will takes time that bitcoin to be accepted globally. We already observe this that some people doesn't know this cryptocurrency and even other countries prohibit the use of bitcoin. It's been discussed before the acceptance of the cryptocurrency and only we can do hope there will be an massive adoption on bitcoin to be happen in the future.
Bitcoin doesn't need to be a global currency at this early times but making it as another option of payment aside from fiat is already a great achievement for crypto. We cannot expect for the whole world to accept bitcoin and legalize it but this pandemic is an eye opener for all the thousands of people that bitcoin can be a great currency with its fast and convenient online transaction.
In my opinion, this will takes time that bitcoin to be accepted globally. We already observe this that some people doesn't know this cryptocurrency and even other countries prohibit the use of bitcoin. It's been discussed before the acceptance of the cryptocurrency and only we can do hope there will be an massive adoption on bitcoin to be happen in the future.
In the near future it is impossible for cryptocurrency to be accepted worldwide, because there are still countries that cannot accept
Bitcoin and some countries even prohibit the use of cryptocurrency. Although this fact is sad, the popularity of Bitcoin is gaining popularity,
made some countries that prohibit Cryptocurrency change their minds and start accepting cryptocurrency. Although only limited as a digital
asset. But this is a positive thing, that maybe Bitcoin will gradually begin to be accepted as payment. We really have to be patient so that
Bitcoin can really be accepted by all countries in the world.
Bitcoin and some countries even prohibit the use of cryptocurrency. Although this fact is sad, the popularity of Bitcoin is gaining popularity,
made some countries that prohibit Cryptocurrency change their minds and start accepting cryptocurrency. Although only limited as a digital
asset. But this is a positive thing, that maybe Bitcoin will gradually begin to be accepted as payment. We really have to be patient so that
Bitcoin can really be accepted by all countries in the world.
The acceptance is slow and I guess its going to be overwhelming to the society if its abrupt. Its gonna be gradual just as it should. Credit card companies are slowly in transition.
But its possible that government and central banks are going ot be using BTC as a reserve just like GOLD. We may be using a centralize cryptocurrency in the later years like the digital yuan of China but BTC will still be running and even the other altcoins we despise today they will still survive.
The future global currency will not be based on Bitcoin or any of the current alts in my opinion. It will be a centralised virtual currency operated by the banking elite.
Yes, it could also be a centralized chain entirely controlled by the banks. Without decentralization, just focusing on security, they will utilize Blockchain technology for their work. China is doing the same, they are just admitting blockchain technology, there is no room for Bitcoin or any kind of altcoin in their system.But its possible that government and central banks are going ot be using BTC as a reserve just like GOLD. We may be using a centralize cryptocurrency in the later years like the digital yuan of China but BTC will still be running and even the other altcoins we despise today they will still survive.
If all countries can accepted crypto currencies in there various countries, as a means of payment and as a means of online exchanges, such as money is, money is anything use as a means of exchange and general acceptable. With the means I think all cryptocurrencies (bitcoin) will definitely go round the world, and will be use as a means of exchange. I will be so grateful to the creation of crypto currencies. This will also help our future generation, Remember something when we do international transfer across the countries, it may take a while to get the money to your local bank account, but with cryptocurrency you can get instant reflection if bitcoin etc is transfer to wallet,And you can make use of your coin (bitcoin ETC).
Cryptocurrency could have a big difference when it comes to technology. A lot of countries is already seen cryptocurrency as the future of money because what we have now is just the physical money. Digital transactions in everywhere around the world using the cryptocurrencies is a unique technology. Some countries are interested in cryptocurrencies to make it as one of their assets but there are also some countries that do not trust it and banned it in the countries. Like for example bitcoin, I think we just need time to embrace the technology from bitcoin until it fits the community.
The acceptance of crypto is slow but we will surely get there.
For the sending money purpose I don't think you need a government regulation. You can do it now as long as the reciever already know how to change bitcoin to money fiat. I've done this several times (actually I have more times to use altcoin) because I have a friend who study abroad, I suggest to his parent to using crypto currency rather than money fiat. I think the government will allowed it if they know using crypto currency is more efficient then their service. But, for the payment purpose I'm sure it needs more times, the government will have a thousands of reasons for the citizen to keep using money fiat.
Yeah, sending crypto currency is not a problem but when it comes to FIAT the government may have a problem with that for a reason. And since crypto currency and fiat is interconnected via exchanges there will be a regulations that needs to be followed. It's not just for the greater good but also to avoid the illegal use of money such as laundering. 
If all countries can accepted crypto currencies in there various countries, as a means of payment and as a means of online exchanges, such as money is, money is anything use as a means of exchange and general acceptable. With the means I think all cryptocurrencies (bitcoin) will definitely go round the world, and will be use as a means of exchange. I will be so grateful to the creation of crypto currencies. This will also help our future generation, Remember something when we do international transfer across the countries, it may take a while to get the money to your local bank account, but with cryptocurrency you can get instant reflection if bitcoin etc is transfer to wallet,And you can make use of your coin (bitcoin ETC).
Yeah, it is not going to happen. Not any time soon. Look at how the prices of the coins fluctuate. Looking at how volatile the currency is, it is not feasible to accept the bitcoin or other decentralized crypto currencies unless you accept and directly convert it to fiat currency instantly. There are services that do that for you, but this doesn't mean that "you" are accepting crypto currencies. Lets not forget about how insane the fees become where there are sudden changes in the market price.You can indirectly purchase with bitcoins though. Buy giftcards with your coins and use those bitcoins to purchase online.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Cryptocurrency will one day be accepted worldwide. Because it bestows us a lot of windfalls. Although there are some impediments, in my viewpoint, the proportion of windfalls is more. Hopefully one day everything will be great.
Bitcoin's volatility can be a hindrance towards its acceptance in the community worldwide.
It will surely take a lot of time before this bitcoin to become fully accepted by the people because it is still under development. It still have a lot of flaws although it is the most popular cryptocurrency and it is profitable. My perception towards bitcoin is that it can possibly become accepted in public but this is not the right time to think about that.
Bitcoin was made to dominate the market and we just need to wait for it to happen.
I think that is because the government is not giving bitcoin acceptance, so people tend not to use bitcoin as the payment solution. The volatility is another thing that the business owner thinks because that means they need to accept the volatility, and they need to see the price will go up and down. Maybe bitcoin needs more years to be accepted worldwide, and many governments will also accept bitcoin as the payment. If that happens, maybe cryptocurrency will begin to be used for the payment.
Jump to: