For small countries with economic(and maybe other) problems that can be definetely great idea.
For example few days ago Venezuela already started with their cryptocurrency called Petro.
Topic: The cryptocurrency as national currencies - page 2. (Read 167 times)
A national cryptocurrency will always be the best choice because it is more efficient and transparent. Every country around the globe may consider to develop their own national cryptocurrency and try to adopt the advanced blockchain technology for the better development of the country and people.
Maybe it will happen in the future, because of the great blockchain technology.
I dont think it will happen in the near future,fully adoption needs some decades to be achieve and i dont think it will be an easy adoption because the banks will always find their way to stop cryptocurrencies,we are already seeing what these bankers can do,a lot of countries are starting to regulate the cryptocurrencies which is not a good sign.
Might be? but it needs a lot of time more than that.It will start from the countries if these countries has started adopting the blockchain technology im sure most of the people in the world will use cryptocurrencies instead of the fiat in the future,it will be achieved when these countries will not prohibit the use of cryptocurrencies.
the cryptocurrencies will be the national currencies in 10 years or less
That, in fact, could be a possibility.
However, it is only possible if the national governments of each country we are referring to here decides to issue their own coins, essentially. Just like what Venezuela and Russia is planning on doing with their respective cryptocurrencies.
There is no way that bitcoin will become a national currency because governments will essentially forgo all controls on its economy by doing so, since bitcoin and other decentralized cryptocurrencies are not debt-based. BTC and other cryptos will be seen as a sort of an international trade unit, if you will.
the cryptocurrencies will be the national currencies in 10 years or less
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