The Cryptocurrency with visa and mastecard

haidil

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Quote from: ?? on ??

In fact, cryptocurrency is not illegal almost everywhere even now! Wink

We are already standing on the threshold of the future! Soon it will be possible to buy not only Tesla for bitcoins but also Big Mac for ETH... Grin

Banks will move to a single blockchain (CDBC) too...

I agree that if it is used properly it will not be illegal, of course, many well-known companies use crypto. but only the government, which has not thought about the positive impact that will be obtained

gerryhartell

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I don't think it will be legal. But if it is legal, if the government takes good steps, bitcoin will go further. So it is a matter of time. If it is legal, the price of bitcoin will skyrocket.

goldade

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I'm sure you're aware that everything in life has its own advantages and disadvantages. The legalization of bitcoin will further enhance the mass adoption of bitcoin in the mainstream. One of the limiting factors in the adoption of bitcoin is the fact that quite a lot of people see it as being illegal and because they are afraid of committing a crime, they stayed away from it. If bitcoin becomes legalized, then they feel free to get on the train.
However, if bitcoin becomes legalized, the government will want to make it centralized so as to be able to control it

Myleschetty

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Quote from: sheenshane on April 12, 2021, 08:04:02 AM

Quote from: cryptoboss2020 on February 12, 2021, 04:54:50 PM

Coming legal legit.
So what's the next step once the cryptocurrency is legal?

If in case cryptocurrency is already legalized, you have to be worried as the government will find its way to make it centralized. The essence of Bitcoin will vanish slowly as it will be controlled. I don’t really like to concept of Bitcoin being massively adopted by the people as more people attract manipulators.

Hmmm, words but still we don't know if they will be successful in doing that and if we scared of the government centralization of Bitcoin when Bitcoin get mainstream adoption which haven't happen we maybe miss out because sometime your worse enemy maybe your best friend.

Quote from: sheenshane on April 12, 2021, 08:04:02 AM

But yes, I think it is inevitable that users will embrace the pioneer currency in the future. However, master card and visa being associated with Bitcoin is no surprise. It really is possible.

The big question is, when?

They didn't mention when it will be but they said this year and i think they are currently working on it.

Alucard1

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This is really good news, we can now see a good move for the mass adaption for bitcoin as visa and master card already have the cryptocurrency feature, the visa is used for so many things and it worldwide so for sure a lot of people who have this card could be interested about cryptocurrency as well. Hoping that we can still receive good news regarding cryptocurrency as things like things happen it will push bitcoin to reach another new ATH maybe we can see $100k within this year.

sheenshane

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Quote from: cryptoboss2020 on February 12, 2021, 04:54:50 PM

Coming legal legit.
So what's the next step once the cryptocurrency is legal?

If in case cryptocurrency is already legalized, you have to be worried as the government will find its way to make it centralized. The essence of Bitcoin will vanish slowly as it will be controlled. I don’t really like to concept of Bitcoin being massively adopted by the people as more people attract manipulators.

But yes, I think it is inevitable that users will embrace the pioneer currency in the future. However, master card and visa being associated with Bitcoin is no surprise. It really is possible.

The big question is, when?

milani

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Quote from: cryptoboss2020 on February 12, 2021, 04:54:50 PM

Coming legal legit.
So what's the next step once the cryptocurrency is legal?

First of all it depends on concrete country and their inner policy - what concrete step as for the cryptocurrency they will accept and require from their citizens. But of course the official taxes and declaring will be implemented for crypto and may be some limits or something else. How do you think, what the government is interested mostly in?))) the other thing is what will do crypto holders in the situation with all the government's requirements. And I can assure you that it will not be totally and throughout the world.

MIner1448

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Quote from: cryptoboss2020 on February 12, 2021, 04:54:50 PM

Coming legal legit.
So what's the next step once the cryptocurrency is legal?

My personal opinion, if it is recognized, then immediately there will be no such interest in society.
It is better for her that she remains in the state in which she is now. When the payment system (cards) was invented, there was a lot of hype around this, but then it just became a common thing.

ene1980

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Quote from: cryptoboss2020 on February 12, 2021, 04:54:50 PM

Coming legal legit.
So what's the next step once the cryptocurrency is legal?

As if Visa and Mastercard are government firms accepting them Tongue

. It is a business decision by these private firms and it is time they incorporate the cryptocurrency market as they do not want any new companies popping up overtaking their monopoly in the business model they created and for the cryptocurrency enthusiast it is a great news as these news will increase the adoption rate.

BIT-BENDER

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Quote from: cryptoboss2020 on February 12, 2021, 04:54:50 PM

Coming legal legit.
So what's the next step once the cryptocurrency is legal?

It was actually legal in my country then some complication, still not clear the reason if it was a complete ban or temporary, but the only difference between the two times was the exchange conversion to Fiat -locally called naira- so I think but would still be the same just a bit more flexible when it crypto-currency is legal. Any other step may be from the government to find more crypto-currency friendly set ups.

leea-1334

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Quote from: CryptocurencyKing on April 05, 2021, 02:41:14 AM

Making cryptocurrency legal isn't going to change much towards the activities of buyers and sellers. It will just openn a medium for another means of payment and encourages people to go cashless. People could actually transact large somes with comfort. The point of sale or purchase machine now is rampant but, not every sales agent has one yet and as such, there is always going to be a fiat cash option available to sort other means that crypto could solve but won't be very convenient considering charge and timing. The world will be a lot more interesting then.

It will for companies and enterprise though. A lot of companies would just find it easier if things were regulated so they can pay their taxes and do their bank accounts properly. The fact that it is still very vague in a lot of countries means business still cannot fully embrace crypto for fear of legal repercussions later.

Cryptoheavy

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I just have crypto visa card from ownr. That gives me more than enough in crypto spendings irl

Pom_bensin

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Quote from: cryptoboss2020 on February 12, 2021, 04:54:50 PM

Coming legal legit.
So what's the next step once the cryptocurrency is legal?

The prediction after crypto becomes legal is that the commodity and crypto volume will increase. the use of crypto will be higher and also crypto can be one of the good uses in the payment system. so I think crypto in the future will still have the potential to become legal. but when the time is uncertain.

maye5104

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Maybe cryptos will become something more than worthy but risky investment. We can't say crypto is really legal untill we use it eveyday.

Kittygalore

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I think that the next step when bitcoin becomes legal is going to be a lot of regulations and the price may or may not stabilize but it will still grow but this time it might be faster since the government itself has adopted cryptocurrency.

CryptocurencyKing

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Making cryptocurrency legal isn't going to change much towards the activities of buyers and sellers. It will just openn a medium for another means of payment and encourages people to go cashless. People could actually transact large somes with comfort. The point of sale or purchase machine now is rampant but, not every sales agent has one yet and as such, there is always going to be a fiat cash option available to sort other means that crypto could solve but won't be very convenient considering charge and timing. The world will be a lot more interesting then.

Coinsfera

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Quote from: cryptoboss2020 on February 12, 2021, 04:54:50 PM

Coming legal legit.
So what's the next step once the cryptocurrency is legal?

To make it legal then every cryptocurrency owner has to declare that they have a specified number of cryptocurrencies. Being legal means having lots of regulations over cryptocurrency owners and cryptocurrency exchanges. Governments will not stop chasing cryptocurrencies until they fully control the ecosystem. If we pass this stage then governments may think of acquiring them as valid currencies. We have seen the attempts to adopt cryptocurrency applications by Mastercard and Visa. They have some huge plans about usage of cryptocurrencies. The wild adoption by those companies will increase the adoption.

AniviaBtc

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Quote from: milani on February 13, 2021, 11:58:44 AM

Quote from: cryptoboss2020 on February 12, 2021, 04:54:50 PM

Coming legal legit.
So what's the next step once the cryptocurrency is legal?

First of all it will not be everywhere, because we all know that not all countries are friendly to cryptocurrencies. Another one important point - what to do or what you will be able to do with crypto, everything will depend on the concrete country and its laws and regulations, it will depend on what you will be allowed or not allowed to do. So it is a very wide question, and answers will very individual.

The number 1 enemy of bitcoin is that others are still not believing on its existence in the market.

There are still countries who are banning it and thinking that bitcoin doesn't have any value and it is only a tool for scammers to fool people.

Regulation will really be the next problem once countries adopted cryptocurrencies in their market. Not all of them are knowledgeable and willing to invest on it so that's also a problem.

best123

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It will then rule the world world of finance. Blockchain technology is far better than centralized financial institutions. It is transparent, fast, immutable, economical etc. If cryptocurrency is adopted by all the countries, we the early adopters will benefit slots because our cryptocurrency assets will greatly appreciate.

Red Pie

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this development alone does not mean it will be legal. to be legal it must be regulated as a law. Unless it is legally put on a basis, it will not always be in a quite economic place. If it is fully regulated by law, nobody can hold bitcoin.

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