Topic: THE FUTURE FOR THE ELECTRONIC MONEY MARKET (Read 697 times)

The future is that of electronic money. Electronic, digital and crypto are names of one currency which will take over the market in the future. I think that as most of the countries accepted bitcoin the rests will also accept it but after some time. My country has also banned crypto but I am sure they will legalize it soon and people will freely invest and trade in cryptos.

When you have money you can start any business and I think that cryptos have provided the opportunity to earn big money for our future. if somebody has crypto trading experience then there is no need for him to start any other business. Crypto trading is enough for earning huge money because the coming years will be good for crypto as well as for traders.

In my opinion the future of digital currency is very bright and people are turning towards digital currency. Digital currency will take over the currency market and all other currencies (paper and fiat) will disappear from the market. People will enjoy cashless world in the future. it will be a different experience for those who have never used digital currency till date.

Many countries have accepted bitcoin, but few do not consider it as a means of payment, everyone will have to adhere to government regulations. I hope the future of Bitcoin is coming soon as people will accept bitcoin as a payment currency.

Platforms from ICO has really made a lot of business start with a excellent boost so it is really a good opportunity for all those who want to start a business with potential plans and lack in terms of capital. This is a plus point for bitcoins as well thr world related to the cryptocurrencies.

I believe that ICO is an excellent opportunity for the development of many businesses that for various reasons can not get the capital to start. And scammers they are everywhere and they need to fight.

ELECTRONIC MONEY was created to address some of the problems previously unknown to other currencies. These are issues related to payments, transactions and fees.
For electronic money, they all follow the will of the user. How do you want to pay? It's all up to you. In addition, the security of the coin is very high. . Compared to many other traditional types of money, electronic money surpasses that.
I believe in a bright future of cryptocurrency

It is actually depending on the interest of the people, if people are interested in crypto trading then no doubt that its market will continue to grow, in think that still crypto currencies are in their early stages and they will surely continue to become popular in future.

Yes,you are right the crypto currency market is growing day by day but some crypto haters just spreading false statement about it will make the panic among the people.But actually crypto have much positive sides when compared to the fiat and dollars,so crypto is going to be a part of money system in future.

Every year some economists and analysts bury dollar because America has the tremendous debt but year by year nothing has happened.
Crypto technologies are new technologies and it is progress why we should be worried about crash on crypto market. There are plastic cards like Visa and others and nobody discuss seriously that Visa will be bankrupt because there are no objective reasons now.
I am sure that crypto market will be more and more legitime soon as stock or commodity ones.

I only see that nowadays in all aspects more use of digital systems and of course will be very influential on the financial system in the future. so I think it is not impossible that in the future the financial system will lead to an electronic-based financial system. and also if viewed in terms of profit and also the ease of which will be in the course of electronic financial systems will be very profitable and also very easy and it will be very interesting for entrepreneurs to make new innovations about finance with digital system.

The most stupid thing you can do now is withdraw money. It will be very difficult to go back cheaper. Near the bottom in general, it is dangerous to move, only one option solves here - a phased purchase. Remove from yourself the harmful thought that bitcoin can depreciate without a fundamental reason. So those who last autumn said: "And why did not I buy it when it cost one thousand?" Perhaps, by the end of this year we will hear it again, only from 6000-7000 $

The future of electronic money is bright. Now that the crypto market is gaining traction across the globe, it'll become more accepted at a macro level.

Everything will happen, those who want fiat money and banks replaced by cryptocurrency they didn't have basic economic law. I do not see any competition between cryptocurrency and fiat money, as a matter of fact me myself using fiat money and cryptocurrency simultaneously.

I do not hate fiat money who made by the government and I am not a fixed person and focus on developments that occur in cryptocurrency, but I am a user between cryptocurrency and fiat money to make my life easier and simpler. Because it's the best way to enjoy all life processes.

This new economy of virtual currency cannot replace fiats in practical sense. First, there a lot of these cryptos springing up everyday, so except governments will develop theirs, so which one will be adopted? Secondly, the high volatility and scalability issues of cryptos and their underlying blockchain infrastructure are another bane.
So what can happen is that both coexist, which government will continue to see as a parallel financial system which has been resists to government stiff regulatory intervention.

Exactly. I don't understand why people keep focusing on banks or fiat to be replaced, while it's not entirely possible in the first place, and it's not even needed. Bitcoin is here to serve people, and nothing will change in that regard.

People always try to come up with things Bitcoin needs to do, while it doesn't even make sense mostly. Bitcoin is nothing more than a layer that works on top of the current financial system, but completely independent.

It's a powerful tool allowing people to obtain the financial freedom they always wanted to have, but were never allowed to have. Bitcoin changed that years ago, but some people still haven't realized that. They will eventually.

Cryptocurrencies do not need to replace fiat, the only thing they need to do is to keep existing, as long as cryptocurrencies exist they give to us an option to opt out of the fiat system something that did not existed before, that is why governments are so afraid, for the first time they need to compete with another system of transferring value and they are not happy.

That time wont come because even how do bitcoin would progress or other cryptocurrencies it wont able to surpass or to replaced fiat itself as long theres government would impose such laws we cant do anything about it because if they do make laws or rules we are done. The thing we can only use up with crypto is that it cant really be traced up which we can really make transactions without being traced up by them thats why they do hate it. We might able to see the future of full transition to physical to digital fiat but it wont really able to be the same with the feature which we can saw on crypto.

The option to go digital with our money has been there for sometime because governments want to make cash disappear because they cannot track it and they thought they had things under control with it the money until satoshi appeared and changed all the game and now they are struggling to try to find an answer about how to destroy cryptocurrencies and if they cannot stop bitcoin now in a few years it will be too late and it will be all over the world.

Already banks are started digital transaction after 2010 to now, I do not why electronic money need to do some thing like that again here. If the crypto currency is getting legal as soon as possible for various country.
I do not want to find fiat cash to grow means then you can go with crypto currencies.
Legalization is the best way to make the crypto is trusted one with the normal people to laymen.

The way all the electronic currencies are making their name in the international market and the way people are getting convinced in investing of their money into these currencies gives us an indication that all the crypto currencies hold a very bright future and that they will change the dynamics of this very world in a wonderful way soon. we need to trust them to get an opportunity of having a better living.

The existence of electronic money actually shows almost limitless opportunities. Here are some advantages of using electronic money:
first, stabilize the market. electronic money provides a temporary solution to market stabilization efforts. This needs to be done, especially when the 'normal' currency is unable to perform the task.
second, reduce transaction costs. Yes, not everyone likes to transact through banks or in touch with banks today. The fact that banks are increasingly greedy withdrawing money from over-the-counter transaction fees makes people uneasy about being liable for illegal levies simply because banks want to increase their fee-based income.
third, restoring public confidence. With the electronic currency being allowed as one currency to transact electronically, it means that the government understands what is needed by the community, that is an alternative solution when the standard solution stagnates.
this is as far as I know about the electronic currency market.

Electronic money market future are so bright and that is cryptocurrency.I hope bitcoin is the leading position in cryptocurrency.already many bank uses digital service.I hope in future every one have bitcoin wallet.I hope cryptocurrency take position instead of fiat currency.

This will be much more developed in the future, the increasing demand being the reason why the crypto market is currently on a positive track. Regarding about government support then we will wait some time and I am sure all elements in this world will support crypto. All just waiting for the right time and crypto can be implemented in the financial system as a whole.

There is no doubt that cryptocurrency will replace fiat in the future, most millenials already accept the idea of going anonymous kn any transactions they do, since almost everything they do is on social media, the whole world knows about them, I think when it comes to money matters that's something that they do want to keep in private. As of now, baby bloomers are still in the position, they are the ones deciding what and what no to be a part of, and since they will be replace by millenials soon, cryptocurrency will likely to boom further at that time, since fiat will no longer be of value to them, still it will need further studies, and that is what millenials are good at, they had experienced a technology lower than we have today and can adapt in the technology we have now with ease.

The way this electronic money has managed to make such a good name in the start is very much appreciable and that I am very much sure that if things keep on happening in the similar way, then we will surely be able to see even better things in the future and that both the demand as well as the market value of the crypto coins will then be greatly increased. I can see a very colorful future of the entire electronic money market.

The future will be that of digital currency because the world is turning towards it. Nothing could be say about the time but one day all other curries will disappear from the world and only electronic currency will be used. People want ease and security for their money and digital currency holds both the qualities.

As we see that the we have come out from the barter system to electronic currency, it means that in the future electronic currency will hold the whole market. The use is easy and there is no fear of stealing and loosing because it has no physical existence. It is usable all over the world and no need for exchange for payments.

Since the time this electronic money has come into existence, this world has been greatly revolutionized and that the living style of most of the people especially those who are related to that of any of the crypto currency has been uplifted. I am very much positive regarding the future of this electronic market as this is something which is bringing lot of positive hopes for all of us to have a better living.

Blockchain network is secured and wallets are if you are responsible of keeping it. And crypto's are decentralized except those few centralized coins, it's transparent in few ways by seeing your transaction through the network by knowing if the transaction is confirmed or not. But without information that makes it anonymous however you can still know if funds were sent or not.
These people who are in bigger position are just confusing themselves on how to use crypto's and giving examples that are obviously far on what crypto's used to be.

If big countries, such as included in the first world country start to adopt and make it regulated then every small country which is great in number will follow, if USA, RUSSIA, even just these two adopt crypto currency 100% then it will be easy to initiate other place/country, but since crypto needs exact transparency and security, then it will be temporary to common individuals can only be used through internet.

The confusion surrounding regulation is unreal. IRS describes it as property, sec as an asset and fincen call it a currency. By definition it can't be all the above

The faster we understand that the future can't be held back, the better. These are changes that are naturally coming into the societies and the world as a whole and this time, it is influencing the financial system.

Every year electronic money will gain popularity and will be in great demand, and as a result people will see that electronic money is much more convenient than ordinary money, but when we come to this - it is unknown 

I even see the whole stock market moving into cryptocurrency as this is where things would even get more interesting in the long run. The way things are going with the crypto market, a lot of interest are being generated globally and with the idea of having people who can invest across borders makes it even more interesting as most of the projects can easily generate funds as long as they have the product it takes to entice investors.

Too heavy to be electronic money and too far away to think about, there are still many choices crypto has to face, an unstable price issue that is a major issue that coins better fit the so-called digital asset as an additional investment of one's earnings for the future ahead, it's safer for me, again not easy to realize that everything looks cool but many risks and complaints of any central bank or government, everything will not go smoothly.

I don't think that crypto is our future money, I think crypto will always be used online, and as of now we can already use crypto and we can encash it with different kinds of choices we want, like banks or remittance and we only have 21million bitcoin circulating so what if all bitcoins will already be used?

Human beings are entering a new threshold of money, namely electronic currency, credit card and online currency, which will also cause great changes in modern life. In the era of electronic money, perhaps no commercial bank exists, and there is only one central bank in the country.

The future of world currencies is cryptocurrency, I believe in this because the world desperately needs the crypto features of paper money that are outdated. Good things will replace those that are backward, so which country quickly catches up with that trend then the nation will succeed.

Already many government and various banks around the world goes to the digital banking option, If the consumers all knows the bitcoin and alts usage completely every one will go with the personal bank(bitcoin wallet) in future days.
We people need educate the people about the usages and merits about bitcoin blockchain system but here no one wants the competition here in the market.
Op post seems news information, better he may create a thread on press child board to show the news information.

I personally can not say anything for the electronic money market, there will still be a lot of things that will happen for the future. this is still quite new to say is still early to know the world of crypto currency and there are still some circles who also do not know cryptocurency. l hope crypto world will grow well and can be accepted in all countries.

The future money is probably no longer in paper or coin, why so most likely future money shaped card (card), or in the form of savings in the form of numbers in the smart phone.

Will electronic money become the new medium of exchange, or will it be confined to just a few special niches? Money has three functions in society, and how well electronics serves these functions will determine its future. First, money is a unit of account, or a way to measure and record value. Second, it is a way to store value conveniently for future use. Finally, it is a medium of exchange. For money to fulfil these three functions, it must satisfy certain requirements. It should be easily and broadly recognizable and hard to fake (counterfeit), its value should be reasonably stable, and it should be durable and not deteriorate. Finally and crucially, it should be convenient and inexpensive to use. How will electronics fit into this matrix of functions and requirements? The products being developed today fall into two groups, and it is important to distinguish between them because only one of them is a new form of money. Those referred to as electronic banking do not represent a new kind of money, but rather offer a new way to access a number of traditional bank services with traditional money. Such activities as bill paying and shifting funds among accounts over a telephone or computer connection belong here. The many emerging types of stored value cards and other media, however, do create a new money, as they represent an alternative to government issued or guaranteed instruments. In stored value systems, the liability of the issuer is recorded directly on the card, and a corresponding deposit account is not necessarily maintained for the individual card holder

At present, the outside world of digital currency has yet to have an accurate definition, but for the foreseeable future, the currency in the form of senior shift, may appear in front of our eyes beyond imagination and material applied to life.

Money plays an important role in the economic field. His morphological changes can transmit the changes of global economic and finance, and subtly influence the economic trend.

Maybe we keep waiting for the any in such case but as it is and the way SEC is regulating the market, I would rather stick my option to few of the coins such as bitcoin that I can trust than gamble holding some alts that may end up being screwed. Also, bittrex being a US based exchange, I have noticed the way it has been bouncing some alts recently and it seems this is what is going to end up happening for most of these coins or tokens if care is not taken.

The future of the electronic market must be having brighter future than what we could imagine as electronic gadgets are part of everybody's life along with revolutionary high speed mobile networks and fiber optic internet connections. We cannot expect people to stick with old way of fiat transactions. They will definitely look forward in a level which must be convenient to them.

Along with conveniences, cryptocurrencies offer lots of benefits compared to other electronic payment system. When comparing other electronic money system, cryptocurrencies will definitely sustain and will replace all other existing system.

From the way things are going and electronic money, cryptocurrency might take the lead in the future but I don't think it will be dominated by just one coin. We might have different digital coins doing that depending on the area of usage.

In future We will see tokenize  market everywhere  in the world, and rise cryptocurrency in near future;D;D

If it is believed that the digital currency will be the future of the currency, then the next question is in the hundreds of thousands of kinds of digital currency monetary which one to stand out from the crowd, led digital currency market, eventually become digital money market dominance? As things stand, any of these thousands of digital currencies, or any future, is likely to dominate the future digital money market.

I must say that it is too early for this as it has not been a long period of time for this world to know about any of the crypto currency and that there is a huge number of people who still don’t know anything regarding any of the crypto coin and that under such situations, you can’t comment on anything regarding the future.

However, I am very much hopeful that the coming days will be in favor of the crypto coins and that we will then be able to make a better earning out of it.

SEC Chairman Jay Clayton: "All ICOs are fraudulent? Obviously not! "

The SEC's top secretary seems to have taken a closer look at his position on the ICO.

At an event held at Princeton University in New Jersey on Thursday, SEC chairman Jay Clayton even denied that any ICO was fraudulent, saying " Not at all "before a question as to whether the SEC's law enforcement actions against the operators of the Blockchain project were for that reason.
The comment was made by Clayton during a seminar on "Digital Currency and First-time Money-Issuance," and is now widely circulated on the mass media by former SEC chairman. There was a very famous statement in February, when he said "every ICO he witnessed was classified as a securities offering."

Clayton opened the speech by praising "scatterplot technology has a very promising future for the financial industry" in front of a crowd of audience.

The SEC chairman then discussed the moves that have been made by the agency to help the electronic money industry grow over time.

Jay Clayton said:

How does washington's approach and sec have a negative impact on distributed diary technology in other areas? My short answer is to hope it is actually helping - because if that technology is being used for phishing as well as considering its scope of application for phishing, history shows It is the government that usually takes action later on.

The SEC chairman added:

I think if we do not quickly stop the fraudulent act, there is a serious risk of "pendulum management" - the government's surveillance actions will be so severe that it will limit the prospect of This kind of new stock.

Argue about "token utility".
On the other hand, Clayton shared his thoughts on the development of terms in the industry.

One of the major problems caused by the issuance of tokens is to classify them as "utility tokens," which will make the ICO unconstrained as a form of securities. As such, the SEC has once again affirmed its view that almost every current token issue is claiming its products have a definite use, despite the fact that they are actually is the stock.

If a startup offers "to offer something based on the common endeavor of everyone, it should be managed as a form of stock," Clayton told the crowd.

To further clarify its position, senior US financial officials use an example to describe the difference between "utility tokens" and "securities tokens."

"If I had a coin to put in a washing machine at a laundry facility, it would not be stock, but if I was offered ten dollars for a laundry detergent, which is still under construction and I buy them to sell to others next year, this is the stock. "

However, Jay Clayton said that the concept is still entitled to change over time.
"Our regulators acknowledge that the use of a laundry coin can change over time, that use may either approach or move away from the definition of what is evidence. package. "

Not to mention, there will be cases where many countries are experimenting with the development of sovereign e-currencies, while startups are now moving to developing applications based on that technology.

In addition, Clayton said that if a token is classified as a security, it changes with the development of the industry:

"Just because it's a stock today does not mean it's going to be the stock market tomorrow, and vice versa."
BTC