in the future paper money using will be reduced, and digital money or cryptocurrentcy will
be growing rapidly, every nation will used one currency for payment transaction
Topic: What will happen if we use a one currency only? - page 7. (Read 19477 times)
If we all use one currency maybe less confusion on trading since there will be one standard for all the prices but there it is not fair to big and small country because it will be advantage or disadvantage to them.
If there is only one currency, than it had to bear the burden of many under-developed economies. Hence, the value of that currency would be highly undermined in terms of the performance of those economies which are struggling hard to maintain their status while the same value will be highly overestimated in case of those governments who are just sitting on the couch to gain their salary.
I can't imagine the impact of our economy when we have one monetary to use, there will be an advantages and disadvantages arise like direct payment. There's no need to convert our money to other currency when we travel abroad. This is cool,however this is also a big threat to country's sovereignty, Our freedom 
I think the advantage of using one global currency only when we travel to other countries, so we are no longer in trouble with the business of exchanging our money with the country's money. but with many losses by using one global currency, developed countries will benefit heavily because there will be no risk of currency in the international trade arena, the loss of a country's sovereignty to independently regulate its monetary conditions, etc.
It is a very difficult to have one currency because we do have a different rate in terms of currency. But there are also some advantages for that like for instance we can directly pay and transact from one country to the other.
Common currency means a common economic policy, which is turning out to be impossible. The world’s other currencies have pretty much reflected their national economic policies — chiefly, how they choose to manage their money supply and their trade.
[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
If you are pertaining into one currency as the official currency and not the digital currency that is impossible to happen because it need to have a one main source and how about the taxes that the government receives it is hard to divide it all around the world so it is impossible it will be chaos. But if you are pertaining into cryptocurrency, it is possible though but the thing is the value of that will be so much bigger because of the supply and demand and i think that currency will be lacking of coins when that happens because they are nor unlimited
Just imagine, one government in one country is done anything but one is missing in this country's people.There will no competition here.I think that it look like a empty playground where anyone can play.
The question makes no sense because anything can be used as a currency, such as beer or rice or gold or litecoin or even toilet paper issued at no cost to the issuers though of course that wouldn't be recommended 
Well, if we really only use one currency it would be great if we travel in many places where only one currency is needed to pay for all other costs, and when Using a currency will limit the risk of currency fluctuations
Well, especially not that - just if you look at the whole world tied to the dollar, and in fact uses this currency. In the world of crypto currency is a slightly different situation, but nevertheless it seems to me that nothing bad will happen.
[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
A single global currency would help unite the world and the smaller economies to compete with with big ones. The global currency would help in so many different ways from buying and selling things to transferring money from one point to another. The bitcoin got a lot of value today because there are many businessmen and traders that are using it as a global currency since it is acceptable all over the world. What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
Yes ofcourse people will unite and it will make stronger relationship but i couldn't say that everyone will be approved and agreed with it. and also if there is someone in the place in power to control the bank for sure they will corrupt and manipulate it.What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
i guess there will be a good and equal transaction.What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
and will make a balance with taxes too.
i don't know how will the services of each country will be affected if there is one currency.
[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
Yes ofcourse people will unite and it will make stronger relationship but i couldn't say that everyone will be approved and agreed with it. and also if there is someone in the place in power to control the bank for sure they will corrupt and manipulate it. What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
Using only a single crypto currency, the current currency will be worth 10 times the bitcoin now with great features on the blockchain platform. That coin will be held by the richest billionaires around the world because they are the ones who have helped the coin rise so much. Then you only have 0.1 only then you are already a millionaire, so great.
[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
I think its not a good idea, because if we use one currency in all nation the economy of other country will go down. The price of everthing in every nation is difference so if we use one currency only, other country will not survive. Maybe if all country will have the same culture and the same price of things we buy.
it is unlikely that it happens every country alone has a different culture especially with currency, if all countries have the same currency must cause conflict and the possibility of inflation that cause war, because surely there are greedy countries want to control the currency.
Nope, i am not agree with the idea of mate that it is unlike that it happen that all countries can used same currency.If the whole world starting same currency then all the users of that currency will get more profit because if you can go to other country then you will need to change your currency to that currency for which you have to pay taxes while if all countries starting using same currencies then you will be free from tax.
it is unlikely that it happens every country alone has a different culture especially with currency, if all countries have the same currency must cause conflict and the possibility of inflation that cause war, because surely there are greedy countries want to control the currency.
If we're using one currency only, let's say for example the US Dollar. Then, it's safe to assume that America conquered every nation's economy. I think they called it the One World Government.but it's just a hypothesis. And it will happen if all the country will unite and be under in one government only
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