Is bitcoin not an international currency to you? Unless you mean another thing.
Because bitcoin is available right now from almost anywhere as long as you have internet connection.
With anywhere I mean the whole planet world where internet is reachable.
Topic: When will be see bitcoin as international currency? - page 15. (Read 21206 times)
It depends on your definition of international currency... because if you refer to a currency that can be used anywhere in the world, Bitcoin can already be used in this way, the problem is that some people still do not know the potential and importance of it.
I agree with the fact that not many people know bitcoin, I am sure some ask what is even that? I did that when I was new to it
The only way I think to make more people know about it is, those millions of sites accepting only paypal as payment to also consider use of bitcoin.
The only way I think to make more people know about it is, those millions of sites accepting only paypal as payment to also consider use of bitcoin.
Don't worry about it, there is a rumor that paypal is already talking to coinbase and hired the CEO of xapo. So for sure those millions of third party sites are going to be forced to completely adopt bitcoins for their payment system. And I guess that is near to come maybe 2-5 years from now is the most possible timeline.
Probably it'll not happen. Because, most of the time, government will not allow to change their default currencies they'll face many problems. Still if it happened, sure you can buy anything with Bitcoin.
Maybe a country might not have to change their default currency for using bitcoin... As in if they use it for international trades to reduce taxes etc and in that way bitcoin would become international as well... But i doubt if the opposite country would also accept bitcoin as a payment for the trades...
I agree with the fact that not many people know bitcoin, I am sure some ask what is even that? I did that when I was new to it
The only way I think to make more people know about it is, those millions of sites accepting only paypal as payment to also consider use of bitcoin.
The only way I think to make more people know about it is, those millions of sites accepting only paypal as payment to also consider use of bitcoin.
bitcoin is already an international currency actully more of it it is a internet's/vertual currency which is lot more powerful yhat some game score or bank account balance bitcoin is being used in lot of countrys and if some prople think it is not a currency but a pithole then let them dream
There are more than 80% of the people online don't really knew about bitcoin though. all they know is paypal and the rest of the mode of payment. its still USD that is widely known ever. Bitcoin however is gradually getting attention even to the not so techie persons who just want to send money abroad. My fellow countrymen are already using BTc to send remittances.
One day we may be able to see BTC being recognized as international currency and may be even ETH.
bitcoin is already an international currency actully more of it it is a internet's/vertual currency which is lot more powerful yhat some game score or bank account balance bitcoin is being used in lot of countrys and if some prople think it is not a currency but a pithole then let them dream
The only thing we need to do is to create awareness among public on what is bitcoins and what benefits they can offer against fiat currency. Also we need to have support from business establishments as well. If they start offering some exclusive discounts, then we can see a surge in bitcoins usage. If bitcoins usage increases, governments will bow down to the said digital currency and within months, it is given an international currency recognition.
As per my perspective, BTC is already an international currency. By is not uses by many nations for trading. Instead, most are using USD.
As per my perspective, BTC is already an international currency. By is not uses by many nations for trading. Instead, most are using USD.
Probably it'll not happen. Because, most of the time, government will not allow to change their default currencies they'll face many problems. Still if it happened, sure you can buy anything with Bitcoin.
the day is not very far because more and more notion adoption is taking place and people are coming to know it's importance and advantages. So i think in very near future we could see bitcoin as international currency but I am also sure that if it us recognized as international currency then government will ban it in very short time because there is no rules and regulations in bitcoin and even no taxes also
I guess a country would probably consider these factors before adopting something, like the factor of tax or anonymity which bitcoin has, so if a government accepts it even after knowing these things they will have no reason for banning it later on.
The only real issue for me as to why it is not a universal currency is that its tied frequently to the USD and that is done for a lot of things but it would be nice to see some separation from it as well.
Its used everywhere,so it is global in my books,but you could argue the USD is also a global currency.
Its used everywhere,so it is global in my books,but you could argue the USD is also a global currency.
the day is not very far because more and more notion adoption is taking place and people are coming to know it's importance and advantages. So i think in very near future we could see bitcoin as international currency but I am also sure that if it us recognized as international currency then government will ban it in very short time because there is no rules and regulations in bitcoin and even no taxes also
I think bitcoin is already being international currency becouse bitcoin is used by people in different country. But if you mean is bitcoin accepted as international currency, I think you are right, and I am agree with you. It will happen in a short time. 
the day is not very far because more and more notion adoption is taking place and people are coming to know it's importance and advantages. So i think in very near future we could see bitcoin as international currency but I am also sure that if it us recognized as international currency then government will ban it in very short time because there is no rules and regulations in bitcoin and even no taxes also
That is certainly true, and I really wanted a bitcoin is going to be one currency that is used by many people in the world or even became the first currency in the world. But it's all also depends on user bitcoin bitcoin or growth, so if we want to get it all then we also have to fight in the growth of the bitcoin. The higher growth of the bitcoin then the higher the chance we get the profit
the day is not very far because more and more notion adoption is taking place and people are coming to know it's importance and advantages. So i think in very near future we could see bitcoin as international currency but I am also sure that if it us recognized as international currency then government will ban it in very short time because there is no rules and regulations in bitcoin and even no taxes also
Perhaps then when the world government is ruling the world or not at ever...
You don't feel that they are already ruling the entire world? And the implementation of bitcoin to use as international currency is already on the go.
Because a lot of merchants from different part of the world is already accepting bitcoins for their services and products.
So I can consider that we are already seeing it and being use as it.
No, actually I don't entirely feel it.
I don't know what you mean by 'them', I meant to say when that 'governance' is ready and set up and people accept it, then the Bitcoin (or an alt) may be seen as ratified international currency.
By now, the Bitcoin isn't controlled by any authority, but at the same time, it's regulated by everyone who uses it.
So I just think that when the time is ready and the World governance will be born and people accept it (by forcibly or not) the Bitcoin (regulated one) is an excellent trading method for use. Then when there is entity that rules and controls we might name it as an International currency
the day is not very far because more and more notion adoption is taking place and people are coming to know it's importance and advantages. So i think in very near future we could see bitcoin as international currency but I am also sure that if it us recognized as international currency then government will ban it in very short time because there is no rules and regulations in bitcoin and even no taxes also
It really depends on what do you mean by "international currency". It's already available all over the world if there's internet connection and there are local exchanges in most countries, so you can easily use it for transferring value fast and with low fees. On the other hand, if you mean that Bitcoin will be used between governments and big companies, probably not soon, maybe never.
The difference between gold and USD may explain it with more clarity like what is international currency and international medium of exchange.Even gold is being used as an universal medium of exchange, all the prices are being referenced in USD for quick understanding or for easily explaining the net-worth.
Even bitcoin is being used by all country people and being transferred across borders, considering bitcoin as an international currency might come into reality when we are using bitcoins for references for the any price.
I don't get what you mean but is isn't already a currency? just get an internet access and there you go, you have one.. then you have exchanges where you can get fiat if you want or vice versa.
It really depends on what do you mean by "international currency". It's already available all over the world if there's internet connection and there are local exchanges in most countries, so you can easily use it for transferring value fast and with low fees. On the other hand, if you mean that Bitcoin will be used between governments and big companies, probably not soon, maybe never.
As people are awarding of bitcoin & its potential.When we can see bitcoin as international currency? 
bitcoin is already a international currency but few of the countries havr banned it for nothing .but the bitcoin's official wallet is trying to give his bitcoin service to show the bitcoin trust and bitcoin legal work and its safety so for officially to be declare bitcoin as official it takes not more time .
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