The need for virtual currency can not be over emphasised but in at that bitcoin and virtual currency are two different things, the features of bitcoin is quite different from that of virtual currency and the both performe distinct function but closely interrelated. We need virtual currency to carry out our day to day activities in air local market and also need bitcoin to carry out some of our online transactions.
So it is very true that bitcoin can not replace virtual currency and at the same time bitcoin I needed to connect the world financial system together.
Topic: Why the world really needs virtual currencies - page 7. (Read 8411 times)
Because its way to secured and transactions wise faster than normal fiat currency formulation
Don’t deceive yourself, having a virtual currency doesn’t mean You’re safe from financial crisis or whatever it is you may think. Being way too secured and fast is not making any sense at all, and won’t make you any different from others. Fiat is what controls the world and if there is financial crisis, people will stop Investing on Cryptocurrencies and the price will run down seriously. 
Because if there is no virtual money, then we will miss the technology. With increasingly sophisticated technology and lots of trading applications that use payments with virtual money, this is the best option for the world to have virtual money.
The word needs virtual currencies because due to the technological advancements that have reached the levels beyond imagination, it is required for the payment methods to improve also. Therefore the world is in need of virtual currencies because they pride fastest and easy method of transacting money through wires in a matter of seconds without paying heavy fee or delay of time. Moreover, the digital currency value has increased to a level which would make the users belief as if the entire money market is now going to shift towards the crypto currencies.
I think the world needs Bitcoin due to the following reasons:
1) To facilitate cheaper trade and commerce without the fear of being robbed by banks of all profits that rightfully belongs to merchants.
2) To engage into business worldwide without having to comply with all legal requirements and papers that are so tedious and expensive.
3) To control ones money.
4) To ensure ones transactions are secured, and your identity is not put at stake or will be used against you in the long run.
The above enumeration is not exclusive. There may be other reasons behind the move to cryptocurrencies.
World is in the need of cryptocurrencies just because of all these reasons that have been mentioned in yours list. Adding some more to it, I want to say that cryptocurrencies have opened up the doors to entire new era of development and has provided a way of earning to thousand of the jobless people hence contributing as one of the largest factor behind reduction of unemployment.1) To facilitate cheaper trade and commerce without the fear of being robbed by banks of all profits that rightfully belongs to merchants.
2) To engage into business worldwide without having to comply with all legal requirements and papers that are so tedious and expensive.
3) To control ones money.
4) To ensure ones transactions are secured, and your identity is not put at stake or will be used against you in the long run.
The above enumeration is not exclusive. There may be other reasons behind the move to cryptocurrencies.
Moreover, the use of digital currencies has proved to be easiest way for cross border trading and money exchanges without any taxes and complete security and confidentiality of personal information of the holder.
Along with this, volatility decentralization. Secured and cheapest payment methods are some of the facts that add up to the favor of coins over fiats
Yes it is cheapest and secured method and that why government dont like anything from this they cannot control it and they cannon influence it.
We are in the maybe most advance technological era, and we are still afraid of some thing that might help us or easy us living.
I think the world needs Bitcoin due to the following reasons:
1) To facilitate cheaper trade and commerce without the fear of being robbed by banks of all profits that rightfully belongs to merchants.
2) To engage into business worldwide without having to comply with all legal requirements and papers that are so tedious and expensive.
3) To control ones money.
4) To ensure ones transactions are secured, and your identity is not put at stake or will be used against you in the long run.
The above enumeration is not exclusive. There may be other reasons behind the move to cryptocurrencies.
World is in the need of cryptocurrencies just because of all these reasons that have been mentioned in yours list. Adding some more to it, I want to say that cryptocurrencies have opened up the doors to entire new era of development and has provided a way of earning to thousand of the jobless people hence contributing as one of the largest factor behind reduction of unemployment.1) To facilitate cheaper trade and commerce without the fear of being robbed by banks of all profits that rightfully belongs to merchants.
2) To engage into business worldwide without having to comply with all legal requirements and papers that are so tedious and expensive.
3) To control ones money.
4) To ensure ones transactions are secured, and your identity is not put at stake or will be used against you in the long run.
The above enumeration is not exclusive. There may be other reasons behind the move to cryptocurrencies.
Moreover, the use of digital currencies has proved to be easiest way for cross border trading and money exchanges without any taxes and complete security and confidentiality of personal information of the holder.
Along with this, volatility decentralization. Secured and cheapest payment methods are some of the facts that add up to the favor of coins over fiats
The virtual world supersedes or replaces the present in some cases...therefore the virtual currency is one more stage of development...it is convenient, accessible and most likely it will progressively be used in the future
That’s the main reason that people need something extra from their money and all this is possible if they invest into the cryptocurrency as we all know that crypto has a capability to generate huge revenue from investment and so far bitcoin has given a lot to the people that’s why people are asking for this coin to rule the world currency throne and as now btc usage is legal among many regions this will bring change.It will be worth the same thing as that country’s main currency and is likely not to be filled with speculations and other bad stuffs like you will find in bitcoin, though the government will be playing some games in favor of themselves.
Bitcoin is being used by many businesses, both online and offline, and accepting it as a form of payment for their products and services.
The virtual world supersedes or replaces the present in some cases...therefore the virtual currency is one more stage of development...it is convenient, accessible and most likely it will progressively be used in the future
That’s the main reason that people need something extra from their money and all this is possible if they invest into the cryptocurrency as we all know that crypto has a capability to generate huge revenue from investment and so far bitcoin has given a lot to the people that’s why people are asking for this coin to rule the world currency throne and as now btc usage is legal among many regions this will bring change.It will be worth the same thing as that country’s main currency and is likely not to be filled with speculations and other bad stuffs like you will find in bitcoin, though the government will be playing some games in favor of themselves.
Because its way to secured and transactions wise faster than normal fiat currency formulation
The world enjoys it so much of it has a pc, meaning there is a high percentage of people in tecnelogi now very populeer online easier and safer. So all this takes a virtual currency, giving us the opportunity to feel safe and secure when making payments and other transactions.
I agree with your opinion, the world needs virtual money because of the increasingly sophisticated technology. The safe, cheap and fast transactions we need.
Virtual currencies helps to transfer money worldwide without the involvement of third parties or the banking system. Virtual currencies gives a sense of financial freedom to the user's unlike the central banking system, virtual currencies transactions are safer, secure, economical and transparent all the transactions are recorded in the public ledger called the block chain system everyone can keep a closer look on the ledger from any part of the world with the help of the internet. These virtual currencies can help to improve the living standard of the people thereby improving the economic standard of the world.
USD is dominating the whole world. Its in real terms a world currency, getting accepted, exchanged in any part of the world. So whenever change in price of USD takes place world reacts to it. Efforts has been made by many countries, European Union to create a strong alternative to USD but still $ is ruling. So cryptocurrencies get introduced. People got an option to trade without interference and influence of any government or institution. Trade of crypto/digital currencies needs laptops, smart phones etc which people already have. Use of these currencies is quiet easy and less expensive, less time consuming but most secured.
USD is dominating the world and is considered as the international currency in the world but still it can't rule in the world because there are many currencies in the world running along with it. Every country is having its own currency which is then the only currency used in that country. The world can't be run only with one type of currency and thus need several currencies, leading to the birth of digital currency.
We are now heading to more technological future and I think it's about time to adopt different technology that will surely helps people in their day to day transaction like crypto currencies...it is really a great idea that bitcoin is acceptable globally and that having it gives financial freedom to the users in addition bitcoin is very safe that you don't have to worry that your money can be steel by any one
Digital currencies are genuinely a true and authentic modern innovation. It's the future, as we advance
and further develop technologies, we adapt to it's culmination and success. Our lives have changed and
things have speed up. Everything is linked to the internet nowadays and we have bitcoin. Virtual currencies
are the precise tools we need to expand and flourish more. We need them because they offer efficient and
reliable means of transaction to keep up with the momentum.
Nowadays, world is becoming more digitalize and Virtual currenies are used to pay for digital goods and services at any online store
Virtual currency like bitcoin can be now spent at physical stores also. The factor that is differentiating virtual currencies from fiat is that these currencies are not backed by centre.
No limit restrictions, you can send, receive from any part of the world without going through any documentation process
The world really need virtual currency because we are in the digital age and all our transactions from payment, banking system and any other transaction is just a finger away in your laptop, phones and etc. this world also need a currency system that is decentralized, why because world economy is controlled only by an economic giant countries in which their currency is very powerful and only few had control our world economy. Virtual currency like bitcoin can be now spent at physical stores also. The factor that is differentiating virtual currencies from fiat is that these currencies are not backed by centre.
No limit restrictions, you can send, receive from any part of the world without going through any documentation process
The world really needs virtual currencies especially Bitcoin to help liberate the global economy from the dominant currency, the Dollar. It is already a known fact that transactions using bitcoin is faster, cheap, safe and devoid of bottlenecks. It is also transparent but all that is needed now is a more serious structure and perhaps a conventional regulation.
I came across an article this morning that, to me, really shows why the world needs a virtual currency. I'm from England, and there's a saying here that goes: "When America sneezes, the rest of the world catches a cold." The article discusses the history of the Asian Financial Crisis, and how we may be heading toward something similar.
It amazes me that we have a currency that can potentially protect us (working people) from global financial crises. This is unique and incredible time in history!
https://www.rt.com/op-edge/398890-financial-crisis-asia-curency/
I think one of the main reason why the world needs a virtual currency is for unity and ease. As we use a single currency in the future, the more the chances that everyone will be united. Also, bitcoin is a global currency meaning it can be used by anyone wherein the transactions from different parts of the world will be made more easier than ever. Another thing is we are aready in the digital age so the currency should also be innovated together with the changes in the world.It amazes me that we have a currency that can potentially protect us (working people) from global financial crises. This is unique and incredible time in history!
https://www.rt.com/op-edge/398890-financial-crisis-asia-curency/
Nowadays, world is becoming more digitalize and Virtual currenies are used to pay for digital goods and services at any online store
Virtual currency like bitcoin can be now spent at physical stores also. The factor that is differentiating virtual currencies from fiat is that these currencies are not backed by centre.
No limit restrictions, you can send, receive from any part of the world without going through any documentation process
Virtual currency like bitcoin can be now spent at physical stores also. The factor that is differentiating virtual currencies from fiat is that these currencies are not backed by centre.
No limit restrictions, you can send, receive from any part of the world without going through any documentation process
I think cash is very old. He needs rest. And virtual currency world is coming..
I think it is because that now the world has changed, it is modern time and now world can't be run with one type of currency now. Online shopping and payments can be done easily with digital currency while in daily life paper money plays a vital role. Both have their own use in their field and they perform their best in their job. One can't get the place of other, there must be several type of currencies to run the world. 
There are too many. First thing is decentralization then transaction speed and cost security and you can count as many items as you want. But these are my needs.
I am sure there are more other causes to use crypto currencies.
I am sure there are more other causes to use crypto currencies.
Indeed, if I agree because in the presence of virtual currency can protect ourselves from the global currency crisis, we do not need to question the world's finances because in this virtual currency, chances are we will not see the impact of it earlier, this is according to the observation I personally
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