Crypto Become Universal Money?

[lxiaoh]

The only possibility is there just one country on earth, in addition to this, crypto no way to become Universal Money. Let us face it the reality, most of countries forbid crypto now, the road of Universal Money ahead is full of thorns.Although i don not think crypto could become Universal Money, but i turely really wish it could.

[Docbee]

if all countries accept the crypto I think it's impossible because each country has a legal basis legislation in different laws currencies that do not can be changed for the money eyes cryptocurrency could be the currency of all the countries I think is very difficult because there are many countries who see illegal cryptocurrency and unbelievably risky to be made tool payment for buying and selling value very quickly down and quickly rose so quickly.

I don't agree with the word impossible you have put.  In science and technology, we are always being careful to use the word 'impossible'. It may not be possible now, but we can't rule out the possibility later.  If we flash back to around 5 years later now, there has been increase in the number of countries trying to adjust their policies in order to incorporate crypto.  So it's very much possible later in life that crypto becomes global currency.

[iTradeChips]

I can only imagine some island in the Caribbean adopting this currency. And this island is something of a utopia for technological advancements and advanced civic and social features. But of course this kind of utopian vision is difficult to undergo and develop since you need to overcome many current socio-economic "hurdles" to easily adopt cryptocurrencies as a medium of exchange. We still have a long way to go before it becomes a reality.

[robattfield]

Too hard for it to happen, because not all countries favor crypto, many countries around the world have banned crypto because they fear it will affect their country's economy. surname. But some countries support crypto and are working to create their own cryptocurrency

[alisonwonder]

Too hard for it to happen, because not all countries favor crypto, many countries around the world have banned crypto because they fear it will affect their country's economy. surname. But some countries support crypto and are working to create their own cryptocurrency

unfortunately what makes cryptocurrency banned in some countries is because there are many cases of theft and cases of scam created from their country so that the country prohibits the use of cryptocurrency so it can be concluded that what you do will return to the good name of your country, make cryptocurrency a currency that is the best and as much as possible avoid a scam or try to do a scam so that the name cryptocurrency will be good again and many countries will give permission to use cryptocurrency again.

[masterrex]

It is possible that  someday all country accept Crypto Currency and it will become Universal Money?

Because I am a positive thinker I think its highly possible, because cryptocurrency is a high technology-based digital asset or currency and because our time now is too much relying on technological help it would be easy for the general population to use it as the established technology base asset or money if that time will arrive I'm sure that using cryptocurrency for everything we need will be as easy as counting.

[Eugenar]

Still sketchy at this moment. Cryptos are still now widely accepted to majority of countries. Although it is neutral, meaning not illegal, the support is not there. Cryptos are still facing issues in the eyes of the governments so maybe there will be decades before this scenario happen. At this moment, I do see it more for both cryptos and fiat to coexist and not mainly cryptos alone. But who knows, since the development regarding technology is becoming faster, cryptos has a huge spotlight among other digital currencies.

It is possible that  someday all country accept Crypto Currency and it will become Universal Money?

Because I am a positive thinker I think its highly possible, because cryptocurrency is a high technology-based digital asset or currency and because our time now is too much relying on technological help it would be easy for the general population to use it as the established technology base asset or money if that time will arrive I'm sure that using cryptocurrency for everything we need will be as easy as counting.

The problem it would encounter in my opinion is the existence of other digital currencies. There are many fiat based digital currencies which are supported by many countries. Ofcourse, in our point of view cryptos has advantages so let us hope others would also appreciate this technology.

[pedrog]

IMF thinks so:

https://twitter.com/IMFNews/status/1297640002604527621