What will happen if we use a one currency only?

[usorin]

even if, let's say in the entire world there will be only one currency, the value of it won't be the same everywhere because we have to look at the national economy so, even if the currency has a certain value, in some countries you can buy more, in other less things.

[1715620466]

1715620466

[1715620466]

1715620466

[1715620466]

1715620466

[1715620466]

1715620466

[julzcoinbit]

even if, let's say in the entire world there will be only one currency, the value of it won't be the same everywhere because we have to look at the national economy so, even if the currency has a certain value, in some countries you can buy more, in other less things.

If there is only one currency, there will not be any international payment problem. Different countries  currency will be the same currency of the US and complications related to exchange rate will be avoided. Still the expansion of trade depends upon trade policies (tariff etc) of countries. And all people will be connected to each other through that currency.

[K0korap]

Currency is an image of the value of the resources of a country. if we will have a a single currency, there will be a more open flow of resources from one country to another.

[Sirait]

[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.

Of course, this would be great if the world had only one currency, just imagine the price of oil in China and America alike, followed by the same price in every other area in this world ...

[Granxis]

[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.

It will be good, it will give more difficulties to any government to influence another country's economy. The economy system will be fair for any countries.

I think it would turn into chaos if one currency would dominate the whole world because we are not as one country or a whole part of continent. My point of view is there will be fevorable parties might be happened it will turn to scarcity in a poor country, and only country would take over all there wealth.

There is no reason to be chaos, for example, how good the world would be if you speak a single language. For this reason, multiple concepts must conflict with one another in order to be chaos. Every single thing is nice.

[moonfrost21]

I think this will only happen if the world is controlled by only 1 government. With our current situation, having one currency is really impossible. Each country has a currency that is regulated not only by a central or federal bank but the government is also involved. Each government has different laws on how to regulate the market in which currency is being used.
To wrap it up, if there is only one currency that means the world will only have one government.

[Morgann]

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  

i agree some currnecy can be used as a currency just like our traditional currency. they cannot replace the digital coin to our traditional coin.

[SkyFlakes]

[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.

Well this make sense. If this world has only one currency , probably we can be inline for those economically upright countries who set standard for community, there would be no Third world country, the goods from abroad will be affordable cause you are sgaring the same currency, this will make poverty non-existent.

[jabfly]

Well, that would really mean equally in everything. The price rates are the same and it'll be an easier economy to thrive and dwell in. That would be amazing.

[Aljohn08]

If this will happen there are many problems will come like delay in transaction ( unconfirmed transaction will increased up to 1 million ) there will be a competition between other country like in the movie in hunger games .. This is imposible to happen and for sure the prrice will not increase like today because of the cifculation of coins

[bosede1]

Nothing bad is going to happen, a currency being used in the whole wide world is going to solve many of our economic problem that we are facing in different countries such has exchange rate, balance of trade problem and terms of trade difficulties. It would be good if it will be accomplished

[newbie-hero]

The use of one currency will not bring any changes in people's lives. It's just that the rich will have even more of this new currency, and the poor will also work hard and receive very little money. 

[trauchot]

I thinking it would be very convenient, because if you want go in another country or you just want to buy another currency, you have to spend too much time for trying to find where to make exchange. And if the whole world would used one currency, it would not be necessary for making currency exchange, because always loosing money from exchange course and it is often possible to meet difficulties with currency exchanges.

[_Mikasa_]

I think its impossible to happen. Currency in every country symbolizes the value of their individual economies.

[Snub]

This will never happen, governments won't agree with this. Each country has its own economy, so one currency can destroy the entire economy of the world. It's just a dream that never happens. But there is an example when it is real - the European Union, more than 20 countries

[MinMan]

The use of one currency will not bring any changes in people's lives. It's just that the rich will have even more of this new currency, and the poor will also work hard and receive very little money. 

The main thing is to choose the currency that will be used by everyone and there will be no objection by either of the sides on it and the most suitable one is bitcoin it is crystal clear and all these concerns will be sorted out which are discussed above and more of it bitcoin will be neutral to every region and that’s the best thing and there will be no tug of war and all the economies of world will be depending on others.

[nemesis_]

If there is only one currency, it will be difficult to control as it will be greatly affected by the under developed economies worldwide. The value of currency the world will be using would be highly undetermined when it comes to the performance of those countries with struggling economy. Furthermore, it will be harmful for the markets. It will also nullify the need of financial sector employees and would be resulting to huge unemployment rate.

[CreatePrivateServer]

No Foreign Exchange Fees haha.

[altcointalk14]

No Foreign Exchange Fees haha.

Actually cryptocurrencies don't have something like foreign exchange fees, just because they are global.
Bitcoin is already givig us opportunity to use one currency in the range of community. Every day Bitcoin community is bigger and bigger, so we are closer to use Bitcoin as one global currency.

[alfs75]

[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 thinks,this should not been really works of being one currency in the whole world because we have a  differerent dialect,culture,and most of all we have a different religion and beliefs,thats why this idea is woild not happening of being one currency,even in religion people wil fight each other to defend his faith,same also in  currency,every nation make there own to have there called a capital,but in the world of digital  currency,maybe someday we unite as one currency and that is a bitcoin.