What will happen if we use a one currency only?

[merlyn22]

[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.

    if we only have one currency for all country it will be no nation. the currency represent the nation of one country. and each currency has a story of every country that symbolizes history of the country...

[vinz7229]

Well if we have only one currency i think there is no trading currency online like this .. but it is impossible to happen you will never experience this kind of question. . better this thread is on off topic..

That's true, and currency is not just a currency it represents each country. And it also serve as an  identity of each country.  So I think this could not be happen cause the government would not allowed it.

[spyerf]

does not seem to matter what happens even if we use only one currency. Because in this country there are regulations that require us to use the currency that is legal by the bank. Even if we have a currency that comes from another country if used in the country must be in exchange first with the currency used by the country.

the use of one currency in each country makes it easy for users in every transaction, but the currency in each country has an identity of the country of origin and has a different value. This is what has emerged trading business in every currency.

[Vishnu.Reang]

This is a hypothetical question! I dont think this will ever happen because in a small class of 40 people we were not able to form a single uniform opinion then how can we expect 6 billion of the same to do the same! There will always be difference of opinion based on numerous reasons ranging from ancient heritage to proud of their national currency! Hence, it sounds ideal but it will never happen. Also, the exchanges employ a lot of people they will go out of work so we need the exchanges to employ people.

[abnoy]

i think if we use a one currency only it will be very easy access because we dont have to find money changer to use other currency

[danim1130]

for sure there will be so many corruption that will happen in that time.  for sure there so many people in power that are make threats about money and fighting each other for the place to handle the banks. money circulating it can be manipulated.

[Bacotan Bae]

I think this is a good idea, I hope someday or soon the world will soon have one currency so as to provide convenience to anyone and not limited to one or two currency.

[Kadal Ijo]

There are many things to unite the world in one currency and I think this will be a big problem in itself, it will be difficult to realize prosperity if the world embraces the one currency system and there are those who can control it fully.

[randal9]

There are many things to unite the world in one currency and I think this will be a big problem in itself, it will be difficult to realize prosperity if the world embraces the one currency system and there are those who can control it fully.

I completely agree...there are those things and questions that simply won't allow this to become a reality...it is not practical for the modern economy of the world

[elash]

[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 think the effect of this is the worker in abroad and in their own country will have the same amount of salary in the whole world  because we use one currency and if I know if they work in abroad  their salary will be converted in the currency in their own nation so it is higher when its converted to their currency so if we are going to use one currency everything is equal.

[djablom1]

There would be no point in trading and nothing will be worth people will be mad because the rich get more salary than the poor and people will be mad because they get the same amount of salary as everyone else.

[nidacoinlove]

There are many things to unite the world in one currency and I think this will be a big problem in itself, it will be difficult to realize prosperity if the world embraces the one currency system and there are those who can control it fully.

I completely agree...there are those things and questions that simply won't allow this to become a reality...it is not practical for the modern economy of the world

Yes this is how the world is looking into it, even in the crypto we have a lot of currencies. On a same platform we are not united not because we don't want to but because everyone has their own reasons to pick a currency. We actually don't go for the currency but the characteristics that it has are our main aim to get from it. Therefor I think it is not possible for all the people to use the same currencies. The requirements are different and so are the cultures, which can't allow you to be in the same bond.

[Kamote_1102]

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

[crocss]

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.

[_noname_]

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.

[sharm2121]

[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 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.

[NeverSop]

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.

[Alpinat]

[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.

[KluFf]

[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.
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.

[AjithBtc]

[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.

Agreed, an one currency usage will surely lead to an initiation of good relationship among the user community. But very few will agree to such a plan, because that will make third world countries get a status high as grown countries.