What will happen if we use a one currency only?

[cybersofts]

[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.

A single global currency would help unite the world and the smaller economies to compete with with big ones. The global currency would help in so many different ways from buying and selling things to transferring money from one point to another. The bitcoin got a lot of value today because there are many businessmen and traders that are using it as a global currency since it is acceptable all over the world.

[Stradivarioos]

Well, especially not that - just if you look at the whole world tied to the dollar, and in fact uses this currency. In the world of crypto currency is a slightly different situation, but nevertheless it seems to me that nothing bad will happen.

[ohkkstaaahp]

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  

Well, if we really only use one currency it would be great if we travel in many places where only one currency is needed to pay for all other costs, and when Using a currency will limit the risk of currency fluctuations

[Majharul Saiif]

Just imagine, one government in one country is done anything but one is missing in this country's people.There will no competition here.I think that it look like a empty playground where anyone can play.

[sheryl26]

[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 you are pertaining into one currency as the official currency and not the digital currency that is impossible to happen because it need to have a one main source and how about the taxes that the government receives it is hard to divide it all around the world so it is impossible it will be chaos. But if you are pertaining into cryptocurrency, it is possible though but the thing is the value of that will be so much bigger because of the supply and demand and i think that currency will be lacking of coins when that happens because they are nor unlimited

[reymartH]

Common currency means a common economic policy, which is turning out to be impossible. The world’s other currencies have pretty much reflected their national economic policies — chiefly, how they choose to manage their money supply and their trade.

[cryptokitty]

It is a very difficult to have one currency because we do have a different rate in terms of currency.  But there are also some advantages for that like for instance we can directly pay and transact from one country to the other.

[nikenv2212]

I think the advantage of using one global currency only when we travel to other countries, so we are no longer in trouble with the business of exchanging our money with the country's money. but with many losses by using one global currency, developed countries will benefit heavily because there will be no risk of currency in the international trade arena, the loss of a country's sovereignty to independently regulate its monetary conditions, etc.

[ongels]

 I can't imagine the impact of our economy when we have one monetary to use, there will be an advantages and disadvantages arise like direct payment. There's no need to convert our money to other currency when we travel abroad. This is cool,however this is also a big threat to country's sovereignty, Our freedom

[joan26]

If there is only one currency, than it had to bear the burden of many under-developed economies. Hence, the value of that currency would be highly undermined in terms of the performance of those economies which are struggling hard to maintain their status while the same value will be highly overestimated in case of those governments who are just sitting on the couch to gain their salary.

[Ravenangel]

If we all use one currency maybe less confusion on trading since there will be one standard for all the prices but there it is not fair to big and small country because it will be advantage or disadvantage to them.

[spiderm4n15]

in the future paper money using will be reduced, and digital money or cryptocurrentcy will
be growing rapidly, every nation will used one currency for payment transaction

[akiraminai]

I can't see that the wold will use only one currency. It's like being a president, you have what it takes "alone". And I know some people will disagree and wants to be like that way usually. And if that will happen, I think it would be chaotic. Imagine one cryptocurrency all over the world ? that means merging all who holds that type of cryptocurrency and maybe some will plot bad things. That type of cryptocurrency will be over populated

[cizatext]

[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 see bitcoin as the world currency and that is a great dream to me, it will make the world so universal and strong but in as much as making bitcoin a global currency will bring close financial tie's among nations of the world it will still be faced with a lot of problems such as the technological inability of most of the undeveloped countries of the world where the is no electricity and technology that will support online transactions such as bitcoin and other digital currency whose life depends on modern technology. So it will take a long time before that can be achieved.

[MAJICOIN]

A lay man can use only one currency otherwise the people who do businesses and other activities they must need the other currencies if they do the business of import and export then they have to use many other currencies thus i have need the dollars every where the dollar is used for universal payments and now the digital mode of payment is through the bitcoin it is not good to have only one currency.

[candra raditya]

[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 is not possible if all countries use one currency, many countries will reject it. Each country has its own currency to facilitate transactions, and if using one currency globally it will create chaos in a country's economy.

[@minajeryll]

[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.

Actually, it is possible. But every country won't make it possible. What will just happen to all countries who are in the bottom in terms of wealth. Some of them are relying in other countries. For example, 1 USD is a big amount to a certain country when you convert it into their currency. So I think they will not make it possible, unless they will make solution.

[jonatuzc]

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.

I must say that the usage of one currency and that too across the entire globe will really prove out to be the most beneficial thing for all those who are living in this world.

This will remove the need of having multiple currencies especially for the ones who are busy travelling around the world most of the times. This wills also help all the countries to trade independently without paying in other currencies.

[Xising]

[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 it would be more organized since we are sharing the same value and amount of everything all over the world. Still, there is also a possibility that it would be kind of unorganized since the value of everything will adjust to the same currency and not all resources are found in every country. So, there must be balance.

[Shanmatthew]

[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.

 no.i dont want to happen this question in real world.because if they happen that we use only one currency it can affect for all nations economic.every nation have different rules on their government.and it gives a big problem if that happen soon.many investment,realstates.bankings etc.are close.so that the big problem.