Bitcoin world currency

[Phildo]

not only in one country but the entire wold?

whether it's online or directly, we can use it worldwide, but again the problem is the limitation of sellers who receive payments through Bitcoin.

[Kompodd]

Unfortunately, we can not use bitcoin to buy goods in all countries, as in some countries it is simply banned, and in many countries there is no way to make purchases with it.

[Memek Gatel]

bitcoin can not be said world currency because there are still few people who use, compare with USD or EURO, USD daily transactions are very large and reach hundreds of billions every day while bitcoin may be new millions.

[Gotottack]

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

Given the era that is widely focused on electronics, I think it  is possible to use Bitcoins in buying and/or selling all commodities worldwide to facilitate trade and commerce. Although this sure poses a real threat to all respective currencies, and by the latter, I meant currencies that are regulated by central banks, this phenomena cannot stop the growth of cryptocurrencies especially so that it promotes easy access to all supplies worldwide. Through this, there is a huge possibility that prices of commodities will drop because it effectively cuts the chain of multifarous supply chain.

[jatin729]

Yes bitcoin can be world currency but there should be room for improvement also.
I think Ecommerce websites' think about to accept bitcoin as payment but they are affraid from the price of bitcoin as we seen price is not stable sometimes it rise or fall.

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

I think there could minor effect on economy

[valisa]

for now only as a country that receives payments using bitcoin, but every year more and more countries are legalizing bitcoin, I still have not tried to buy something using bitcoin, usually I use bitcoin just for trade and investment.

[sukamasoto]

It's just make easier for people to do transaction using bitcoin. As long as government still not legalize bitcoin, it won't affect anything but the story is different if government already legalized for example Japan.
I'm sure there will be more revenue for that country especially when they charging tax for bitcoin transaction

[deadthings]

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

There is no rush to this thought, but it is possible in the distant future because the current development of knowledge about this currency and its increase in value give it a basis.

[UzumakiSakuragi]

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

I think it would be better if we could use bitcoin in buying basic commodities, it would just be easier nit carrying money around, you won't get worried by it getting lost or dropping your money or maybe some pick pocket will get it. You can just have your phone and pay the items by scanning or clicking. It would be much easier, safer and better.

[hurain]

I doubt that it will be ever possible to buy all commodities in the entire world, because I doubt that bitcoin will ever become a world currency. Until today I am not aware that bitcoin is the official currency in any country and in my opinion it's also not necessary that a government will declare it as the official currency of that country.

We people can already use bitcoin almost worldwide and we users don't need the intervention of governments to continue doing so.

Although people are using bitcoin throughout the world, but still i think it is too much important that government should turn bitcoin as legal currency, because if once bitcoin will become as legal currency then more and more shopkeeper and even government departments will start accepting bitcoin,. then we will become able to use bitcoin for everything we want and there will no restriction over it.

[_Dawid_]

In my opinion Bitcoin would be better coin as a storage value something like a gold but in the crypto world.
But using bitcoin  in all commodities in the entire world is obviously possible. There is every indication that world go in this direction because Bitcoin gains popularity and more and more retailers start using bitcoins. But the affect on economy is still a little mystery.

[Lpim01]

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

There is no rush to this thought, but it is possible in the distant future because the current development of knowledge about this currency and its increase in value give it a basis.

Bitcoin is going on that way, it only takes time for that to happen. Once bitcoin become fully establish in the worldwide and even in the poor countries, it will have a big possibilities. Bitcoin is going great and it become stronger after those attacks happens last month. This is a good indication that it will survive and stand for any crisis happen in the future as it continue for a long journey.

[rhodelmabanal]

We can buy through online internet and join online games. This is what people are doing today instead of going outside and buy some foods we can charge it to bitcoins because it is also a currency but not the the world using in to it.

[MommyElsa]

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

Using bitcoin all over the world is very impossible and very difficult to implement. All users should have access in btc, everybody should have internet and smartphone to use it. What about other people that cannot afford to have it.

[dameh2100]

it's possible but not yet, maybe bitcoin will be far ahead to reach this world currency. In the present time not all people know this bitcoin, not everyone has internet connection, and Also include here the slow connections of other countries. But if it's going to be a world currency, we're definitely the first to get rich.

[sumanto]

of course very, bitcoin can to buy anything, I heard in china already validate the purchase of goods by using bitcoin payment.

[logicgate]

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

It is going to be very difficult for bitcoin to reach that level of adoption, but if it came to that point I think bitcoin will be able to help the world by having a common currency between buyers and sellers all around the world, this will create less friction in the economy, and a lot less money is going to be lost when you exchange currencies.

in fact, it is still very difficult for bitcoin to reach that level. because, in it there are still many comments that do not fit with the thinking of people. either because it makes the workforce little or no. but there are still some countries that do not recognize bitcoin as a currency

I don’t think so it is difficult at all. Bitcoin is already been used as international currency by people. So many people are making international transactions by using bitcoin since the speed of transactions is damn faster. Bitcoin in the coming years will be made legal throughout the world and I strongly believe that in the next decade, bitcoin will be the only sole currency of the global village.


 

[Zenithar]

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

Long long time to see these things coming in application. Government intervention and high network fees are some more obstructions is success. We can say it the virtual world currency but its difficult to say that it would become a real world currency accepted unanimously.

As in the statement above bitcoin being a world currency won't happen in the short. This happens with Time and as a part now the usage of bitcoin as a currency keep on increasing. At present it's purely an world currency, because of the varied features from the traditional fiat.

Bitcoin is already a world currency at the moment. People are frequently using bitcoin for international transactions, moreover bitcoin is legal in many of the developed countries. So I don’t see any point in not treating bitcoin as world currency. If you want bitcoin to be legalized around the globe, definitely this is going to take some time because some countries are still afraid of bitcoin.

Bitcoin is world currency in the sense, that bitcoin users are present throughout the world. In fact bitcoin is more pupular in such countries where they have more facilities of using internet and can afford to use bitcoin for online shopping and online business. Bitcoin users are more active in developed countires as they have more facilities to use bitcoin for different purposes  as compare to backward countries.

Yes of course but not in the present day. After some time and I am sure in the near future bitcoin will be the world currency. Everything is going to change and the physical existence is disappearing then why not the currency? One day we will see that all the other currencies of the world fiat or paper currency has of no or less value and bitcoin is the mainstream. Just wait for some time.

[rocketbits]

Unfortunately, we can not use bitcoin to buy goods in all countries, as in some countries it is simply banned, and in many countries there is no way to make purchases with it.

Those who banned bitcoin in their region will lag and no other country will make any business deal with them as bitcoin become the world currency and on top of it the regions who banned it will remove ban because who world will be going to accept it and bitcoin will be ruling coin of world and one or two countries cannot do anything against united countries,

[tbterryboy]

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

Long long time to see these things coming in application. Government intervention and high network fees are some more obstructions is success. We can say it the virtual world currency but its difficult to say that it would become a real world currency accepted unanimously.

As in the statement above bitcoin being a world currency won't happen in the short. This happens with Time and as a part now the usage of bitcoin as a currency keep on increasing. At present it's purely an world currency, because of the varied features from the traditional fiat.

Bitcoin is already a world currency at the moment. People are frequently using bitcoin for international transactions, moreover bitcoin is legal in many of the developed countries. So I don’t see any point in not treating bitcoin as world currency. If you want bitcoin to be legalized around the globe, definitely this is going to take some time because some countries are still afraid of bitcoin.

Bitcoin is world currency in the sense, that bitcoin users are present throughout the world. In fact bitcoin is more pupular in such countries where they have more facilities of using internet and can afford to use bitcoin for online shopping and online business. Bitcoin users are more active in developed countires as they have more facilities to use bitcoin for different purposes  as compare to backward countries.

Bitcoin is no doubt the best thing in the world and it has so many advantages that one cannot even think of. Bitcoin has very much potential of becoming the world currency but this will take enough time to happen. It is in fact not an easy task to do. There will be so many hurdles in the way of bitcoin. Still, you can always hope for the best and this is what I believe.