Why the world really needs virtual currencies

[ninis45]

one that makes us easy in transactions when a money can be made into a transaction tool received by the whole world and it can be applied to virtual money when many countries in the world receive it

[ChConcept]

I think the reason why we needed virtual currencies is because people wanted something free from red tape and corruption, free from the control of the government or established banks and giant corporations. We wanted something free from all of it, secured and transparent. We all found that in Bitcoin, the one that started it all. Then this awesome innovation just gave us a lot more than that, it gave a means of earning, platform to trading and investing for the future and a lot more that's why it has made itself a need for it.

[Situk brok]

Because right now this virtual currency is better known among people in all countries in this world and again this virtual currency is a currency that has long been used by people around the country even though the era is already a digital era now but the world must still use this virtual currency.

[suburban123]

The excessive income gap between the poor and the rich limits the growth of the economy. In simpler terms, the mechanism for allocating resources and benefits within society is very poor, and a small elite of the rich gets more than all the others. Of course, this problem can not be solved only by introducing new technologies, but the crypto currency market allows any active participant to be integrated into the resource allocation mechanism, allowing them to easily and quickly participate in any project or attract investments and supporters into their project, and tens of thousands of people can now earn remotely . That is, the problem can be solved not by the traditional method - to take away and divide, and to others - to give the opportunity to create a new one and make it work faster and better. Money is the blood of the economy, and crypto currencies are super-fast and smart money that can allow you to multiply the turnover of capital at low transaction costs.

[Anjing Lu]

The number of currencies certainly creates its own problems, and as we all know that people want solutions when transacting and not relying on a particular currency, it makes the world desperately needs virtual currencies.

[niz3r_nade]

please note that the current technology is very sophisticated, we can access the internet anywhere. As long as there is internet, virtual currency I sure need. because we know the current transactions can be through the internet.

[AntonGrishko]

First thing is decentralization then transaction speed and cost security and you can count as many items as you want. But these are my needs. I am sure there are more other causes to use crypto currencies.

[Cryptoproff]

The world is definitely evolving towards a much more advanced digital age but I think the road towards virtual currencies is still far away. Bitcoin has a long way to go before it can be a virtual currency to be used by the whole world.

[illnino]

Actually, Bitcoin technology is what is needed in the present and future
Bitcoin's opportunity in transactions is excellent, even exceeding the Bank's transfer capability.
I also agree if today many hackers around the world who want virtual money in the wallet.
We are overcome by worry and fear.
I hope all countries agree to use Bitcoin so that transactions with Bitcoin will get strict security from the government.

Not only Bitcoin. Ethereum platform will be widely used in future. Yes, today, you can participate in any ICO and invest in the projects your ETH, you can also get the profit with its Smart Contracts, and whatnot.

[SchiefelbeinBTC]

Decentralisation is something that has happened and therefore a secured currency.

[swallovwvile8]

When the whole world contents, like love and affection and all that are becoming virtual, so with those contrary virtual currencies should be there.

[neonshium]

The cryptocurrency is freed from the exploitation of the people by the bank of financial relations, and it is free from the government's indiscriminate use of money to cause inflation!

It is another great attempt of human society!

Encryption money is still young, and there are many shortcomings that need to be improved!

We need to believe that cryptocurrency and blockchain technology will change humans together!

If you look into the situations happened in the past with you or with others in your community many of the business persons would have faced losses and if transactions are of high amount then the one-third price would have taken by the banks as transaction cost. In order to get rid of such situations and to utilize your time then you must follow then virtual currency and especially the Bitcoin.

[kencot]

I think if the world wants to be more advanced then the world needs virtual currencies, because the basis of virtual currencies is the advanced technology that is blockchain technology. It should be for the world to take advantage of the advanced technology that already exists.

[PIR]

Well I guess the idea of security is one thing that keeps them in mind virtual currency became a thing that they would choose to invest and put their money in and in using it they feel more secure instead of bringing bulk or money which may endanger  their life for some robbers and thieves out there, also they can use it anywhere anytime and not to mention the fact that when they invest they will get profit.

[fullhdpixel]

Coupled with the way we're improving in technology and the likes, I think its a welcome idea that we can even transfer money without having to see it physically or expect to hold it physically

These technologies are really very convenient and they will be used in future everywhere. Thus, do not be in a hurry to get rid of the alts and Bitcoins. In this case, you'll be happy and have the better life.

It is absurd to deny this fact that virtual currencies are the future of world economy. Sooner or later every other country will be introducing their crypto currencies in the market. If we look at the advantages provided by crypto that are not enjoyed with paper money, they are too much to be enumerated here. We can make money, carry them anywhere, use them as investment etc.

[stammeramusing8]

Actually with everything, being digitalized, it has become essential to make up everything digital. And so is the case of virtual currencies.

[AAfunctionaluppityF]

The current economic system needs to more stability and in this case virtual currency is boss.

[bizarro]

Yes, I have heard many topics covering this, cryptocurencies indeed have many advantages, but also they have many things to be regulated.

[safarabela]

I came across an article this morning that, to me, really shows why the world needs a virtual currency. I'm from England, and there's a saying here that goes: "When America sneezes, the rest of the world catches a cold." The article discusses the history of the Asian Financial Crisis, and how we may be heading toward something similar.

It amazes me that we have a currency that can potentially protect us (working people) from global financial crises. This is unique and incredible time in history! 

https://www.rt.com/op-edge/398890-financial-crisis-asia-curency/

The virtual currency is the future and will be adopted by everyone. The virtual currency is not controlled by the government, only relying on the community behind it and the virtual currency is also potentially increasing higher so it can be made as a source of income.

[iliev41]

The current economic system needs to more stability and in this case virtual currency is boss.

The internet brought about the necessary disruption to democratize information and make it accessible to the common man. However, all of the world’s banks still follow archaic banking systems and methodologies that make transfer of value very expensive.The world needs virtual currencies and their technology.