Cryptocurrency

[Tungsten-1]

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

Yes it might be happen but in some cases other countries do not offer a Cryptocurrencies or some are banned due to lacks of support or they are not trust Cryptocurrencies as basis for transaction. As an advice, it is better to stay safe in the country that are legally offer a Cryptocurrencies for you to have a good investment and far from penalties.

We need cryptocurrencies and its functions are necessary for our lives as we know that the banking system is not more public friendly but the Bitcoin and other cryptocurrencies are public friendly proving its need as it make transactions for us within seconds and our receiver receives amount in no time wherever he is in the world. The market of these currencies is improving with the passage of time and it gives you a lot of benefits once you enter into the markets.

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[codegnome]

I don't think it's possible. We have normal currency and it will stay with us. Cryptocurrency is a "digital" money and it will be always.

[Ikay]

It would as you can see in any aspects crypto currency are spreading worldwide many people use it as a main transaction therefore it could be use after several years because many people interested and want it as a main money can use.

[mrs_bitcoin]

Of course, this is possible, since the crypto-currency can fulfill all the tasks that are currently performed by fiat money. But the crypto currency is much more adaptive and has no limits to its application.

[angrynerd88]

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

Yes,Bitcoin can be global currency in future sooner or later.Currently Bitcoin in many countries considered as illegal tender but one day government will realize that Bitcoin is need of current era and according to need of common people Bitcoin will legal and will be massively used overall the globe.
There are many coin in crypto world but Bitcoin have potential to meet the needs of world and overcome the fiat money.

[etron]

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

yes it is true that bitcoin is currently used as a medium of exchange as some market markets and coffee shops already accept payments using bitcoin, but the government has not yet certified that this bitcoin is officially converted into exchange rates and only a small percentage of countries allow bitcoin as a value exchange.

[pantheraio]

Precisely that is the main purpose of cryptocurrency that is as a means of payment every transaction that exists in this world. So I think it could be if cryptocurrency becomes a universal exchange tool in the future.

[okissabam]

Yes it could be if it would be put into good use and if it still succeed in the many years to come. Eventually it can be a universal means of exchange and of course would be used as a means of payment through the digital world. And we all know people mostly rely now on the internet, even prefer to do online jobs than really getting a real work job in an office.

[aziie110]

I think if Bitcoin pass the legal tender and get a great value in the market with a huge capitalization than there are so many chances for other cryptocurrencies that they will get the legalization and give you a well reputation if it will become legal.

[esatceza]

I think in the future surely electronic money will be used as the primary payment method and gradually replacing cash. However, at the present time it is not accepted by many governments and appears to be using it illegally. Besides, it is quite used for payment, it is used to trade and buy more

[Ctn]

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

Nope. It does not have that kind of characteristic which it should have if it has to be global legal tender. Plus being decentralised it breaks all the rules of government and regulatory bodies by not working within single perimeter. It works over public ledger so its difficult to regulate it. If you try to regulate it then it can no longer be the same as you see it today. In addition to this if you see the prices then they are always fluctuating one and there is no way to stabilise them and thus its almost impossible to use it for daily life and may not be accepted as it is for global use.

[AMLMPS]

I don't think that cryptocurrency can be a legal tender. It can be a alternate currency that people could use to buy things online.

[Lorin]

Maybe it can be but before it happen a lot of rules will be proven specially the government whose the number one that against bitcoin. We never tell when will that happen but one thing for sure crypto is a  big help for everyone.

[feverpitch]

In my opinion, electronic money is a kind of engine of progress and in the future can compete with a paper analogue and become a universal payment tool that allows you to make any financial transactions.

[Dimon888]

I think in the near future this will not happen. Money is controlled by the state. A crypto currency is very difficult to control. Just one currency can not be for all countries in the world.

[Idrisu]

Cryptocurrencies is going to be the future of our financial system and we should expect bitcoin to be the major determiner of the future' monentry policies.  The market is bright and I think people will should start using bitcoin to do offline's transactions. Cryptocurrencies been  use internationally will reduce inflation and others financial issues.

[owmivmen]

There are already implement in some countries such as Japan but not maximal because fiat is still used to transact. possibly in the future crypto will be used as a legitimate currency.

[bowals]

we are almost there, let the air of uncertainty clear and the sky would just be the beginning

[celakkenyang]

I think it is very difficult. every country has its own rules and currencies. already set in law to use the currency of the country to make transactions. bitcoin is only used as an investment only.

[chrisculanag]

I think he can be like fiat, but he can not change the fiat because fiat is a lot of use not like cryptocurrency. And remember some other countries has low in internet connection that need to transact in cryptocurrency . Means fiat money is very useful in many aspect than crypto that you need connectivity to transact.