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Author Topic: Cryptocurrency  (Read 3218 times)
EmJay
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August 19, 2018, 12:34:45 PM
 #361

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

It can be but I think it should take a plenty of time. As of now I can't see it will be happening soon. As some countries are bot supporting cryptocurrency .

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babarian
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August 19, 2018, 12:53:12 PM
 #362

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
Of course, crypto currencies can be a universal currency, with crypto currencies being accepted by all countries in the world,
but I am not sure if crypto currencies can be physical currencies because it will not be better than the existing FIAT currency.
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August 19, 2018, 01:04:58 PM
 #363

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

Possibly, there are some countries in the world accept bitcoin as a payment and they prefer the idea of safe, secure and can't traceable money. But to make it work in the whole world there are still efforts tk be made.
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August 19, 2018, 01:08:16 PM
 #364

Yes, it can be a universal mean of exchange. Why not, no country benefit from it, however, I think that we need something more straightforward, something stable and predictable - that are the essential features of a universal mean of payment.
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August 19, 2018, 01:13:08 PM
 #365

Cryptoncurrency Strengthens the economy. This is a good investment for a country.
                            If everyone in the world deals with Crypto, they will have a great success. Cryptoncurrency is already trading in countries. But some countries do not use Cryptoncurrency. That money is risky. But accepting the benefits through Cryptoncurrency is a good way to progress as a country.
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August 19, 2018, 01:32:40 PM
 #366

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
In fact, cryptocurrencies can be our currency but not global currency and as of now dollar is still our global currency. I think there is still a possibility that cryptocurrency will become one of our world currency which can accepted in all countries. We must believe on cryptocurrencies and I think the blockchain technology will help us to develop the cryptocurrencies so that it can become real currency.




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August 19, 2018, 01:34:35 PM
 #367

crypto is a digital currency designed to act as a means of exchange. It uses encryption to secure and verify transactions as well as control the creation of new units of a particular cryptocurrency.
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August 19, 2018, 01:40:20 PM
 #368

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
Cryptocurriencies It is the electronic currency  that we can use for everything  cashless we can use for the mode of payment  sending receiving and everything

I think the future of cryptocurrency will become a global payment exchange and a substitute for cash, but to do that cryptocurrency must be managed by governments.

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August 20, 2018, 03:38:06 AM
 #369

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
Cryptocurriencies It is the electronic currency  that we can use for everything  cashless we can use for the mode of payment  sending receiving and everything

I think the future of cryptocurrency will become a global payment exchange and a substitute for cash, but to do that cryptocurrency must be managed by governments.

I think there will be coins that can be a bridge between cryptocurrency and the governments and this coin is managed by the government itself but this coin is related with the other coins especially with bitcoin. I hope that we don't have to wait for a long time to see this is happening and soon, we can use cryptocurrency to pay something or our daily needs. I think by using cryptocurrency people don't have to carry cash or any other cards and the best is people don't have to pay the tax like what we use the cards.

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August 20, 2018, 03:43:53 AM
 #370

For me yes it will become globally. Let us wait a few years from now and i am pretty sure that crypto will become more popular than its popularity today's. People love the way of crypto as it is use easily, fast and maybe we can include the more security than fiat. Global effect of cryptocurrency can be watch more years from now.
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August 20, 2018, 04:01:14 AM
 #371

If that happens its a long way to go, we know that crypto is a electronic currency that used for different online businesses.
Physical money  maybe it cant replace by  crypto because it is where people used at first but crypto can be use in other ways  and  also gather its popularity to tje society where lot of people engage  on it.
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August 20, 2018, 04:24:21 AM
 #372

Cryptocurrency is a digital currency, according to statistics, the amount of cryptocurrency has a lot of coin has more than 1200 coin types and this number will tend to increase over time to meet the investment needs of investors.
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August 20, 2018, 04:38:47 AM
 #373

Cryptocurrency is a digital currency, according to statistics, the amount of cryptocurrency has a lot of coin has more than 1200 coin types and this number will tend to increase over time to meet the investment needs of investors.
right, let alone get support from the governments of various countries, certainly will tighten competition. and for those who do not get a place in the hearts of investors and traders, the coin will be automatically eliminated

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August 20, 2018, 01:10:11 PM
 #374

It will take some time for someone to guess about it and do it properly.
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August 20, 2018, 01:45:09 PM
 #375

Cryptocurrency has become a well-known global phenomenon. Although there are still many people, banks, governments do not understand and do not accept there are many different cryptocurrency
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August 20, 2018, 02:22:51 PM
 #376

One of the main purpose of crypto is to have easy and hassele free access to different things, for example you want to buy gadgets and other things but you do not what to experience the traffic outside if you are about to go shop in a certain mall.Crypto may do, no hassele for us consumers. Virtual money is the new thing and one of the best ideas of man.
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August 20, 2018, 04:05:21 PM
 #377

In future, there will not traditional currencies, will be only crypto
You are mistaken. There are too many places in the world where the Internet cannot be used ever. People living there will never have any chances to deal with the crypto.
That is the biggest limitation of cryptocurrencies, some are proposing the creation of physical cryptocurrencies in order to overcome that limitation but I am not really sure that is going to work, it is better to accept the limitations of cryptocurrencies and deal with them, this means that the poorest people will be unable to get access to cryptocurrencies but this is something we have known for some time and unless the living standards improve a lot in the next decade this is something we will have to accept.

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August 20, 2018, 04:15:52 PM
 #378

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
This is a very complex and controversial issue. Many people can begin to argue that uniquely crypto currency can replace fiat money, but I would say that the technology of blockade is wonderful, but the crypto currency is more suitable for speculators. And we must wait nearly 5-10 years to understand power of crypto except fiat.

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August 20, 2018, 04:18:58 PM
 #379

A crypto is a complex encryption system or cryptographic protocol used to transfer confidential data to preserve the value of exchange units. Each year there are several crypto created to meet the investment needs. of investors
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August 20, 2018, 05:01:49 PM
 #380

bitcoin is universal because it can be used throughout the world and also now bitcoin is the most expensive currency in the world.

Yes, the majority of the exchanges deal with Bitcoin - you can always get fiat for BTC and buy whatever you want. However, it is still difficult to buy many products and things for crypto.
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