The Future of Cryptocurrency

[Yakapo]

cryptocurrency has a bright future though there are sizable challenges coming its way, Many people still do not believe in crypro, most thinking its a scam and that one day people will wake up and crypto is gone, this is majorly because of the negative campaigns by the governments institutions and some of the very influential figures who have come out and spoke negatively against crypto, Other than that, crypto is gaining ground fairly well, and if the trend continues, crypto will be one of the major forces around

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[sshirisha]

No doubt the future of cryptocurrency is very bright. The transactiond also increasing in the crypto market

[CuteBaby123]

Seoul Mayor Plans to Unveil Better Self Crypto for Stratup Blockchain.

Park Woon-soon has announced that South Korea will launch its own crypto and create a better environment for startup companies Blockchain and cryptocurrency in the country. He wants to form a blockchain that is oriented like a startup industry and focuses on developing Seoul's cryptocurrency, 'S coin'.

One of the reasons for the development of 'S coin' is to improve the transparency of governance that exists there. Although the Korean government initially applied very strict rules against cryptocurrency.

what do you think about this? is this good news about the development of cryptocurrency in the future?

It is a good move for south korea's government to launch their own coin. This will make an impact in the global community especially those who are in doubts of embracing cryptocurrency. If this will come to reality, for sure cryptocurrency will be really have an high demand and countries will start to highly recommend investing in crypto.

[Hudadahuda2018]

Those who have already figured out the issue understand that any crypto currency is not even air, it's nothing that rests solely on the faith of those who invest their own resources or funds in an almost "ideal" system of detachment.

It's true that they already know about this problem but they can understand the "ideal" detachment system so I think they can depend on only one system.

[DoublerHunter]

The future of cryptocurrencies depends on us and also especially on the government policies because if they will unleash a policy that forbidding cryptocurrency to their country then it will be just the very easy way for them to make the future of cryptocurrency looks bad and possibly they can just totally stop cryptocurrency so still... anything can happen.

[yakafi]

Seoul Mayor Plans to Unveil Better Self Crypto for Stratup Blockchain.

Park Woon-soon has announced that South Korea will launch its own crypto and create a better environment for startup companies Blockchain and cryptocurrency in the country. He wants to form a blockchain that is oriented like a startup industry and focuses on developing Seoul's cryptocurrency, 'S coin'.

One of the reasons for the development of 'S coin' is to improve the transparency of governance that exists there. Although the Korean government initially applied very strict rules against cryptocurrency.

what do you think about this? is this good news about the development of cryptocurrency in the future?

I think, The future of cryptocurrency is bright. It is the future technology, It will be needed in the future. Maybe All  countries of the world  will accept  bitcoin as payments and transactions.

[Timok Abiodun]

Bitcoin may have taken a dip, while numerous other cryptocurrencies vie for the spotlight. But that doesn’t mean cryptocurrency itself is about to crash.

I see crypto investments similarly to how I see traditional investments in stocks and bonds, which go through cycles,
 While there is more volatility in cryptocurrencies, it’s a worthy area for people to experiment with their investment portfolios really carefully.

[Playmode Kreative]

“Cryptocurrency is very much here to stay,” said futurist and author Thomas Frey, noting that he’s speaking to the Federal Reserve in September on the topic. He predicts that “cryptocurrencies are going to displace roughly 25% of national currencies by 2030. They’re just much more efficient, the way they run.”

[Goozzi]

Another plus in favor of the crypto currency was the news that MUFG Bank to test own digital currency.
NHK has learned that the banking unit of Mitsubishi UFJ Financial Group plans to carry out a large-scale trial of its own digital currency.

The bank plans to conduct the test of what they call MUFG Coin as early as next year in limited areas of Japan. The trial is expected to involve around 100,000 MUFG Bank account holders who apply to take part.

The participants will install an app on their smartphones that converts their deposits into the digital currency. One MUFG coin will be worth 1 yen.

They will be able to use the currency to make payments at places like restaurants, convenience stores and other shops. They can also transfer the currency to the accounts of other participants.

The bank officials will check to see if the settlements are carried out smoothly and in a secure way. For the future, they're considering tie-ups with a wide range of businesses to offer services based on the currency.

Source: https://www3.nhk.or.jp/nhkworld/en/news/20180515_25/

[Xenoph0bia]

Another plus in favor of the crypto currency was the news that MUFG Bank to test own digital currency.
NHK has learned that the banking unit of Mitsubishi UFJ Financial Group plans to carry out a large-scale trial of its own digital currency.

The bank plans to conduct the test of what they call MUFG Coin as early as next year in limited areas of Japan. The trial is expected to involve around 100,000 MUFG Bank account holders who apply to take part.

The participants will install an app on their smartphones that converts their deposits into the digital currency. One MUFG coin will be worth 1 yen.

They will be able to use the currency to make payments at places like restaurants, convenience stores and other shops. They can also transfer the currency to the accounts of other participants.

The bank officials will check to see if the settlements are carried out smoothly and in a secure way. For the future, they're considering tie-ups with a wide range of businesses to offer services based on the currency.

Source: https://www3.nhk.or.jp/nhkworld/en/news/20180515_25/

I think cryptocurrencies have a great future lying ahead.Many people have now started using cryptocurrencies by seeing the profit margins they give us.They are money making machines for all of us and so we should definitely take advantage of them.Cryptocurrencies are best option in today's date for investment purposes as they give huge amounts of profits and that too in a short period of time.People are now using cryptocurrencies for day to day transactions.

[fernandoaleixo]

Cryptocurrency and blockchain technology are here to stay. That’s the future. Instead, the concern we should have is how blockchain technology might be used maliciously in this future. I am pro-cryptocurrency personally. But I consider it important to understand not just whether it is the future, but how it will be used, because it's not a bubble and its value is going to increase eventually willing or not.

[goymas]

Yeah i feel this is a good move for the cryptoworld .if it'll keep on expanding like the same way untill 2030 there will be huge difference in the cryptoworld and i hope it would be much better .

[Abdullah.dhariwal]

the future of Bitcoin is  very bright

[Yatsan]

On this issue, I really liked the quotes from the interview of American venture capital investor and founder of the firm now known as Draper Fisher Jurvetson (DJF) - Tim Draper:

«There’s a major revolution taking place that is now allowing for a better currency — one that is more secure, that is decentralized, that is more effective, more useful. It’s global. It’s open to everyone. It banks the unbanked. It allows people to send their money to their families in the Philippines or in Mexico without any big friction. It is a far better currency than the fiat currency.»

«Right now, your banks are being attacked all the time. The hackers are poking holes in your banks and going after your fiat money and the bankers are pounding away trying to keep the hacks away but they’re getting hacked all the time. No one has ever hacked the Bitcoin blockchain. It is the most secure place to put your money. So as a store of value it is a great place to be.»

«If you’re in Argentina or Venezuela or Nigeria you know that your currency is going to fall 30 percent every year, because, I mean, those countries tend to implode about every year. And people lose their fortune. Well, if part of your fortune is put into bitcoin, you’re not going to lose your fortune»

«There are many many reasons [and] many many uses. […] This is going to be a major change in the future of the world. It’s a major breakthrough and I can’t wait for us to be sort of one world with our currencies as opposed to having it tied to some political influence or another, or some government just decides to inflate or decides that they’re just going to take a bunch of currency. This is a great opportunity for the people to run their businesses unfettered by political whims.»

Source: http://bitcoinist.com/tim-draper-bitcoin-is-the-most-secure-place-to-put-your-money/

The news itself is a good sign for the cryptocurrency industry's global acceptance. Right now even countries make their own version of cryptocurrency to compensate for the ongoing massive trend and interest towards bitcoin abd cryptocurrency. This will be a great stepping stone towards global reach of bitcoin as even South Korea, a country initially in the negative when it comes to cryptocurrency, begin embracing and now making their own virtual coin.

[jaaeeeyyyy]

Cryptocurrency and blockchain technology are here to stay. That’s the future. Instead, the concern we should have is how blockchain technology might be used maliciously in this future. I am pro-cryptocurrency personally. But I consider it important to understand not just whether it is the future, but how it will be used, because it's not a bubble and its value is going to increase eventually willing or not.

To a country that initially despises cryptocyrrencies yo the point that they even banned the use of bitcoin in their territory, this is a good sign. The ongoing trend and rise of interest towards bitcoin is something that huge countries are now seizing since the economic growth cryptocurrencies could offer to a country is very considerable. This just goes to show how cryptocurrency would be a huge constituent to successes in the future.

[SeVenlast]

I can't be sure the future happens with the virtual currency because it has a lot going on with all of this.

[mithon2017]

Criptocurrency has  a bright future. There are lot Criptocurrency on online market place. Lot of people are using it. Criptocurrency is good currency better than paper currency. it's transaction is fast and more secure. you can invest Criptocurrency. it's more profitable. I think, in future, everyone shall using Criptocurrency. every country will be accepting Criptocurrency and its Shall use many ways.

[maniabireta]

my opinion for cryptocurrency in the future will be more advanced because if we travel to a country that has its own crypto currency we are not difficult in exchanging money for the purposes there so if all countries launch their own crypto then it is not impossible if crypto will become world currency

[maniaoranda]

this will make it easier to exchange currency values
my opinion for cryptocurrency in the future will be more advanced because if we travel to a country that has its own crypto currency we are not difficult in exchanging money for the purposes there
so if all countries launch their own crypto then it is not impossible if crypto will become world currency.

[market-beta]

cryiptocurrency will have a bright future. if we see in a few months people who join and invest from the world continues to grow the more can not be in the dam again.
 even some countries have joined and received cryiptocurrency in the country.