Can it be possible for the whole wide world use a single currency?

[Mazand]

It may be one main, most stable, trustful and popular. Like dollar on the fiat field. But like situation fiat there will be always a place for some local and specific cryptocurrencies. Even if they will be less stable, not so widely spread and less comfortable to use becaouse of this.

[Faxmate]

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?

There won't be a single currency around the world where anyone can use it. Because fiat money are sometimes known to be legacy of the different country and sometimes it is the national treasure or identity of their country.

Yeah fiat has been very common for sure but it was an old age currency mate if we look at the time now we are in modern age where people prefer using digital currency instead of fiat money, now everyone is busy they hardly find time to pay for fees and to pay for bills so bitcoin gives them relaxation and it is very easy way to pay for goods what they need in life, I think it is very possible to see bitcoin at top than fiat currency.

[BagzMM]

Bitcoin can be useful as a common currency world wide mean time it will be essential to maintain the local currency as well to maintain the economic balance of each country.For the concept of a single currency world wide means it will be a time consuming one to come up to that standard for the global community.All countries in the world are not maintaining the same living standard and the education systems it will be impossible to handle the single currency system though the bitcoin is the most powerful currency in the world.

Yeah I see this idea of having a single currency whole world will not make in a reality as what have you said we have in different economic situation and have different set of standard cost of living. The economic style of Asian country is not same from the European country. Also the leaders of every country will not support on this plan as they can't control their economic rating.

[almaerk08]

Bitcoin can be useful as a common currency world wide mean time it will be essential to maintain the local currency as well to maintain the economic balance of each country.For the concept of a single currency world wide means it will be a time consuming one to come up to that standard for the global community.All countries in the world are not maintaining the same living standard and the education systems it will be impossible to handle the single currency system though the bitcoin is the most powerful currency in the world.

Yeah I see this idea of having a single currency whole world will not make in a reality as what have you said we have in different economic situation and have different set of standard cost of living. The economic style of Asian country is not same from the European country. Also the leaders of every country will not support on this plan as they can't control their economic rating.

Yes, I agree with you. Having a single currency around the world will never work for all of us. The economic situations of each countries are different, so it would be very difficult for us and for the government to accept this idea.

[Tukang Becak]

Bitcoin can be useful as a common currency world wide mean time it will be essential to maintain the local currency as well to maintain the economic balance of each country.For the concept of a single currency world wide means it will be a time consuming one to come up to that standard for the global community.All countries in the world are not maintaining the same living standard and the education systems it will be impossible to handle the single currency system though the bitcoin is the most powerful currency in the world.

Yeah I see this idea of having a single currency whole world will not make in a reality as what have you said we have in different economic situation and have different set of standard cost of living. The economic style of Asian country is not same from the European country. Also the leaders of every country will not support on this plan as they can't control their economic rating.

Yes, I agree with you. Having a single currency around the world will never work for all of us. The economic situations of each countries are different, so it would be very difficult for us and for the government to accept this idea.

Yes true, besides the economic problems of all different countries of course if using a single currency then it would be easy for a strong country to control a poor country like in asia or africa, I do not agree the world uses a single currency because it makes the world become unstable.

[klasik1980]

A single currency must be accompanied by many other measures for integration and harmonization. It would require a strong and effective world monetary authority or central bank, working in the common interest and freed from political manipulation, to manage the world currency, regulate the money supply, and ensure adequate liquidity without inflation.

[Arkyo]

Fortunately, this prospect is totally unrealistic. There is a huge variety of currencies in everyday life and in the crypto currencies world. And this feature allows investors to make good money by combining different coins in their portfolios.

[Ryanpogi]

maybe that happens, but not yet. The difference is that the bitcoin is possible for all the currency the hardest people will be able to adjust. thanks ..

[TiffanyLien23]

Well i dont think so. Coz if you pay for some service with fiat money, and somebody deceive you, you can complain to the authorities and you will receive your refund eventually. With bitcoin, you can't find out real owner of btc wallet and can't complain to the authorities and request refund. Because of it, banks or financial institutions will never accept bitcoin for their business.

[jcarlo]

I think that if everyone in the world uses the same currency they are very good. But this is unlikely. Because a country will have its own currency, value and symbol for each country. The culture of each country is different to create its own identity. Currency too.

Using a single currency for the whole world will be a huge mistake, you must understand that economy of each country is different and each one of them needs their own currency so they have more flexibility to manage their economies, while I have huge faith in bitcoin I do not think we're going to see bitcoin being adopted as the official currency of any country, because bitcoin will be too restrictive to the economy of that country and they will be unable to manage their economy effectively, which means that even if cryptocurrencies will be adopted by a significant portion of the population we cannot hope to achieve that everyone adopt it.

Beside that, central bank every country must be wont agree with single currency. Central banks must be do not want to loss control on money supply and they will not approve regulation on single currency

[Quantum907]

I think if the world uses a single currency then it can improve the welfare of everyone, reduce unemployment and so on, if the world uses a single currency then global transactions become easier and price differences in all countries will not happen.

[dado7]

Somewhere in the future, we will all use one currency, yes. The world and free economy always strive towards the simplification, it is only the Governments that complicate things, but in the long run, they are powerless.

Governments should be there only to correct the misses of the free economy (like segregation between rich and poor), however mostly they only induce it.

Same as the European Union having a common currency for usage, in the future there is possibility for a single currency usage around the globe. For the same, majority of the countries need to give approval which is not gonna happen in a short time period because economically grown countries will oppose it.

That is an excellent example. However, it is unfortunately also the example how in some countries it cannot work before some other problems are not being taken care of. It's a process (..if you watched "Analyze this" )

[Colt22]

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?

Yes it is possible. If most of the people from all over the world will use only one currency then after that the remaining will also prefer to use only that currency and they will try to make it the only coin of the world to be traded and to be used in the crypto world. Then that coin will be the only used global coin and all of the developers will try to work for the development of that only.

[laravuemaster]

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?

Yes of course, if government will allow this kind of system that people will all use cryptocurrency then life will so much easier since bitcoins today is growing so fast in the market and if you are a good trader then you can be very rich within just a few months.

[0t3p0t]

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?

No, because every country want to have their own local currency which is way comfortable andconvenient to them. I don't think they will adopt other foreign currency instead of using their own as it can be manipulated by the host country if they want to shutdown any economy I mean their rival which sometimes make any conflict anytime so that is why they stick to their own currency. Bitcoin can only be used as a single digital currency and I know that it will be happening soon due to the fact that it is decentralized and has privacy.

[BitcoinMarketer39]

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?

It will not be possible because there are a lot of people today who are not capable of earning cryptocurrency and if government will allow it then it was good since everyone will know about bitcoins that it is not a scam.

[_noname_]

I truly don't feel that bitcoin can wind up principle worldwide money, swap for different monetary forms.
If you pay for some administration with fiat cash, and some person cheat you, you can grumble to the experts and you will get your discount inevitably.
With bitcoin, you can't discover genuine proprietor of btc wallet and can't grumble to the specialists and demand discount.
As a result of it, banks or money related establishments will never acknowledge bitcoin for their business. Bitcoin have future just as contrasting option to the customary cash.

[Jambolb2]

I'm sure bitcoin must be able to dominate the world. all countries will use bitcoin as a legitimate transaction tool. but despite that. the world still will not be separated from paper money. because paper money can be made as a symbol or a sign of the country.

One of Bitcoin's main principles is that there are no borders it has to respect or abide by. It's one protocol that has no equal, and one that at the same time can't be stopped. It's pointless to focus on what paper money will be like by that time, we should only care about what matters for us, and that's slowly taking distance from dealing with fiat. Let countries have their paper money, we have Bitcoin, that's more than enough. In current times it requires only our smartphone to transact with others or buy our daily needs in stores. I could perfectly use Bitcoin as sole currency if it enjoyed more adoption and stability. Fiat is a mixture of state and corporation money, while Bitcoin is people's (everyone's) money.

very good input. with the bitcoin going to be one of the transactions, bitcoins and fiat currencies can go together without intercourse, they will have their mutual manifest. when fiat money can not reach inter-country transactions at low cost, we can take advantage of a bitcoin payment system, with minutes and no high fees

Yeah it is right that bitcoin has no borders and anyone can invest in bitcoin. It is the currency of the whole world and that’s why I can say that the whole world can use just one currency. It is good because the use of bitcoin is easy throughout the world. Payment is easy. Just transfer bitcoin from your wallet to the seller wallet in seconds and without any exchange.

[gabmen]

I'm sure bitcoin must be able to dominate the world. all countries will use bitcoin as a legitimate transaction tool. but despite that. the world still will not be separated from paper money. because paper money can be made as a symbol or a sign of the country.

One of Bitcoin's main principles is that there are no borders it has to respect or abide by. It's one protocol that has no equal, and one that at the same time can't be stopped. It's pointless to focus on what paper money will be like by that time, we should only care about what matters for us, and that's slowly taking distance from dealing with fiat. Let countries have their paper money, we have Bitcoin, that's more than enough. In current times it requires only our smartphone to transact with others or buy our daily needs in stores. I could perfectly use Bitcoin as sole currency if it enjoyed more adoption and stability. Fiat is a mixture of state and corporation money, while Bitcoin is people's (everyone's) money.

very good input. with the bitcoin going to be one of the transactions, bitcoins and fiat currencies can go together without intercourse, they will have their mutual manifest. when fiat money can not reach inter-country transactions at low cost, we can take advantage of a bitcoin payment system, with minutes and no high fees

Yeah it is right that bitcoin has no borders and anyone can invest in bitcoin. It is the currency of the whole world and that’s why I can say that the whole world can use just one currency. It is good because the use of bitcoin is easy throughout the world. Payment is easy. Just transfer bitcoin from your wallet to the seller wallet in seconds and without any exchange.

It's a dream that probably have no chance of becoming real. Different countries have different beliefs and culture and having a common currencyay prove to be a problem since not everyone would be im agreement to certain aspects. It would be nice though but almost impossible

[emezh10]

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?

Bitcoin has the capability to be the universal currency in transaction on a decentralized base system which could offer faster and easier way of doing transaction with the used of internet and the blockchain system. Yet, the only thing people need to consider is the information they would gather about bitcoin. Because most of people really depends on bitcoin to be as a form of investment that they could used in trading which it is not a form of currency which dollar does in the market. We need much more support by the government and other sectors of the market that could help on the process of sending the right information to people who can used bitcoin as a universal currency.