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

[molenracing]

I think not, because every country has its own rules about their currency, each country has a currency that has different values. what happens if in this world, every country has a single currency? I think it's impossible to happen!

[Indai24]

I think not, because every country has its own rules about their currency, each country has a currency that has different values. what happens if in this world, every country has a single currency? I think it's impossible to happen!

Right. Having the same currency is the very most impossible to happen because every country has its own economic realities. This will matter beacuse if we are having the same currency will imply problems related to global government

[yohan09]

Well, If nations united, possibly a single currency will be implemented, and I'm pretty sure every think works convenient and efficient especially in terms of ID system, trading, economic issues, travelling, all things goes well. But i think as of now, its hard to happen due to some Ego's and economical status of each nation,

[Jessica2009]

        I don't believe that it will be possible for the whole world use a single currency . First of all there is a limitation for Bitcoin there are only 21 million of Bitcoin and there will not be more Bitcoins available after it exceeded 21 million so I think there will not be any possibilities for the whole world use a single digital currency. Even though the whole world are willing it cannot be accepted because the government of different countries have their own decisions and destinations may differ.

[Mr_Devin]

I think every country already has its own currency. But for now bitcoin remains the only digital currency used globally, if for a single currency I think it is not yet time.

[LegendzX]

Yes I think for as of now bitcoin has already place in some countries that didn't declare bitcoin as illegal.

[ethereumhunter]

Well, If nations united, possibly a single currency will be implemented, and I'm pretty sure every think works convenient and efficient especially in terms of ID system, trading, economic issues, travelling, all things goes well. But i think as of now, its hard to happen due to some Ego's and economical status of each nation,

maybe if there is a big chaos that is happening in all countries and human reduces in all countries, we can unite and we can have one currency that will be used in every where. now, we still have different things for every country and every country want to be the number one and they want all of their product to be used in all countries so I think it will not possible to happen for now. still hard to see this is happening in the short time and we don't know what will happen in the future.

[andika2018]

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?

Its hard to make bitcoin as single currency in the world because every government have their own rules and regulation. Beside that, every country have different economic growth. Every government have their own interest on their financial system and its hard using a single currency

[MisterStylish]

The world currently works on having lots of seperate 'floating' currencies. Because they 'float', their value changes relative to each other; for example one US Dollar buys 1.03 Canadian dollars buys 0.62 British Pound buys 0.73.

Now each country or each currency has a central bank, who can do certain things to make their currency worth more or less, depending on the needs of the day. For example, it might be really good for China to keep the value of the Yuan quite low so that Americans can buy Chinese exports for cheap and Chinese companies can make a lot of money. Countries that have to import a lot might prefer a higher valued currency and so on.

The problem is that each country has different things happening in it's economy. The Germans are very focused on exporting things like cars, which is fine, because they get money for their cars. But Greece isn't exporting much stuff at all, and in the mean time, each Euro isn't worth as much and the cost of things in the country tends to rise as a result. This is fine if you're getting more money because you work in Germany making cars and you're selling more and this year you got a bonus, but it's not so good if you're in Greece.

This is an economy that's doing two or more different things in different places and you end up with a weird situation where people in one area arent earning very much, but still have to pay the same prices as the people in the rich area.

This is a pretty simplified way of explaining it but tl;dr: Poor People would have to pay rich people prices for shit.

[zenfo]

I think that is really possible to hapoen. I'd take that from the angle that the digital world keeps on expanding and hence such things are bound to happen. When digital world expands, we need digital currencies to keep (digital currencies we are building now are the cryptocurrencies) up with the expanding digital world. And that is where a possible Global currency, Bitcoin comes in

The governments might not agree on a single currency if it is decentralized one because they effectjvely control it and it may harm them financially and economically because of its uncontrollable volatility. These governments might instead create a unified world currency that can be adopted by all parties and this one might be centralized like ripple...

[venlo]

Every country must have uniqueness and problems in transactions, if the world uses a single currency then this is not fair for a third country because that regulate and control the money of course is a strong country so I do not agree to the world using a single currency.

[lynlyn]

The world currently works on having lots of seperate 'floating' currencies. Because they 'float', their value changes relative to each other; for example one US Dollar buys 1.03 Canadian dollars buys 0.62 British Pound buys 0.73.

Now each country or each currency has a central bank, who can do certain things to make their currency worth more or less, depending on the needs of the day. For example, it might be really good for China to keep the value of the Yuan quite low so that Americans can buy Chinese exports for cheap and Chinese companies can make a lot of money. Countries that have to import a lot might prefer a higher valued currency and so on.

The problem is that each country has different things happening in it's economy. The Germans are very focused on exporting things like cars, which is fine, because they get money for their cars. But Greece isn't exporting much stuff at all, and in the mean time, each Euro isn't worth as much and the cost of things in the country tends to rise as a result. This is fine if you're getting more money because you work in Germany making cars and you're selling more and this year you got a bonus, but it's not so good if you're in Greece.

This is an economy that's doing two or more different things in different places and you end up with a weird situation where people in one area arent earning very much, but still have to pay the same prices as the people in the rich area.

This is a pretty simplified way of explaining it but tl;dr: Poor People would have to pay rich people prices for shit.

I agree, it is impossible that the whole wide world uses a single currency because countries all over the world has different status in economy. Other countries are developed already but others are developing yet. That equality is impossible for me because the we have different state in our country. There are rich and there are poor.

[UchihaRukawa]

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?

Having a single currency would be great if that would happen, I think just like we had a one common language (english) that brought people to understanding one another and greatly help for the unity and advantages of everyone, I believe that having a common currency for the world will definitely bring something good to people, and I believe that it is possible that one day that will happen.

[cryptomoon1004]

My take on this is a little different... Here is my prediction..


In the Next 15 / 20 years : Countries will have a national crypto


5 to 7 years from there: there will be a global consensys and the world will get into one single crypto currency

[bitcoin2048]

It can be of course, and for some specific reasons I am pursuated, that this will happen in near future, but would it be bitcoin...?

[dunfida]

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?

Some may thing it would make a great peace but rather i do believe it would create chaos yet accumulation or competition on hoarding would really be there .We know BTC do have 21M supply overall and if we do talk about this as a single currency online then expect on what would be the possible circumstances.It wont really be enough to be in circulation considering on the total population globally.

[rimueng agam]

It's not possible if the whole world uses a single currency because every country has its own currency and the eye is its own identity, but now there is a digital currency that is bitcoin which is a digital currency that can be used all over the world but unfortunately belim in received by most countries.

[arcanayou]

it is not impossible that we can form a currency that can be used and recognized all over the world, but it is very difficult, for example in europe, the use of the euro is almost used throughout Europe but there are some countries who oppose it for fear of the country will get a negative impact, english for example, english does not want to share the welfare of the morning of all countries in europe, therefore english refuse to use euro

[jaocoincrypto18]

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 is very impossible because it would be unfair to those country with rich economy or countries with growing faster economy like what happen to United Kingdom in which they did not adapt the euro currency because of vias and some un equal opportunities may arise that will not favor them. So with this situation of UK it will be the same reason of the other nations who have rich economy.
Here is the link https://www.economicshelp.org/blog/215/uncategorized/why-uk-stayed-out-of-euro/

[anavir]

it could be possible but not now where not all people are accustomed in using internet.As the years passed by,youngster now become more ingrossed in using gadgets so maybe during their time it could be possible that they will be using a single currency.