Digital Currency Take Over

[Vinalians]

Digital cuurency is now success even though there has some countries that hasn't accepting this. Actually they are not doing wrong it is their decision and for sure there is an enough reason why they do it. They will realized it i guess when the time comes.

[ribowo76]

It seems like it will take a long time for the crypto currency to be able to dominate the global financial system, because as we both see. There are still many countries that are not ready with the presence of crypto. But I believe, someday the technology underlying the crypto currency will be applied in many countries

[Fuhre]

Digital cuurency is now success even though there has some countries that hasn't accepting this. Actually they are not doing wrong it is their decision and for sure there is an enough reason why they do it. They will realized it i guess when the time comes.

I think that digital currency will be able to take over the banking world if all governments of each country are willing to accept their situation. but, everyone knows that cryptocurrency does not want or can't be controlled centrally.

[nonycinta]

From the way and speed with which people are embracing digital currency, it is only a matter of time some countries will start adopting it as means of exchange.

[St4yInTh3D4rk]

It seems like it will take a long time for the crypto currency to be able to dominate the global financial system, because as we both see. There are still many countries that are not ready with the presence of crypto. But I believe, someday the technology underlying the crypto currency will be applied in many countries

Yes many governments are afraid of crypto currency but most of the people like that crypto currency as investment but still they don't have trust or don't want to invest on crypto currencies because they are scared that their government may ban it.But as you said the crypto currency will dominate in few years like in a decade at that time most of the governments will understand the importance of crypto currencies.

[ribowo76]

It seems like it will take a long time for the crypto currency to be able to dominate the global financial system, because as we both see. There are still many countries that are not ready with the presence of crypto. But I believe, someday the technology underlying the crypto currency will be applied in many countries

Yes many governments are afraid of crypto currency but most of the people like that crypto currency as investment but still they don't have trust or don't want to invest on crypto currencies because they are scared that their government may ban it.But as you said the crypto currency will dominate in few years like in a decade at that time most of the governments will understand the importance of crypto currencies.

I agree with you, someday the crypto currency will play an important role in the global payment system. Let us both welcome those moments 

[osh5]

Technology has already taken up the market with the passing time and it will surely be taking up more in future. Technology behind crypto currencies like Block chain technology for Bitcoins have been a game changer in many businesses and today developed countries want to understand and apply this thing in their activities and processes to get maximum possible advantages.
When technology has been accepted then no doubt one day Bitcoins would be accepted entirely by everyone taking up the market and people can benefit in all the ways.

[Seundavid]

Yes,digital is taking over but mind you not everyone understand the concept of digital currency because there is still developing country.

[Fatunad]

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

Even on my dreams this is really an impossible thing to happen on where we do come to a point where cryptocurrencies would took over traditional fiat system.I would rather believe that government would create their own coin and would completely make full transition to that one which i do see a normal thing for them to do.They make take some consideration on cryptocurrencies existence and benefits but most of the time they would really prefer on the thing that they can control and lastly we do might really hate tax but as a citizen we are really obliged to pay up.

[Findingnemo]

Every thing depends on the country regulations, until then no one can tell how much time. If any big country show the good results of economy after regulating cryptocurrency then within very short time it will get success.

It is like who will kick the ball first but even with that, the possibility of it taken over is not seen yet in my view and one reason is because of its decentralized nature. Many country won't want their identity to be eroded.

the clearest and most obvious is the time that will answer all this, will the digital currency take over the finances in the banking or, alternatively, the government and the bank take over and control the digital currency becomes centralized.

I think moving to digital currencies is a right way because it saves many and it is easier to use in today’s situation but normal currency are also very important but need to move on so digital currencies are the right decision.

[ayiaye]

the growth of digital currencies is growing rapidly. but to take over, I do not think this is the time, because there are still more people who believe in fiat currency, and not everyone knows about this cyptocurrency, including people who are still far from cryptocurrency.
However, perhaps for the next few years, the more sophisticated the technology, and the more sophisticated all life, the digital currency will take over.

[airdagon]

Every thing depends on the country regulations, until then no one can tell how much time. If any big country show the good results of economy after regulating cryptocurrency then within very short time it will get success.

It is like who will kick the ball first but even with that, the possibility of it taken over is not seen yet in my view and one reason is because of its decentralized nature. Many country won't want their identity to be eroded.

the clearest and most obvious is the time that will answer all this, will the digital currency take over the finances in the banking or, alternatively, the government and the bank take over and control the digital currency becomes centralized.

I think moving to digital currencies is a right way because it saves many and it is easier to use in today’s situation but normal currency are also very important but need to move on so digital currencies are the right decision.

but, not everyone can understand the workings of the digital currency, man. indeed digital currency is the best alternative for now. I think people who do not understand the workings of digital currencies in the world of cryptocurrency will keep their paper currency to date.

[Fuhre]

It seems like it will take a long time for the crypto currency to be able to dominate the global financial system, because as we both see. There are still many countries that are not ready with the presence of crypto. But I believe, someday the technology underlying the crypto currency will be applied in many countries

Yes many governments are afraid of crypto currency but most of the people like that crypto currency as investment but still they don't have trust or don't want to invest on crypto currencies because they are scared that their government may ban it.But as you said the crypto currency will dominate in few years like in a decade at that time most of the governments will understand the importance of crypto currencies.

I agree with you, someday the crypto currency will play an important role in the global payment system. Let us both welcome those moments 

yes, of course I myself also agree with you. but do not count your chickens until they hatch, everything takes process and it is not easy to create bitcoins that are in cryptocurrency into global currencies. just relax anything good in the world of crypto is sure to happen.

[kateryana81]

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

Hard to say how much time is needed if digital currency will take over the current market. There are nation who is not fully developed like certain countries in Africa or even in Asia, so it will take a lot of time to even acknowledge digital currencies in those countries. But if we are taking about some European country, there are a lot of them experimenting cashless society so the rate of adoption must be pretty quick.

It is clear that the future is that of digital currency and no doubt it will take over the market. All other currencies will disappear from the market and digital currency will hold it forever. Time is not fixed because it is money and people want security against their money. They will take time to believe in cryptocurrency, but one day crypto will definitely take over.

[ralle14]

It could take a couple of decades or until poverty is solved because not everyone can afford all the things needed for a crypto wallet (electricity,internet,device). Just because a certain country won't accept Bitcoin it doesn't mean that they're only thinking about the tax. Any country could tax Bitcoin and all crypto if they want to. Every country has different plans and Bitcoin might ruin their plan that's why they're banning it.

[@prashant]

If you are thinking of removing Fiat currency then it is not possible  in coming years,maybe after 15-20 year world will be fully digitalised in payment option.as far virtual currency i.e crypto goes then it will also take time to adopted across the globe but right now the bigger challenge is knowledge relate to crypto payment that should available to everyone.

[winterland]

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

I do not know if when you're talking about digital currencies or you are referring to cryptocurrencies, because digital currencies are very common and you can use them everywhere, it is not something out of the world to get a debit or credit card and being able to use that card in ATMs all over the world, but if you're talking about cryptocurrencies then it is going to take a lot of time before they're able to replace the current system.

[whirlcoin]

It seems like it will take a long time for the crypto currency to be able to dominate the global financial system, because as we both see. There are still many countries that are not ready with the presence of crypto. But I believe, someday the technology underlying the crypto currency will be applied in many countries

Yes many governments are afraid of crypto currency but most of the people like that crypto currency as investment but still they don't have trust or don't want to invest on crypto currencies because they are scared that their government may ban it.But as you said the crypto currency will dominate in few years like in a decade at that time most of the governments will understand the importance of crypto currencies.

I agree with you, someday the crypto currency will play an important role in the global payment system. Let us both welcome those moments 

yes, of course I myself also agree with you. but do not count your chickens until they hatch, everything takes process and it is not easy to create bitcoins that are in cryptocurrency into global currencies. just relax anything good in the world of crypto is sure to happen.

Bit it is indeed I think,governments need to adopt to the new system because the decentralization era will going to start soon.Akready the developed nation like Japan made it legal and more places accepting bitcoin as a payment method so other countries also need to follow their decision.

[Fuhre]

It seems like it will take a long time for the crypto currency to be able to dominate the global financial system, because as we both see. There are still many countries that are not ready with the presence of crypto. But I believe, someday the technology underlying the crypto currency will be applied in many countries

Yes many governments are afraid of crypto currency but most of the people like that crypto currency as investment but still they don't have trust or don't want to invest on crypto currencies because they are scared that their government may ban it.But as you said the crypto currency will dominate in few years like in a decade at that time most of the governments will understand the importance of crypto currencies.

I agree with you, someday the crypto currency will play an important role in the global payment system. Let us both welcome those moments 

yes, of course I myself also agree with you. but do not count your chickens until they hatch, everything takes process and it is not easy to create bitcoins that are in cryptocurrency into global currencies. just relax anything good in the world of crypto is sure to happen.

Bit it is indeed I think,governments need to adopt to the new system because the decentralization era will going to start soon.Akready the developed nation like Japan made it legal and more places accepting bitcoin as a payment method so other countries also need to follow their decision.

the government must immediately take a bitcoin decision in every country is acceptable. in my opinion, its legal bitcoin will facilitate transactions, even countries can transact with other countries, but in good things (positive). do you think that japan is one to be made an example of modern times and decentralized money.

[raven7886]

It seems like it will take a long time for the crypto currency to be able to dominate the global financial system, because as we both see. There are still many countries that are not ready with the presence of crypto. But I believe, someday the technology underlying the crypto currency will be applied in many countries

I doubt even if we are going to see any form of domination of cryptocurrency as no government will like the idea of being dominated by decentralization anyway and will do everything in their regulatory power to want to limit its usage which is part of some of the things we are seeing right now with the whole SEC issues with some cryptocurrency and clamp down going on.

Nevertheless, I believe nothing can be done to stop its future growth and the only thing we will get to see is just regulations that would even bring some level of maturity in the space, but dominating banks is one I would not bother dreaming about as it looks pretty impossible.