What if every country has its own crypto currency

[vanya.pronin.1983]

I hope it would happen, because yesterday I read an article about Russia and Crypto. It is said that Russia is planning to use crypto currencies as a back up money instead of USD. If this happens, industry will fly to the moon.

[nikola22]

I don't think that it's necessary that every country would have its own cryptocurrency. this cryptocurrency has no difference from the real currency controlled by central bank.

[JohnMacZeppelin]

It seems to me that it would be great if many states had such an opportunity, it would be really cool, because today it makes sense to talk about abandoning the dollar investment. This is my personal opinion on this.

[atjiat]

It seems to me that it would be great if many states had such an opportunity, it would be really cool, because today it makes sense to talk about abandoning the dollar investment. This is my personal opinion on this.

In any case, the fact that the state begins to work with cryptocurrency is already good. And even better, they themselves are trying to create a national cryptocurrency. Recently, information appeared on the network that the United States has plans to create a cryptocurrency like Bitcoin.

[hongus]

I can say that. That would help any country. If a country does that. And developing this service, it can get a large influx of investment. It is beneficial to all. I do not understand why governments are so eager to end the cryptocurrency industry.

[Luke NY]

This will be an excellent opportunity to attract investment, if each country has its own cryptocurrency, thus the economy will develop and the potential of such states will grow. The authorities should provide strong support for such a currency, because this is the future of money.

[superscommessebitcoin]

I think that even if each country will have its own cryptocurrency, people will still use the main top coins. I think that such coins, which can be their in each country need have for wage for officials in corrupt countries.

[BoxerRobert]

If every country create own crypto currency based on population rate will increase .Am sure if they create like this .It will huge impact of crypto market  .

[Shadovka]

If this really happen we should be seeing a big increase of volume in crypto volume and crypto adopters  most importantly we should not be seeing a massive rise or drop in price.

[shooleh]

Every country has its own cryptocurrency, I think that will cause a lot of problems. As in my country, crypto has not been approved by the government. The government itself still prohibits the use of crypto for buying and selling transactions. But in the future, everything can happen.

[JohnMacZeppelin]

I think that there will be real competition, because today there is a sense to fight for raising the standard of living and so on. But I think that all the same it will be great. The only thing I can say.

[letyouearn]

Wouldnt it be nice if each country in the world issues its own crypto currency just like they issue sovereign bonds and they raise funds from there to fund projects in their economies. I know Venezuela tried to do something like that, but the project was already being killed by the governments opponents before it took off.  Now lets assume that didnt happen could it be a good way to create some form of sanity and confidence in the crypto world.

The idea of national cryptocurrencies looks good imho, and I think we will see something in this way in the nearest future. But the technology itself is quite raw still, governments don't want to take the risk now and try this with their people. Maybe we this will be possible in 3-5 years.

[Adunni6758]

I have noticed some indigenous projects and one just with it token sale recently, reading its hardcap, Hara, but I am not too sure if it is directly connected with its government.
The project is from Indonesia and it had a large turn up.
It is not a must to have coins that are issued by the country itself, but projects indigenous to the country can be supported by the government.

[PuertoLibre]

Actually, each country has its own currency. If for crypto it might only add another way for transactions not to change the currency in each country. I am actually not as obedient if every country has its own chip currency. Because it will be very dangerous.

Nothing is super simple like that. Maybe applying cryptography to ID can solve this problem temporarily but i am sure not every country will be able to handle this crypto challenge if it gonna happen. Btw scam,fraud happens no matter which tool(cash or btc) you use for this purpose.

[Rostock]

I think that it will not give anything good, because there will be just a lot of crypto-currencies that are not in demand. People will not buy cryptocurrencies of their country, but will buy only the top ones like Bitcoin, Ethereum, Ripple, EOS and others.

[iyah adrian]

I think that it will not give anything good, because there will be just a lot of crypto-currencies that are not in demand. People will not buy cryptocurrencies of their country, but will buy only the top ones like Bitcoin, Ethereum, Ripple, EOS and others.

It's not a good idea, in my opinion. Bitcoin, ethereum, Ripple is one of the crypto that is now widely known to everyone. Of course this crypto is suitable for every transaction in a country. If every country has its own crypto currency it will never be suitable and that is indeed a bad idea. I really agree with what you say.

[VladEx_Vova]

The first idea of creating cryptocurrency was to create something that would not be controlled by the states. I think so let it be. If all the states start issuing their crypto, then it will not be different from ordinary fiat currencies. This will only kill the market.

[richcorner100]

This is good idea because now mostly everyone in the world has mobile phone that connected with internet , so payment and transaction will be more easy to process with digital money. In the future fiat money can be changed to digital money.

[romelitounknown]

If that happens I think the exchanges would be the most who benefits from it.Mobile phones with crypto wallets would benefits as well.

[dicaprio]

I think that if a similar situation happens, the world can really move forward with long strides, but then the question is, in which direction? You can go forward in different ways, whether it will be right.