What will happen if the all countries convert to cryptocurrency?

[NeironixNV]

When the world passes completely to cashless payments, then it will be possible, but so far in the next 10 years, we will only go to this and neironix allows me to follow projects that are developing a digital economy.

[Eugenar]

The moment all the countries convert to crytocurrency would be the beginning of many amazing things to happen to the world and the financial sector, the process sending and receiving funds worldwide would become very fast and easy, it would lead to growth of businesses and make life easier for citizens of the world.

that would be really amazing if could happen.but i think it just our imagination and could not happen in near future.moreover  many government still confuse with bitcon regulation.

There will be more chance that government will not be pleased by how the bitcoin protocol works. In a sense that if a government will adopt to cryptocurrency, they will need to utilize their own customized cryptocurrency for the sake of their own custom protocol since not all government have the same systems. In addition, the most possible crypto conversion will be stable coins.

[Aying]

Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?

Very convenient to us, because we already use crypto for long and that is the advantage. the disadvantage is those people who did not know what is crypto all about and it is difficult to accept it because of the lack of equipment as well. government will have to work hard for this to spread widely how crypto changes everything. but with this matter how could they accept it if still the problem won't resolve and also spreading. actions will be more priority now to see a better result. 

[logicgate]

Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?

This would be great, cashless transactions will bring so much convenience for everyone, especially for those who are technologically inclined and advance institutions who can follow the fast-paced technological innovation and avoid physical contacted crimes and even lower cyber theft for cryptocurrency especially bitcoin are backed with blockchain which has a superior security, but the downsides are, not everyone in the world has the capability to use crypto and are not technologically inclined. There are countries that are still developing and this might be a bad idea considering their financial situation.

 Apart from developing states, it will not be wrong to assume that the developed states will be soon seen legalizing crypto currencies altogether or at least bitcoin would be there for everyone. Of course even in developed states, not everyone is educated and able to use technologies easily. We need to look for majority. Even in developing states there are a good percentage of technology geeks so they will also adopt it soon.

[Gotumoot]

I think being cashless in this world does not happen, and it will remain in our imagination and will never be fulfilled.
There are many reasons why this is unlikely to happen, One of which is the government that will not allow crypto. Because they need to be in control of Crypto before it can be accepted by their government.

[supercanada1]

I think being cashless in this world does not happen, and it will remain in our imagination and will never be fulfilled.
There are many reasons why this is unlikely to happen, One of which is the government that will not allow crypto. Because they need to be in control of Crypto before it can be accepted by their government.

None of us did even imagine that one day digital currencies would be invented and here we are, enjoying improving our financial status by investing in bitcoin and good altcoins. The future belongs to crypto currencies. It is fate of our money and also best for coming time. With the advancing technology, all domains of life will revolutionize. Governments are going to launch their own crypto coins and legalize the existing ones.

[White Christmas]

Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?

We are truly going to a cashless society or cashless world in which we are just using digital money and digital currency in order to pay and buy goods and etc.

Maybe in the near future there is a possibility that we are going all to use digital currency at all.

This are the good and bad side of going this:
1. The first one on the good side is it would be more convenient to us that we just need to bring our mobile phones or gadgets on where it was save our wallet or our digital currency to make a transaction, less hassle to bring cash and it would be great because all we need to bring is our mobile phones and etc.
2. The negative side of being cashless is those person or people who doesn't have mobile phone yet and can't afford to have a daily internet usage at all, and those person who don't know how to use mobile phones that would be hard for them to adopt this kind of advancement.

That would probably the pros and cons if all of the countries convert into a cryptocurrency or digital currency.

[sayaya17]

If all countries replace Fiat and use cryptocurrency as their currency, or as a means of payment, actually the transaction will be easier and faster, because everything is digital, so it will be far from corruption. But we know that cryptocurrency is very volatile so that if used as currency will be detrimental. So for now it is still unlikely if all countries will use cryptocurrency.

[wozzek23]

In some countries, there are lots of people who are ready to accept bitcoin, but their government will not allow and have banned bitcoin, declaring it illegal. Just like I have heard, bitcoin has also become an illegal asset in India and anyone caught with cryptocurrencies faces a ten years jail term. Same thing with China, which was the first country to ban cryptocurrencies.

There is still the possibility that they will accept blockchain, as for bitcoin, I don't really know how it's going to be for it. I used to imagine that bitcoin will just be a currency that will be used by everyone in the world and not owned by any particular country. Bitcoin is decentralized and should be just that, except that the government keeps banning it from their countries. Really bad. Let's wait and see what the future holds for us.

[Rustamm]

Cryptocurrencies are good because you can use them, pay them on the Internet without restrictions and make purchases from other people, and for this it does not matter whether your country recognizes cryptocurrencies or not. For example, in my country, cryptocurrencies are not legalized, but I use Bitcoin, Ethereum and other coins to make payments without thinking about whether some countries legalized cryptocurrencies or not.

[enwi]

I think, it is not possible for all countries to convert to crypto because not all countries can accept crypto as their currency, and many do not support digital currencies, but if that happens maybe the country will become unstable in the economy because crypto prices are constantly changing and volatile

[Williams_Leo]

I think, it is not possible for all countries to convert to crypto because not all countries can accept crypto as their currency, and many do not support digital currencies, but if that happens maybe the country will become unstable in the economy because crypto prices are constantly changing and volatile

Society goes up and the era will change, even if countries don't want to accept the transformation, they are still forced to participate in this revolution, they need to follow the needs of the times but of course, they won't choose cryptocurrencies on the market right now, you're right that crypto instability can create financial instability. For the purpose of conversion, countries will create a common crypto market, they will design crypto products that they are creators and developers, which will allow them to manage and develop.

[senne]

Surely countries can save millions in remittance which can be further used in boosting the economy. Fund transfer from one country to another will become seamless and instant which can further help in boosting the inter country trades. The amount might be minimal, but countries can save by not needing to print currencies anymore.

These are the few benefits that I could see right now. There might be many more but cost cutting tops the all.

[Blackdeath]

In my own point of view, if all countires all over the country wjll start to convert their fiat into cryptocurrency, it will be now convenient for every crypto users to used their crypto to buy the things that they need without cashing out or converting it into fiat. Cryptocurrencies such as bitcoin will have better chances to increased it's price.

[diazepam666]

In my own point of view, if all countires all over the country wjll start to convert their fiat into cryptocurrency, it will be now convenient for every crypto users to used their crypto to buy the things that they need without cashing out or converting it into fiat. Cryptocurrencies such as bitcoin will have better chances to increased it's price.

but there is no possibilities like that they may at the cryptocurrency as the one mode of payment but none of the country can crash the complete Fiat market and implement the cryptocurrency mode of payment throughout the country.
Because you should understand everyone is not a piggy and if you start using crypto mode of payment for all the time you need to have internet facility and you are device electricity backup all the time so practically it is not possible.

[Webetcoins]

In my own point of view, if all countires all over the country wjll start to convert their fiat into cryptocurrency, it will be now convenient for every crypto users to used their crypto to buy the things that they need without cashing out or converting it into fiat. Cryptocurrencies such as bitcoin will have better chances to increased it's price.

China is planning to launch its own crypto currency and many other countries are going to do the same. Digital currencies are the new ways of doing money business. No country of the world can resist this phenomenon for long. Everyone has to accept them. The earlier someone does, the more  he will benefit out of crypto coins. Once this happens, life will become easy and time will be saved.

[Vishnu.Reang]

In my own point of view, if all countires all over the country wjll start to convert their fiat into cryptocurrency, it will be now convenient for every crypto users to used their crypto to buy the things that they need without cashing out or converting it into fiat. Cryptocurrencies such as bitcoin will have better chances to increased it's price.

China is planning to launch its own crypto currency and many other countries are going to do the same. Digital currencies are the new ways of doing money business. No country of the world can resist this phenomenon for long. Everyone has to accept them. The earlier someone does, the more  he will benefit out of crypto coins. Once this happens, life will become easy and time will be saved.

China is planning to launch a stablecoin based on CNY. It has hardly anything similar to the other cryptocurrencies such as Bitcoin, Ethereum and Litecoin. Other countries such as Canada and India are also planning to launch similar stablecoins. I would not classify these coins as cryptocurrencies, but rather as digital version of the fiat currency.

[doomloop]

In my own point of view, if all countires all over the country wjll start to convert their fiat into cryptocurrency, it will be now convenient for every crypto users to used their crypto to buy the things that they need without cashing out or converting it into fiat. Cryptocurrencies such as bitcoin will have better chances to increased it's price.

China is planning to launch its own crypto currency and many other countries are going to do the same. Digital currencies are the new ways of doing money business. No country of the world can resist this phenomenon for long. Everyone has to accept them. The earlier someone does, the more  he will benefit out of crypto coins. Once this happens, life will become easy and time will be saved.

China is planning to launch a stablecoin based on CNY. It has hardly anything similar to the other cryptocurrencies such as Bitcoin, Ethereum and Litecoin. Other countries such as Canada and India are also planning to launch similar stablecoins. I would not classify these coins as cryptocurrencies, but rather as digital version of the fiat currency.

Everyone is shifting towards stable coins as if there lies any importance in it. But this makes a whole lot of sense. Governments indeed want those digital currencies to be used by common people that can be controlled. Centralized stablecoins will get high support from authorities. However, people will still choose bitcoin, ethereum and its kind over them. The move will benefit digital market.

[Oneandpure]

In my own point of view, if all countires all over the country wjll start to convert their fiat into cryptocurrency, it will be now convenient for every crypto users to used their crypto to buy the things that they need without cashing out or converting it into fiat. Cryptocurrencies such as bitcoin will have better chances to increased it's price.

but there is no possibilities like that they may at the cryptocurrency as the one mode of payment but none of the country can crash the complete Fiat market and implement the cryptocurrency mode of payment throughout the country.
Because you should understand everyone is not a piggy and if you start using crypto mode of payment for all the time you need to have internet facility and you are device electricity backup all the time so practically it is not possible.

Without possibilities for bitcoin adopting in many country I have optimist with bitcoin become profitable at the future for countries want to adopt bitcoin as legal transaction currency payment. When bitcoin convert as legal currency many people will use bitcoin because can increase profit with bitcoin have good price later, but many country not disagree with bitcoin become legal currency payment.

[AjithBtc]

In my own point of view, if all countires all over the country wjll start to convert their fiat into cryptocurrency, it will be now convenient for every crypto users to used their crypto to buy the things that they need without cashing out or converting it into fiat. Cryptocurrencies such as bitcoin will have better chances to increased it's price.

China is planning to launch its own crypto currency and many other countries are going to do the same. Digital currencies are the new ways of doing money business. No country of the world can resist this phenomenon for long. Everyone has to accept them. The earlier someone does, the more  he will benefit out of crypto coins. Once this happens, life will become easy and time will be saved.

China is planning to launch a stablecoin based on CNY. It has hardly anything similar to the other cryptocurrencies such as Bitcoin, Ethereum and Litecoin. Other countries such as Canada and India are also planning to launch similar stablecoins. I would not classify these coins as cryptocurrencies, but rather as digital version of the fiat currency.

Yes, more controversy were taking place relative to the creation of their own cryptocurrency. Canada is already a technology supportive country, and the initiative taken by them isn't a big surprise. India was opposing the usage of cryptocurrency within the country, and now it has come up with some positive news, but that doesn't seem to be the way for their won cryptocurrency development.