Why the global currency cannot be 100% internet based and if we will have one

[bitbunnny]

If that currency tends to be global then it should be equaly accessible to everyone, no one shouldn't be excluded.
But you forget that not everyone has internet access and those who have don't have equal speed and quality. So, it's not that simple and if you ask me it's actually impossibe, at least at current stage of new technologies accessibility in the world.

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[FlightyPouch]

The reality is that not everyone has an acess to the internet and not everyone has knowledge about it. We can't always rely on the internet since it's not always available specially if we're not reachable by the internet service provider. No matter what happen, physical currency is still needed specially by small people who can't or doesn't have a time to connect to the internet.

The worst problem here is that they don't even know how to use or even access the internet. In our country, there are still a lot of people that can't use a mobile phone correctly. We are still in the phase where phones are still new, there are still a lot of poor people here. If they can't even use these technologies, having an ISP does not matter. That is why fiat or physical currencies are still needed, it will be a long time before these people keep up with the technology.

[shoreno]

If that currency tends to be global then it should be equaly accessible to everyone, no one shouldn't be excluded.

it can . local currencies like for example usd can be used globally on almost any countries because everyone recognize this currency   . it can be accebsible to everyone because there are money changers for every parts of the world or on any places  ( thats for sure ) you can exchange your currency to usd or usd to local currency  . and currencies like usd can also be internet based because there are payment method online like for example paypal are suporting usd or any other local currencies  .

[Apaxy]

Before making plans for making cryptocurrency the most global currency in the world, you first need to make sure that the Internet is available in every corner of the world.  This is the first.  And the second is the education of people, thanks to which they will understand not only the capabilities of the Internet and cryptocurrency, but also other high technologies that work for the benefit of mankind.  In any case, today I’m sure that more than half of the world's population do not even understand what cryptocurrency is.  And if you take into account the number of old people and children who do not use the Internet or mobile applications at all, it is still too early to talk about whether to globally switch to cryptocurrency as a means of payment or for its massive use in everyday life.

[Mahanton]

If that currency tends to be global then it should be equaly accessible to everyone, no one shouldn't be excluded.

it can . local currencies like for example usd can be used globally on almost any countries because everyone recognize this currency   . it can be accebsible to everyone because there are money changers for every parts of the world or on any places  ( thats for sure ) you can exchange your currency to usd or usd to local currency  . and currencies like usd can also be internet based because there are payment method online like for example paypal are suporting usd or any other local currencies  .

The thing he do meant is on having that global currency as a single not having those multiple local currencies that we do have now and having that single one wont really be that possible yet come to think that each country wont really collaborate to each other and has their own jurisdiction.Own local currency does symbolize its power and economy this is why having a single currency is hard to think off.Also this will result to hoarding up as much as they can yet we know that a country that had much more holdings of this fiat single currency would be considered to be the most powerful among other nations.This might sounds very interesting but this is somewhat complicated to be implied on.

[adzino]

So you are saying there might be people in the future that doesn't use the internet? Lol, you are wrong here. People slowly starts to adopt with everything around them. Look at people decades before. Only few of them used the internet. And now look at most of the people. They all use the internet. Same thing goes for the smartphones. Just few years back most people preferred to use the old mobile phones but now we can see everyone using smart phone. Similarly, everyone in the future will become internet dependent. They will know how to use the internet from the very beginning of their years. Similarly, they will start adopting the usage of crypto currencies.

[blueteam09]

Because there are so many locations in the world without the internet and you can't make an exchange without it. And we have a lot of underdeveloped countries, where the number of people who know the Internet is minimal because they do not have access and learn about it. There are many reasons why they cannot implement in practice.

[senin]

The global currency cannot be completely dependent on the Internet. That would be very risky. In any environmental disaster that affects the normal operation of the Internet, our world will suffer financial chaos. Such an opportunity should not be allowed, even if it is minimal in probability.
The global global currency must be very reliable and provide for various types of its circulation in order to prevent various possible risks.