Help of cryptocurrency in globalization.

[KrisAlex18]

Even without the existence of crypto, globalization has long started within each country. Just the fact that international groups among countries have been formed is proof that each and every country is operating, or at least, wishes to operate in an international scale. Crypto can be one aspect to achieve/prosper in terms of globalization, but it's just a drop in terms of its level. But, in all honesty, operating in an international scale doesn't mean agreeing with a few countries objectives/purpose. In the end, globalization would prosper, but only based on how individual countries do their thing. And, if one country goes up, one country would surely go down, that kind of cycle. I mean, I'm pretty sure we all understand how hungry for power countries are right?

but globalization presume all countries move a little bit towards each other. So every country should become a little less hungry for power each day and each year. So we could meet global currency one day

I really love your confidence! But unfortunately the leaders don't think in similar line. For them, power is more important than anything else! For example, you look at Russia, India, China and US. All of these countries are rules by such leaders who believe in achieving supremacy even at the cost of human lives. So there's no way, they will become less hungry, at least in our lifetime!

Bitcoin is just a currency system controlled by none. It doesn't have to power to bring all nations under one umbrella! 

Well said mate, but I think money is power, and bitcoin is money, so basically bitcoin can really help different countries to be globalized and bring them under one umbrella, a strong relationship between different countries is really important because that is what we can get if our country is globalized enough.

Russia, India, China and US are strong and powerful country, they have so many population in their land, and as we all know they are really advanced when talking about technology, and if I am not mistaken China and US already accept crytocurrency in their land, which is really good for them because they want their country to be powerful continuously using different cryptocurrency. which is I agree because cryptocurrency is really good in terms of fast and safe transactions.

cryptocurrency is indeed useful for transactions between countries, with a faster payment process, which means speeding up business processes between the two parties, so that it will speed up the wheels of development. on the other hand using it can be safer if we understand it wisely

Indeed, if every country has a time for observing and analyzing the advantage of cryptocurrency they will surely accept this in the land. There are already a lot of countries that accept it and it is really worth it for them.

[TheGreatPython]

I guess it doing that already? Think about it, thanks to crypto currency money could move from any nations to any nation and any person to any person without limitations. If I want to send you 30 cents from Uganda to china, how easy it is do you think? I am pretty sure I really can't do that. However using some currency that is small (not bitcoin) like waves or tron or whatever I can send you 30 cents in less than 30 seconds and that's it.

So, as you can see I have always called crypto the "internet of money" because it is bringing people together and it is making a global currency right now. It may not be used as much as we would like to but it is certainly used a bit and that is certainly getting more and more common as well eventually leading to crypto being the most preferred country to country money transaction method for sure.

[Magkirap]

I guess it doing that already? Think about it, thanks to crypto currency money could move from any nations to any nation and any person to any person without limitations. If I want to send you 30 cents from Uganda to china, how easy it is do you think? I am pretty sure I really can't do that. However using some currency that is small (not bitcoin) like waves or tron or whatever I can send you 30 cents in less than 30 seconds and that's it.

So, as you can see I have always called crypto the "internet of money" because it is bringing people together and it is making a global currency right now. It may not be used as much as we would like to but it is certainly used a bit and that is certainly getting more and more common as well eventually leading to crypto being the most preferred counotry to country money transaction method for sure.

Yes it really does help globalization more visible, in terms of trasferring money from any country to another country it really does exceed the capability of what fiat currency can do, it will connect businesses across the country more easily and more faster but of course everything has its weakness and the weakness of this is i think it has a low chance of transferring of the influence of cultural knowledge or what we called social globalization from one person to another coming from different countries but in a nutshell it really does help globalization but not all parts of it.

[KrisAlex18]

The thing I like the most in the cryptocurrency is the globalization it offers mainly in the cross border payments which is very costly right now which can be done in one-hundredth of the traditional means and as you mentioned payments during the export of goods which is hectic and highly dependent on time-consuming banking system which can also be easily overcome with the cryptos in just minutes

Well said mate, different transactions of cryptocurrencies are much faster than the fiat currencies, so if the country will accept the cryptocurrency in their land, then for sure they will be globalized as soon as possible. If all the countries will see the benefits of having cryptocurrency then for sure they will become a better country, just like what New York did, they plant a generator for crypto mining machine which is really worth it because they are now earning for 50,000 USD everyday, that is so big they money that they spent for planting the project is really big but it is worth it because of the earnings they may have everyday, and for sure it will be bigger soon because it is still new.

[abhiseshakana]

...
If we use cryptocurrency in exporting different kinds of stuff and goods then we will have faster transactions which are really good especially when talking about economics.
...

I, as an exporter, would be very happy if payments could be processed using bitcoin, which means my cashflow will get better. It's just that this can be done if the exporter and importer copy trust each other. L/C (letter of credit) remains the safest choice in export-import transactions, especially with large transaction value.

Cryptocurrency will not help globalization, because crypto in globalization is only an object, not a subject. The phenomenon of globalization and integration of the world economy has made our world increasingly borderless. With the assistance of the development and progress of information technology, many countries and individuals are becoming increasingly connected with one another globally. Cryptocurrency without us denying indeed facilitates cross-border payments but some individuals can also be misused for cross-border funding. so it all depends on the commitment of individuals, groups, and countries.

[arrmia11]

cryptocurrency is indeed useful for transactions between countries, with a faster payment process, which means speeding up business processes between the two parties, so that it will speed up the wheels of development. on the other hand using it can be safer if we understand it wisely

Yes you are absolutely right cryptocurrency is so very useful in trading and buy and sell because you can easily buy what you want using bitcoin and you can also trade faster and it so very useful in our country and in our daily lives you all need is to mined it or invest for it

[TheUltraElite]

I think OP's title is on the contrary because cryptocurrency is born out of globalization and not that cryptocurrency helps in globalization.

I feel these two different words which do not have any direct correlation. Maybe a single mode of payment unifies people from the globe. So the second phrase is more correct.

But I think that cryptocurrency is the benefit from globalization because people now adapt to the new or growing financial system from other countries which is cryptocurrency or digital payment system.

There are other digital payment systems too. Bitcoin got its popularity from the price changes that were huge in terms of dollar cost. The there were the bad PR of bitcoin being used to fund wrongdoings, even though fiat has always been used in the same manner.

It is still a long way from globalization and this is a longshot idea but possible.

[KrisAlex18]

...
If we use cryptocurrency in exporting different kinds of stuff and goods then we will have faster transactions which are really good especially when talking about economics.
...

I, as an exporter, would be very happy if payments could be processed using bitcoin, which means my cashflow will get better. It's just that this can be done if the exporter and importer copy trust each other. L/C (letter of credit) remains the safest choice in export-import transactions, especially with large transaction value.

Cryptocurrency will not help globalization, because crypto in globalization is only an object, not a subject. The phenomenon of globalization and integration of the world economy has made our world increasingly borderless. With the assistance of the development and progress of information technology, many countries and individuals are becoming increasingly connected with one another globally. Cryptocurrency without us denying indeed facilitates cross-border payments but some individuals can also be misused for cross-border funding. so it all depends on the commitment of individuals, groups, and countries.

Well said mate, bitcoin is the best currency to use when we are going to export or import goods and stuffs, bitcoin can be used in payment to make the transaction faster compared to the use of fiat currency. If all the countries see the benefits of using bitcoin then for sure they will understand what we are saying, bitcoin can really helps the economy, it can be alternatives in the fiat currency especially as of this moment when COVID-19 is continuously spreading all over the world.

The phenomenon of globalization and integration of the world economy has made our world increasingly borderless.

Actually that borderless thing is not really true, because there is still unfair treatment to each everyone in our land, the government treat better those who have higher status in life compared to those not. There are still so many people hungry, lack of help and lack of attention from the government.

[KrisAlex18]

I guess it doing that already? Think about it, thanks to crypto currency money could move from any nations to any nation and any person to any person without limitations. If I want to send you 30 cents from Uganda to china, how easy it is do you think? I am pretty sure I really can't do that. However using some currency that is small (not bitcoin) like waves or tron or whatever I can send you 30 cents in less than 30 seconds and that's it.

So, as you can see I have always called crypto the "internet of money" because it is bringing people together and it is making a global currency right now. It may not be used as much as we would like to but it is certainly used a bit and that is certainly getting more and more common as well eventually leading to crypto being the most preferred counotry to country money transaction method for sure.

Yes it really does help globalization more visible, in terms of trasferring money from any country to another country it really does exceed the capability of what fiat currency can do, it will connect businesses across the country more easily and more faster but of course everything has its weakness and the weakness of this is i think it has a low chance of transferring of the influence of cultural knowledge or what we called social globalization from one person to another coming from different countries but in a nutshell it really does help globalization but not all parts of it.

Well said mate, yes there is so many advantage of using cryptocurrency in exporting and importing goods, like it makes the transaction faster, but of course there is also disadvantage with that, the money online is more valuable of being stolen, there are so many hackers and scammers in this virtual world, there are so many professional hackers that even the most secured website are being hacked by them. I hope that if cryptocurrency will be given a chance to use in transferring money in different country when exporting and importing happens, it should have full security, our government should have so many experts in data security, to avoid hackers.

One thing that can be disadvantage of bitcoin is, there are still so many countries that are not evolving or those who cannot adopt to the emerging technology, so by that, they cannot follow the transactions because they are not known in terms of cryptocurrency.

[rodskee]

Do you believe that cryptocurrency will help our country to be globalized? Or are those people who are against having cryptocurrency for our country to be globalized?

what i am surely believe is there are no people that against having cryptocurrency instead they are just afraid for some reason that they don't really know what this cryptocurrency is all about.
but yeah this my country can be globalized by this market,and it is starting now because of the advantage of crypto,many of my countryman are now entering this investment and for me?this is what people need to know for us to finally get adopted by the world.

[Janation]

I think this depends on the country that we are talking about.

Despite Bitcoin known throughout the globe, there are still those countries that banned Bitcoin and other cryptocurrencies. And we've already done this, I remember talking about this 2 years ago, seeing it right now really brings back memories.

[Assface16678]

I think this depends on the country that we are talking about.

Despite Bitcoin known throughout the globe, there are still those countries that banned Bitcoin and other cryptocurrencies. And we've already done this, I remember talking about this 2 years ago, seeing it right now really brings back memories.

Today only a few people appreciated the use of cryptocurrency and some of them are making a lot of market investment with the use of it and some of the people today are making a lot of income with the help of crypto. It becomes more accessible for adapting towards the future because we are making the transaction online. After all, it is faster and secure. If we are trying to seek the benefits of the cryptocurrency it is better than the traditional way because also today we are facing some problem like the virus spreading and now one of the most popular payment is through online because we are now avoiding having contact with the use of the objects like the money. Also, we can make a lot of profit and income with the use of cryptocurrency and that was a good thing about this but always make sure make a research and study to avoid losing money because of the market volatile.

[fiulpro]

Unfortunately I do think globalization does require one thing and that is

- approval of the government

Bitcoins is approved by many governmental bodies but at the same time it does not stop the government from putting people using bitcoins in a lawsuit and banning it in various parts.

Anything which is globalized needs to be officially represented to protect itself against these counter negative laws and regulations .

Also governmental approval is much needed . Not 1-2 government but all of them .

[Janation]

Also, we can make a lot of profit and income with the use of cryptocurrency and that was a good thing about this but always make sure make a research and study to avoid losing money because of the market volatile.

This is the reason why people hate it.

They thought that they could earn money here but they don't understand how volatile the market is. They thought that they could easily earn a profit but we all know there is no safe haven investment. Losing in this market is inevitable so we should also let them know that if they will be investing in this cryptocurrency or other cryptocurrencies as well, they should be ready for it.

[bitgolden]

The trouble with globalization thanks to crypto is the simple fact that if you move money out of one country to another there are legal parts involved and so you can't do that as a big company dealing with a lot of money. However the smaller people like freelancers could take advantage of this globalization.

Like import/export company may have a trouble and that is understandable because it is a huge company that takes care of these things but a person who is a coder that works with someone in another nation getting 2000 dollars from them with crypto would probably not be a problem, there is a vast difference between those things even if the amount of money they deal with is literally the same. A trucker who gets 2000 dollars is different in legal ways compared to a coder who gets 2000 dollars for a code he writes when it comes to laws.

[verita1]

Cryptocurrency must give the world more confidence to be accepted. Less volatility would be ideal and so if we could say that it can help make globalization better for all who participate and without disadvantages. I have done my tests of offering to pay with crypto in some business of my locality and I have not had a positive answer so I must conclude. That it takes knowledge and good market behavior for cryptocurrencies to be accepted.

[iv4n]

Ethereum Co-Founder Pronounces 20th Century World Order Dead
https://cointelegraph.com/news/ethereum-co-founder-pronounces-20th-century-world-order-dead

Article is great! Charles Hoskinson have a strong argument's here, and he is pretty much right about current situation and what future holds for us.

“What we are looking at right now is the unraveling of the economic order of the 20th century... Winners and losers that had certain assumptions about how power should work, how money should work, how credit should work, how finance should work, how information needs to flow. And this economy was sustainable and stable when information was not instantaneous. And when it was totally acceptable to have empires, meaning one or two nation-states being supreme above all others and establishing all the rules and regulations.”

This is true, and with internet and crypto information will flow, nobody is able to control or change information once she gets cemented in some chain. Internet and crypto together will create a new world order, where information about everything you wish to know will be available to you. We are heading towards more transparent world, and that will be good for all of us! Not just for few people who run the show and control everything. Read article, it's good and you will understand more about what is happening right now.

[criza]

Do you believe that cryptocurrency will help our country to be globalized? Or are those people who are against having cryptocurrency for our country to be globalized?

Well, we have all different perceptions regarding cryptocurrency, but for me, cryptocurrency can be a great help to make our country globalized, Cryptocurrency is much safer and faster compared to fiat currencies when we are talking about transactions because all things happen through online or internet is great compared to the real world.

If we use cryptocurrency in exporting different kinds of stuff and goods then we will have faster transactions which are really good especially when talking about economics.

I have read a thread about this thing but actually, it was already different as of this year, our economic always change so I made this thread if there are already changes in the perception of others as of this year.

This is the link related to this post.
https://bitcointalk.org/index.php?topic=4655347.0

It is a fact that Cryptocurrency is a faster way to do transactions all throughout the globe because of its unique characteristics that is always available anytime and wherever you are with just the internet. It is also great because, the transactions made with Cryptocurrency is private and can't be traced by anyone. But, with its capability to secure transactions also comes the threat in which it might be used in unlawful acts that might be a risk to the welfare of the people around the globe.

Regulations might not make Cryptocurrency what it is in the present but, it is safer that way.

[tbterryboy]

I don’t see the possibilities of that happening. The way I see it, things are going to remain as it is and Bitcoin will just remain an asset that will be used by those who wants to make use of it, I only hope that it is declared legal in every country so that it can be accessed by everyone.

You might be wondering why I said it can’t be adopted by the government but they can only just declare it as legal asset, reason is that Bitcoin can’t be regulated, and that’s what the government is all about – having control over everything and they won’t adopt BTC since they can’t control it. But I do think that it might be possible for them to control BTC if they join hands together, though they will never agree to that.

[Yatsan]

I don’t see the possibilities of that happening. The way I see it, things are going to remain as it is and Bitcoin will just remain an asset that will be used by those who wants to make use of it, I only hope that it is declared legal in every country so that it can be accessed by everyone.

As per country, there are lots of things to be organized especially in financial terms which is the very reason why most of countries are implementing such laws putting cryptocurrencies as a new added economic class. By this time we already have plenty of adoption process but for a mean time it might slow down as we are experience a shake from the world with the current situation. Bitcoin will remain an asset if we let it stay that way but it ain't if we are capable and brave enough to face the sole purpose why the bitcoin is created.

You might be wondering why I said it can’t be adopted by the government but they can only just declare it as legal asset, reason is that Bitcoin can’t be regulated, and that’s what the government is all about – having control over everything and they won’t adopt BTC since they can’t control it. But I do think that it might be possible for them to control BTC if they join hands together, though they will never agree to that.

Hope the majority of the government will do it, make it legal but also have their own regulated digital coin but wouldn't it be their enemy? centralize vs decentralize? Controlling bitcoin won't be that easy as anonymously people are way too powerful than the government.