Crypto Become Universal Money?

[BestEarningTips]

It is possible that  someday all country accept Crypto Currency and it will become Universal Money?

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[1715231439]

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[Sulman326]

if all countries accept the crypto I think it's impossible because each country has a legal basis legislation in different laws currencies that do not can be changed for the money eyes cryptocurrency could be the currency of all the countries I think is very difficult because there are many countries who see illegal cryptocurrency and unbelievably risky to be made tool payment for buying and selling value very quickly down and quickly rose so quickly.

[forexandcryptoauditor]

At the moment there are many countries hesitating to accept cryptocurrencies due to its meaning of alternative to cash or their own currency. Sooner or later they will accept it but maybe with some regulations behind it. At the moment I see only Bitcoin which has the potential to become universal currency if accepted by all countries.

[tycsols]

It is possible that  someday all country accept Crypto Currency and it will become Universal Money?

Crypto is already a truly universal money because it is being bought, sold, exchanged and transferred from and to any country in the world without any restrictions and in a hassle free way which other real world currency can do it for you.
So the fact is that crypto is already global and it is just the local regulators and authorities in some countries that declared it illegal but then again still they cannot stop it and sooner or later all these people are also going to accept it, it is just a matter of awareness and policy.

[bhadz]

It is possible that  someday all country accept Crypto Currency and it will become Universal Money?

Yes. Just like US dollars as the basis of most countries, the world can live with bitcoin as the universal money as long as they won't declare it illegal. And there is monetary value for bitcoin so they can actually treat it as a money and can't ignore it.
It can happen but we don't know until when it's going to be the actual time that it's going to be used by most countries. But even without the validation of government, just like now, it's already being used by individuals in every parts of the world.

[The cure]

I think it's possible to happen, right now there are so many people in different counties are already using cryptocurrency because it is convenient to use and also hassle free to transact. Specially today that we are in the face of pandemic it really matters that we don't have to go outside our houses to make transactions like paying our bills. Because of it's decentralization anyone can use it without any regulations to be followed.

[TravelMug]

It is possible that  someday all country accept Crypto Currency and it will become Universal Money?

It's possible, but there will be strict restrictions and regulations that are going to be imposed by governments.

And there are countries now that have their own crypto, called CBCD (Central Bank Digital Currency), so that alone indicates that we may be heading on that direction.

But to truly become universal like bitcoin BTC, I don't think that governments are going to allow it though. But I'm happy to what we are witnessing today, as crypto is really growing and you can call it adoption already. I'm not going far stretch for crypto to be a single monetary unit like USD or Yen Or UE.

[shinratensei_]

It is possible that  someday all country accept Crypto Currency and it will become Universal Money?

It's possible and it looks like that this has already started to happen, you should try to check this news https://www.coindesk.com/bitcoin-is-a-form-of-money-d-c-federal-court-rules-bloomberg

I will not think it will replace the fiat but it will be considered as alternative money (digital money)

[brrzzz]

If any country at the moment accepts on an equal footing with national money, then with such price jumps, it may lose the country) .. I'll buy myself a piece of some country.

[samcrypto]

It is possible that  someday all country accept Crypto Currency and it will become Universal Money?

We are slowly getting there and I know it will happen at no specific time. I just heard the news in US that they accept bitcoin as real money and this can be a good progress to all of us. The only question here is that, will bitcoin stick to its limited supply or there's a chance that it can still be increase since if the mass adoption begin, there will be a limited supply of bitcoin and its price will become more volatile and expensive. Let's all hope for the better, we need this real digital money under no control of anyone, and transact freely without experiencing loads of paper to fill up and wait for days of transactions.

[Zuilhsa]

Cryptocurrency becoming universal money won't be happening in the short, right now few countries have shown interest of legalizing cryptocurrencies analysing and knowing the need for it. Some countries have even started to create their own cryptocurrency, so that it can be used within the country and government can have complete control over it. These days the digital transaction has increased, but there is no big adoption towards cryptocurrency. Maybe this can happen in the future.

[Genemind]

It can happen, but we need massive adaptation. The current state of crypto is way far for it to be used globally. A few merchants accepts crypto and crypto is not accessible to some areas especially rural areas. We need crypto awareness and acceptance by the mass, merchants and even government to be able to acknowledge as an alternative currency.

[Serco]

soon or later cryptocurrency will accepted as general payment system. it will not accepted as money but it will used as payment that didnt replace fiat. as alternative payment cryptocurrency have different function that is used as investment portofolio too. so when we used it we will take advantages when its price rise.

[riso2015]

It is possible that  someday all country accept Crypto Currency and it will become Universal Money?

It's possible and it looks like that this has already started to happen, you should try to check this news https://www.coindesk.com/bitcoin-is-a-form-of-money-d-c-federal-court-rules-bloomberg

I will not think it will replace the fiat but it will be considered as alternative money (digital money)

Cryptocurrency can work together with fiat money, because digital money is only used to buy or pay online, I am also sure that in the future Cryptocurrency will accepted by all countries, maybe only a few countries rejected, but that's okay, because those who did not accept Crypto would become an ancient country.

[Reatim]

It is possible that  someday all country accept Crypto Currency and it will become Universal Money?

That is not easy mate because there are countries that will always oppose in adopting Bitcoin and this is the sad reality.
Imagine how this will effect their Currencies and also their Governments when decentralized currency took over?
I think for the next 10 years? this denial will continue and we cannot change that way.

The only thing that must matter on us is that the usage of this and the profit we get in trusting and investing in this.
My own country has no adoption still but no denial also.

[Blue_oxen]

It is possible that  someday all country accept Crypto Currency and it will become Universal Money?

That is not easy mate because there are countries that will always oppose in adopting Bitcoin and this is the sad reality.
Imagine how this will effect their Currencies and also their Governments when decentralized currency took over?
I think for the next 10 years? this denial will continue and we cannot change that way.

The only thing that must matter on us is that the usage of this and the profit we get in trusting and investing in this.
My own country has no adoption still but no denial also.

Yeah you're right. The cryptocurrencies have the ability to be a global money, however, not many countries willingly accept it because they will try to keep their fiat money in charge. What we can expect in the near future is that some of those countries such as the U.S, Canada, EU will accept crypto payment in regular and daily transactions!

[CryptoDost]

The new currencies should be treated seriously, as they are a way to influence the market for their incorporation and subsequent investment, recently there are many projects concerning the blockchain that are very useful, one that caught my attention was MintMe.com that allows you to save and market your work in the form of tokens that you can exchange within the platform.

[CryptoYar365]

Should cryptocurrencies take over entirely, new infrastructure would have to be developed in order to allow the world to adapt. There would inevitably be difficulties with the transition.Established financial institutions would likely have to scramble to change their ways.

[Beparanf]

It is possible that  someday all country accept Crypto Currency and it will become Universal Money?

In my opinion, the government is difficult to legalize crypto as a currency or payment instrument. But the Government can allow transactions using cryptocurrency because cryptocurrency is peer to peer. The government already has various financial instruments including the Central Bank making it difficult for the government to make crypto as a legal payment instrument other than the currency issued by the government

Some government are making cryptocurrency hard to deal with, while impact they can still legalize it with some limitations. In my country it's not yet legal but it's not also illegal. There is already a registered exchange for trading, a wallet for transfer via online or banks, a Bitcoin ATM and a bank accepting it for deposit without any issue from the government,they just require KYC for registration. I guess that's what only matter for them to make it legal unless people really don't want to do KYC that becomes a problem.

[pragna]

It is possible that  someday all country accept Crypto Currency and it will become Universal Money?

Actually at this moment its impossible to say this where maximum countries of the world not accepted it. But positive side that in this pandemic situation crypto has explored massive way and maximum government thinking about it. As a result we saw US bank make custody system of crypto for their people. Russia also thinking about it. So i can say here if it goes in this way one day it will be universal money.

thanks.