Crypto Become Universal Money?

[conkeconke]

It could be possible as long as that crypto has a lot of countries back up it. The term 'all country' it a bit hard to get since I'm betting there will some stubborn countries won't allow or ban it.

[Iyanu14]

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

There is absolutely nothing that is impossible in life, that is what science and technology believe.  It may not be possible now but it might be in the future.  There have been different eras of means of exchange from time immemorial of different countries; started from trade by barter, to cowries, to goldsmith issued coin and so on, so there is possibility that crypto becomes universal means of exchange.

[Genemind]

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

It's possible yet it will take time. Crypto has been existing for years and they have seen how it developed but then some countries are still doubting it. It will still take time to be adopted but it still has a lot to prove to be a universal money. Stability is one of the thing needed to be considered as a universal money and we all know that the value of crypto is inconsistent so it still needs to undergo lots of tests of time.

[Chukwunonso]

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

I don't think it's possible for all countries in the world to accept one universal money, but it's possible for all countries to support cryptocurrency and use a stable coin for transactions within the country. The universal cryptocurrency as far as I'm concerned is Bitcoin and several individuals and companies accept it as a means of exchange in most countries. The government may not support bitcoin due to the volatility, but businesses and institutions accept it worldwide.

[Bossfidelity]

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

I don't think it's possible for all countries in the world to accept one universal money, but it's possible for all countries to support cryptocurrency and use a stable coin for transactions within the country. The universal cryptocurrency as far as I'm concerned is Bitcoin and several individuals and companies accept it as a means of exchange in most countries. The government may not support bitcoin due to the volatility, but businesses and institutions accept it worldwide.

I agree with you, the idea of having a universal money would go pari-pasu with a universal government. I personally won't like to have a universal government in all the world. Crytocurrency could gain greater acceptance in the world and many more people and government may support the industry in the near future. Let's keep our fingers crossed and hopeful for the best.

[bittick]

it is possible, but I do not think that any of us will be able to alive till this moment. cryptocurrency will definitely take a dominant place in the economic development of the world, but not today or tomorrow

There must be a qualification for crypto that can be considered as a potential choice to be universal money and it's not altcoin. The only coin that has been fulfilling all of the requirement was bitcoin and no more.

There was no even a single utility coin in the market except bitcoin.

[bitgolden]

Crypto IS a universal money, the understanding money is basically what crypto is, you can pay bitcoin and buy 1 kg of apple right? I mean could you technically do it for gold itself? Would be very very hard, you need a very very tiny gold and you need to carry that with you and would be risky, but if you want to buy something more huge, like let's say a house, could you pay in gold? That would be easier, and it means carrying all that much gold. At the end of the day bitcoin is easier, it is harder than digital fiat transfer, that is still easier, but crypto is money anyway in the same manner.

So, at the same time it is universal, you can send money from USA to Japan, you can send it from UK to South Africa, it doesn't matter where you are and the receiver is they will get the money.

[Kasabus]

it is possible, but I do not think that any of us will be able to alive till this moment. cryptocurrency will definitely take a dominant place in the economic development of the world, but not today or tomorrow

There must be a qualification for crypto that can be considered as a potential choice to be universal money and it's not altcoin. The only coin that has been fulfilling all of the requirement was bitcoin and no more.

There was no even a single utility coin in the market except bitcoin.

Yes. Bitcoin can be considered a universal money once it will be legally adopted by all countries and it can be totally used as payment for our daily goods. But this might happen 10 or 20 years from now as there are still lot of countries who only focus on fiat because it can be fully controlled by the government. Hopefully bitcoin can still be considered as an alternative money as another option for fiat as early as possible.

[kawetsriyanto]

So far, many countries have accepted the cryptocurrencies but mostly not for the transaction, only the digital assets. however, it has been good moves for the crypto world to be recognized. basically, one of the main reasons for creating cryptocurrencies is to be universal/global transaction manner without any complicated regulation worldwide. And I think that crypto has the chance to be one of the currencies that will be accepted for global payment methods.

[MCobian]

Of course the possibility of crypto becoming universal money is possible, because no one can guess what will happen in the future.
But of course there are several requirements so that crypto can become universal money, one of which is that all countries legalize
crypto as payment tools. If this happens, crypto easily becomes universal money. But this is not easy to manifest, given the government
fears cryptocurrency will replace fiat.

[Agios]

This is impossible, if crypto is used as a means of payment or universal money. because every country has rules to protect the economic and financial system, although in countries that accept crypto as a means of payment such as Japan, not all stores accept crypto, only for certain regions and stores. Also international traders have not been able to accept crypto because of its volatile value.

[bits4books]

You can't achieve any universality in the market right now and perceive cryptocurrency only as a way to earn - what universal cryptocurrency are you talking about at the state level? In the same EU, where the Euro is everywhere in use, there are countries that for decades have only promised to switch to the Euro (Hello Poland, Hello Czech Republic) but instead continue to print their internal money and do not want to change anything.
You can answer the question yourself - why do you need a universal currency? And do the others need it? This is some kind of dream on the level of youthful euphoria from reading Ayn Rand than some real development of events

[lienfaye]

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

Its possible but wont be easy since there are also countries prohibiting or set crypto as illegal. Before we can see crypto (particularly bitcoin) co-exist with fiat, it should be recognized first of each country to have a mass adoption.

It can happen but there's no certain time when can we witness it. For now lets enjoy the increase of merchants accepting crypto as one of their payment method.

[CHENIEN]

There is a changes if all capital of the nation is unity to accept or access crypto .I think if all chapter has chosen to claim as payment as well I guess I think good dealing to all transaction is very popular.

[Kong Hey Pakboy]

I think there is no chance for cryptocurrency to become a universal money while fiat currency is still existing because the government will still support fiat currency over cryptocurrency. Also, there are still countries who banned bitcoin because it is being used in illegal activities like scam, so it would be impossible for crypto to be used worldwide.

[TrevorS]

What do you mean by cryptocurrency expression? It is enough to look at the current global trends to understand that cryptocurrency is accepted in one way or another in almost every country. It doesn't have a massive reach, but with bitcoins you can find a way to cash or cash in almost everywhere. Will this be the mainstream currency? In the framework of state systems, it is unlikely, because everything depends on the banks. But the possibilities for using cryptocurrencies will expand constantly.

[@baoli]

Have you asked why England not using Euro despite being in EU earlier. All country using Crypto is not going to be possible. We still have Presidents and Prime minsters.

[Chukwunonso]

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

It's possible that cryptocurrency would become a legal tender in some countries. As it stands, I believe that Bitcoin is a universal money, though it may not be publicly accepted, but as far as this forum is concerned and other cryptocurrency forums, bitcoin is a universal money. I haven't seen any cryptocurrency exchange that doesn't list bitcoin as a trading pair to other cryptocurrencies.

[bitterguy28]

What do you mean by cryptocurrency expression? It is enough to look at the current global trends to understand that cryptocurrency is accepted in one way or another in almost every country. It doesn't have a massive reach, but with bitcoins you can find a way to cash or cash in almost everywhere. Will this be the mainstream currency? In the framework of state systems, it is unlikely, because everything depends on the banks. But the possibilities for using cryptocurrencies will expand constantly.

The potentials are high as there are many places and people who already accepting this system, crypto might be a good alternatives

but everything still depends with how government will embrace it, they are the only  voice to decide whether things can push thru

around their jurisdictions, for now what you can do for your assets would be the best thing it takes time.

[dainoran]

In my opinion, to apply cryptocurrency as a world currency or universal currency, it is very far away because each country has its own regulation of currency, but if you use blockchain technology, it is possible that it will be applied by each country.