The acceptance of cryptocurrency worldwide

[tanjiran]

Possibly, regulations around the cryptocurrency world wouldn't give the opportunity for the global adoption to take place. Until these stiff regulations are out of cryptocurrency world global adoption will be a big challenge, though there are good numbers of acceptance from the cryptocurrency but it adoption hasn't been felt. Hope to see some of cryptocurrency problems regarding regulations be solve within a short period of time.

It will take a very long time to wait for global acceptance. Just enjoy the process and I am very grateful that many people realize that cryptocurrency provides great benefits, as evidenced by the increasing adoption of cryptocurrency in the real world. All systems have pros and cons, right? moreover, cryptocurrency is a new technology. Don't worry too much about complicated things, just think about how we can take advantage of the opportunities in this crypto world.

[GeorgeJohn]

Its obvious that the possibility is not in doubt for all countries to accept means of payment with cryptocurrency especially bitcoin, because looking at what is happening currently the evidence is quit clear that many countries has started legalising cryptocurrency especially bitcoin in there societies, so the Chance of been adopts bitcoin for salary of civil servants or industrial workers is there without problem.

I seems that paying workers with bitcoin, it will not generally accepted by everyone but for certain individuals that will compromise to it, because some person's in some countries don't really know rudiments of cryptocurrency especially the most populous crypto known as bitcoin how it operates,and even some certain old adult's taught that Btc is scam and them can't allow their payment to come with bitcoin, only people that will slightly accept payment via Btc should be the young adults, and before every young adults accept it massively it will be legalized by their country, which the country law makers will implement.

[Lycan70]

Accept to be payment, yes obcourse it might be very possible for cryptos to gain this on the long run. But as the center of finance of a country, I dont think so. Bitcoin cannot be controlled by anyone, meanwhile the financial system of a country should be well manage and always guided by the central banks. Let's just advocate for crypto as a legal tender.

[charlesmichel1]

If it had been so easy, most countries would have accepted cryptocurrencies long time ago. Unfortunately, the mass adoption is a complicated process.

[LePB007]

It will still be very long... but it's on the way! We have to be patient, this is a major change in the financial world.

[Lorence.xD]

The future global currency will not be based on Bitcoin or any of the current alts in my opinion. It will be a centralised virtual currency operated by the banking elite.

It will be the scariest thing that can happen. They may paint it as virtual currency but they will still be using the old system. Although it is a scary thing to imagine, it is still has a long way to go before it can happen on a global scale. With the current political climate of superpower countries, it speeds up an unprecedented future for everyone in the world.

[Alucard1]

There are many things to be considered first before it happened and I think it will take so long years. The good thing about it, even though many countries do not accept bitcoin they still allowed some people to have a crypto transaction, like transferring funds, trading, and investing.

The future global currency will not be based on Bitcoin or any of the current alts in my opinion. It will be a centralized virtual currency operated by the banking elite.

That's true, of course they wouldn't choose the decentralized one because they can control it at all, banks and crypto are different ones and they are still on favor of banks because many people are using it and this is the tradition of many countries.

[kotajikikox]

If all countries can accepted crypto currencies in there various countries, as a means of payment and as a means of online exchanges, such as money is, money is anything use as a means of exchange and general acceptable. With the means I think all cryptocurrencies (bitcoin) will definitely go round the world, and will be use as a means of exchange. I will be so grateful to the creation of crypto currencies. This will also help our future generation, Remember something when we do international transfer across the countries, it may take a while to get the money to your local bank account, but with cryptocurrency you can get instant reflection if bitcoin etc is transfer to wallet,And you can make use of your coin (bitcoin ETC).

bitcoin has already around the world though in many countries it is not accepted yet people of those countries still accumulating Bitcoin for Holding.
also Bitcoin can be use as transaction material.
and also converting into Fiat is so easy(well that's in my country) that you an just send the amount into your detail and the Money can be picked up in each branches of Money order company.
but i know in other countries bank account is a must before converting your bitcoin into currency.

[MCobian]

In the near future, it seems impossible for cryptocurrency to be accepted in all countries, because there are still some countries that
prohibit the use of cryptocurrency. But in a few years, finally all countries in the world will accept Bitcoin, but it is impossible to become
a global currency to replace fiat. Because fiat has been used for thousands of years by humans, so it is impossible to simply replace it
by Bitcoin. Moreover, Bitcoin cannot be controlled by the government, therefore it is possible that Bitcoin is only an alternative payment.

[Debonaire217]

If the case will be for the entire cryptocurrency adoption, this is really revolutionary, it could change the financial transactions leading to development. But my opinion if we will consider bitcoin for overall transactions, I can say, bitcoin is not the suitable crypto to deliver exactly what we need. But bitcoin could unite the world by being the standard financial asset for savings as its value is becoming good, as time passes by. The procedure could be like this, everyone could store their funds on bitcoin, convert it to suitable crypto based on their needs (Maybe based on their area, transaction speed, transaction fees and other factors). Meaning, that Bitcoin still, accomplish it's purpose to unite the world.

[milesfull]

There are still low level of acceptance of cryptocurrency worldwide. In some countries it still illigal.
First problem - regulation
Second - low amount of users that really want to pay with crypto

[Genemind]

Bitcoin is created to function as an alternative for cash. However, it will take time before Bitcoin or even crypto as a whole to be recognized as an alternative fiat because not everyone is aware of it yet,  and crypto is not yet accessible to anyone yet. Not all merchants are accepting crypto, the function of crypto as of today is limited.

[lovesmayfamilis]

Undoubtedly, the future belongs to cryptocurrencies. But I don't think it will be a single cryptocurrency for all countries. The main issue today is the lack of widespread adoption of cryptocurrencies by states.
Blockchain technologies became very interesting for many countries for some time, but due to the lack of legislative interest, they ceased to be relevant. Until cryptocurrencies are regulated by the government, cryptocurrencies cannot be the one currency for everyone.
However, some countries are interested in their own cryptocurrency. Russia plans to create its own crypto-ruble.
https://cointelegraph.com/news/five-russian-banks-express-interest-in-piloting-digital-ruble

China also introduces its own crypto-yuan.
https://news.bitcoin.com/digital-yuan-giveaway-10-million-central-bank-digital-currency/

[Kong Hey Pakboy]

In the near future, it seems impossible for cryptocurrency to be accepted in all countries, because there are still some countries that
prohibit the use of cryptocurrency. But in a few years, finally all countries in the world will accept Bitcoin, but it is impossible to become
a global currency to replace fiat. Because fiat has been used for thousands of years by humans, so it is impossible to simply replace it
by Bitcoin. Moreover, Bitcoin cannot be controlled by the government, therefore it is possible that Bitcoin is only an alternative payment.

It will take a long for everybody in other countries to accept bitcoin and other cryptocurrencies because they still don't consider bitcoin as a currency and good investment due to vast numbers of scams fraudulent activities. Also, Bitcoin is decentralized that no organization or person can control bitcoin, not even the government; that is why the government still supports fiat over bitcoin.

[jaresmerel001]

No government regulates cryptocurrency centrally, so each government takes different approaches to controlling bitcoin and other cryptocurrencies. The power to shift the cryptocurrency market is granted by new bitcoin regulations, Regulations will depress the trading values of cryptocurrencies in the short term, in the long run, controls are supposed to balance the economy and make it a safer investment if done correctly.

[semobo]

If bitcoin was accepted by everyone and the uses this as only currency to pay for everything then it create its own problems, mainly the transaction fee and waiting time because that has been the biggest issue of bitcoin whenever the price of bitcoin rises.

[btc78]

International transfers between countries via bitcoin or other cryptocurrencies can be done by anyone, but unfortunately we still need traditional banking to withdraw crypto funds into local currencies, and it happens here. looking forward to cryptocurrency adoption is my hope too.

Nope it depend in which country you live because in mine there is no need for banks to convert the Bitcoin to fiat because there are money order
 company that offers the service with very minimal transaction fees so i believe that in some part this is much easier than others.

If bitcoin was accepted by everyone and the uses this as only currency to pay for everything then it create its own problems, mainly the transaction fee and waiting time because that has been the biggest issue of bitcoin whenever the price of bitcoin rises.

i don't think this will happen soon,it will take very long time before the world will use a single currency.

[Fredomago]

Bitcoin is created to function as an alternative for cash. However, it will take time before Bitcoin or even crypto as a whole to be recognized as an alternative fiat because not everyone is aware of it yet,  and crypto is not yet accessible to anyone yet. Not all merchants are accepting crypto, the function of crypto as of today is limited.

So far that's how things still works, they acceptance is not that much to consider being an alternative fiat, people who supports and acknowledge bitcoin is still small compared to each digital currencies.

But in due time things will happened along the way, we witness how bitcoin being used during this pandemic situations, lots of interest are flowing around and additional businesses are also starting to accept bitcoin/ crypto.

Slowly but much better than to hype like a bubble then dumped along the way and be forgotten.

[finaleshot2016]

International transfers between countries via bitcoin or other cryptocurrencies can be done by anyone, but unfortunately we still need traditional banking to withdraw crypto funds into local currencies, and it happens here. looking forward to cryptocurrency adoption is my hope too.

Same case here in my country. We still need the traditional way which is the banking system for us to withdraw our money and use those we have earned through trading and such. Also, it's impossible for a worldwide adaptation since some countries already banned the use of cryptocurrency.

And also, there's a lot to consider such as the control of money and the internet provider which is some countries are having difficulties with the connection.

[oprahwindfury]

Bitcoin transaction is secure and fast although Most the countries government  will not allow bitcoin or any decentralised coin as their currency because they don't have control on it and They are unable to  know the earning source and amount.As if bitcoin Is very secure so My bitcoins will be useless if I died and my family members or any of them cannot use it for them.So this process is not taking place.