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October 17, 2020, 03:41:28 PM
 #81

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.

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October 18, 2020, 06:03:28 PM
 #82

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.

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October 19, 2020, 01:48:06 AM
 #83

But these advantages also have a negative impact on all of us in tracking existing transactions. We all cannot detect who owns a certain Bitcoin wallet without direct verification from the user (such as by creating a Sign Message). I further support the blockchain technology which has the possibility to become a major technology in the future with various adoptions in various aspects of data recording.

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October 21, 2020, 10:47:57 PM
 #84

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).
This would have been awesome no doubt ,using bitcoin as a global currency is something every crypto enthusiast want, but the chances of this happening is pretty low or equal to zero, I mean the government will never accept a decentralized currency ,they dislike the people being independent, so that will never happen, although it's possible for a virtual currency to become a global currency, but it will be centralized and controlled by the government.

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October 21, 2020, 11:13:34 PM
Last edit: October 21, 2020, 11:41:15 PM by Darkelf11
 #85

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.

Not all transactions made with bitcoin are secured. The acceptance of bitcoin worldwide is still a debate because of its volatility. Some countries accepts bitcoin as one of their payment method and currency for their living and some are not. Some side of the goverment does not want bitcoin to be legalized because it is taxless and they do not control it unlike what they can do with fiat currency.

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October 21, 2020, 11:36:31 PM
 #86

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.

Not all transactions made with bitcoin are secured. The acceptance of bitcoin worldwide is still a debate because of its volatility. Some countries accepts bitcoin as one of the payment method and currency for their living and some are not. Some side of the goverment does not want bitcoin to be legalized because it is taxless and they do not control it unlike what they can do with fiat currency.

But in some parts of the world, cryptocurrency remittance is already booming as they can send money to their family or relatives with very minimal tx fee via crypto, and their family can just convert their crypto to their local fiat.

If you will check the section in coindesk under remittance, you will read that there are already several local companies accepting crypto other than bitcoin, ripple in particular as part of remittance. I can agree with XRP as their tx fee is really really small as compared to sending your btc to these remittance companies.

https://www.coindesk.com/tag/remittance

This is one good benefit of crypto, transferring money worldwide is easy and will incur you very small fee as compared to using remittance services like WU.

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October 22, 2020, 12:25:10 AM
 #87

As with bank transfers, Bitcoin can remain in an unconfirmed transaction state for a long time, which can lead to delays of one day or more.
It is not beneficial for countries that everyone switches to bitcoin, it is not taxed, and states exist precisely at the expense of taxes.

Nothing is perfect, right?
although bitcoin is quite effective in some ways, there are other parts that cannot be fully reached, or there are constraints regarding the transaction times you mentioned, all depending on network congestion and transaction fees.
Well, we just need to make the most of the opportunities that exist. Instead of choosing one, I think using conventional systems and bitcoin is the best option, so they complement each other.

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October 22, 2020, 12:31:17 AM
 #88

The acceptance level of cryptocurrency has been found high compared to the previous years. Large companies like MicroStrategy and few other investing into bitcoin is the true confirmation for the same. 2020 was marked to be a big year for crypto, because during the pandemic the market kept growing while stocks were crashing. This made more people to give a try to cryptocurrency.

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October 22, 2020, 09:13:05 AM
 #89

Due to the pandemic that hit the world this year 2020 so the acceptance of the majority increased compared to recent years. More people try crypto because of the impact of the pandemic on us due to unemployment and stayed at home because of lockdown. Perhaps the worldwide acceptance will happen slowly, as time goes on and technology continues to be developed.

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October 22, 2020, 09:18:05 AM
 #90

It will take a very long time for the whole world to accept cryptocurrencies on a massive scale. Parts of the world actively avoids using cryptocurrencies through legislation passed by governments in their respective countries.

This is happening because of those governments clinging onto wanting to be in full control of the financial system/framework.
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October 27, 2020, 09:29:32 AM
 #91

On the off chance that bitcoin becomes lawful worldwide, I am almost certain most will change over their fiat with BTC, and it will turn out to be hard for government and banks to follow that individual.
Keeping the bitcoin isn't protected, and simple your wallet can be taken with your misstep.
For instance, that you log in to your wallet somewhere and overlooked logout. At that point, anybody can get to your cash. You'll never reach that person.

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November 03, 2020, 05:53:24 PM
 #92

Well to be frank enough we don’t know what tomorrow have for bitcoin looking at the market analysis but we keep our mind positive and doing our best to build bitcoin community. Bitcoin acceptance is what we all keep our mind positive for, I’m sure Satoshi have these same vision. We should also know that bitcoin is decentralized and will have to struggle hard to be accepted in all countries because the government are centralized and the breakthrough of bitcoin to be accepted worldwide is slim.
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