The acceptance of cryptocurrency worldwide

[Coroline]

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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[Traderbtcc]

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.

[Darkelf11]

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.

[tippytoes]

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.

[gundala]

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.

[Vaskiy]

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.

[The cure]

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.

[Beyerd17]

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.

[Crptomagma]

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.

[Swopon]

At the starting of BTC, the time was not suitable as this time. The time was more tuff but people accepting BTC more day by day. So it getting popular than the time of entrance. The acceptance of cryptocurrency increases continuously. So we hope one day there will no boundaries for cryptocurrency as well it will become the easier way of trading in the world.

[Crptomagma]

Cryptocurrency is for the earth so it’s certainly going to be accepted worldwide but a function time because I know of some countries who don’t accept the Cryptocurrency but like I said it’s a function of time they will appreciate digital currency.

[faulkner27]

Cryptocurrencies are global and will not be affected by decisions made by the government of one country or the other. With the advent of new technology, the older systems phase out giving way for new ones. A cryptocurrency is a virtual currency that is secured by nearly impossible to counterfeit cryptography.

[emmybd]

Cryptocurrencies are very famous nowadays. Almost everyone knows about this transaction system. Cryptocurrency is a very easy transaction system. These days, more and more people are accepting cryptocurrencies.
Recently, PayPal have announced that they will soon allow users to exchange money by using cryptocurrencies. This announcement raised the value of cryptocurrencies more. Day by day users of cryptocurrencies are increasing incredibly. Cryptocurrencies are considered illegal in many countries as financial authorities can't control it. But it is famous among traders and investors. It's difficult to say the future condition of  cryptocurrencies. It is said that cryptocurrencies can not be acceptable unless it is regulated by governments or financial authorities. Although, People are accepting cryptocurrencies but a lot of them are still reluctant to accept it. On the other hand, most of the countries are planning to ban cryptocurrencies. Unless regulating properly cryptocurrencies will not be accepted worldwide.

[Xinarae*]

Acceptance of cryptocurrency is increasing worldwide and the demand for crypto is increasing reaching a position of improvement in keeping pace with technology many countries around the world including the United States, are entering the crypto world because of their support for PayPal crypto, and the benefits of cryptocurrency adoption and blockchain are much higher. Digital currencies are exchanged online all information in the exchange is confidential most of the time unknown older systems as well as newer systems are increasing the acceptability of crypto.

[Vishnu.Reang]

Unpopular opinion: Though there's zero doubt that it's better, Bitcoin doesn't need to be "accepted" by every country's governments and accepted by most merchants to be "successful".

Absolutely, it doesn’t just need mere acceptance by countries. Bitcoin is already successful, more success will depend on usage and per the value of bitcoin in recent times, you need no one to tell you that bitcoin is a success.

We don't need acceptance or endorsement of any kind. But I would like the governments to leave cryptocurrency on its own, without much external interference. Almost all the users are willing to pay whatever taxes that are due on trading with cryptocurrency and a majority of them are willing to undergo the KYC process as well. For the honest governments, there is nothing to worry from cryptocurrency. However, the case may be different for those countries with highly manipulated markets and economy. In such cases, the citizens may use cryptocurrency as a store of value, and the government authorities may not be comfortable with such usage.

[panganib999]

Unpopular opinion: Though there's zero doubt that it's better, Bitcoin doesn't need to be "accepted" by every country's governments and accepted by most merchants to be "successful".

Absolutely, it doesn’t just need mere acceptance by countries. Bitcoin is already successful, more success will depend on usage and per the value of bitcoin in recent times, you need no one to tell you that bitcoin is a success.

We don't need acceptance or endorsement of any kind. But I would like the governments to leave cryptocurrency on its own, without much external interference. Almost all the users are willing to pay whatever taxes that are due on trading with cryptocurrency and a majority of them are willing to undergo the KYC process as well. For the honest governments, there is nothing to worry from cryptocurrency. However, the case may be different for those countries with highly manipulated markets and economy. In such cases, the citizens may use cryptocurrency as a store of value, and the government authorities may not be comfortable with such usage.

Not all country accepted the idea of bitcoin or in general, cryptocurrency. As I understand, one of the main issue or problem of cryptocurrency regarding the goverment is that, some politicians want to control the transactions made out of it. They want to put some high taxes to it so that they can or make profit out of it. Most of the payment online is made out of cryptocurrencies now. Cryptocurrency such a good idea of making transactions moreover in this situation what we are facing. It is more cashless so the virus might not spread throughly. Acceptance of bitcoin is a big idea that is more positive today and I can say that it must be accepted in many country or moreover in worldwide because it would be a great help to many people, company and however, country itself.

[Rruchi man]

 if a person has 100 bitcoins and after that person dies without showing the family private keys and password, how will the family benefit from bitcoins?

Coincidentally, a friend and i had a similar discussion yesterday. If one considers telling family that he has 100btc in a wallet and gives out the private keys while still alive, what is the assurance that his btc will not be swindled?
   
I think a if I have a 100btc, the way to make my family benefit from this in a case where i die is to write down the private keys and put it in a safety deposit somewhere. And then include in my will, that access be granted to a certain member of the family to access the deposit box if i die.
 
Do you see this as a reasonable solution?

[0t3p0t]

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 is volatile mate but that depends on every company or country to accept Bitcoin as a mode of payment to goods and services. Still Bitcoin has been embraced as a mode of payment in some countries but local central banks might implemented regulations on local crypto exchanges same here in my country.

[angrynerd88]

Still plausibility that it'll acknowledge before long but still right now we have to be take a few activities. A few of the nation still prohibited the utilize of the bitcoin and cryptocurrency. But a few of the nation are fair directing the utilize of the crypto a few of them utilized wallets that back the crypto and they set a impediment on it so they can make beyond any doubt there's no illicit activity like sending a expansive sum of reserves. Mostly commerce nowadays as well are as of now tolerating the utilize of the bitcoin as a installment to their stores so they can exchange their stores promptly and pay the bills without hassle there's a chance as well they will do this since presently we have to be make a physical removing or social separating to avoid spreading the contamination.

[carlisle1]

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).

But the sad thing is that we  this can't happen overnight because we as crypto users must Help the adoption world wide .
Let our voices tells our government how useful this is and how this beneficial to all of us, because they seems to be Deaf and not listening to what's the call of technology , we are in the computer age when people needed to use an easy and useful currency like Bitcoin and altcoins .