The acceptance of cryptocurrency worldwide

[nitrobetting]

I believe doing so will provide the good and bad. It will never be a win-win situation. Maybe it will, but it will take so much time for the whole world to adjust and accept cryptos.

It will mostly be a huge challenge for the whole world. I don't mean crpytos are doomed to fail because they already do wonders in modern technology. But its adoption might not happen as fast as initially expected. After all, it's trying to disrupt institutions and various markets that have been established for millennia.

[Coinsfera]

If it continues like this, it will be inevitable for Bitcoin to be accepted worldwide. More payment companies, more financial companies, will accept Bitcoin in their transactions. Because Bitcoin technology is completely different. The tendency of banks to CBDCs will also be an important addition to Bitcoin acceptance.

[rodskee]

If it continues like this, it will be inevitable for Bitcoin to be accepted worldwide. More payment companies, more financial companies, will accept Bitcoin in their transactions. Because Bitcoin technology is completely different. The tendency of banks to CBDCs will also be an important addition to Bitcoin acceptance.

Exactly what Bitcoin is all about though the issues must be addressed now are the increasing of Transaction fees , i believe that this is not really bitcoin meant , meaning that the speed is not that real concern but the privacy .
and the freedom in our own Money.

I believe doing so will provide the good and bad. It will never be a win-win situation. Maybe it will, but it will take so much time for the whole world to adjust and accept cryptos.

It is a Win Win situation but of course won't happen instantly as everything must take time to grow and accept and bitcoin is not exempted on that process.

It will mostly be a huge challenge for the whole world. I don't mean crpytos are doomed to fail because they already do wonders in modern technology. But its adoption might not happen as fast as initially expected. After all, it's trying to disrupt institutions and various markets that have been established for millennia.

Challenge is why we are all here , because of the belief that one day Bitcoin will be the currency of the world.

[torrantz]

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.

Talking about taxless thing, it's all depends on the country itself and how they can deal with technology. A developed country tend to have some kind of method to tax people who trades cryptocurrency because their system is well structured and well thought. meanwhile most of the developing country even having a hard time dealing with non crypto user tax payer. It's definitely wrong to say that a country forbid the use or adoption of crypto because it's taxless which definitely is not true. Rather the country itself still many step behind in terms of technology.

[Wipeout2097]

No question Bitcoin has potential to be worldwide currency,As bitcoin adjustment proceeds we seem see a part of stages of the managing an account framework that are as of now supporting bitcoin transformation that's really a great sign that bitcoin is being recognized around the world. Bitcoin innovation is progressive compared to fiat cash and it is really a huge hop but still not bolstered by a parcel of nations or government, but as bitcoin adjustment continues it is progressing to be simple for bitcoin we be utilized by a parcel of individuals.

[enhu]

There is acceptance of cryptocurrency already, it's not however widely accepted to every store. There are just playful companies like Tesla that is accepting BTC but it's hard for Apple or Amazon to accept BTC, these companies are not as a risk-taker as Tesla. Despite the number of times that BTC had been reported to be used widely and are accepted by companies, they are not open to venture.  They will create their own coin instead just as Amazon had announced recently.

[nitrobetting]

Bitcoin is on its way to being the most progressive, technologically advanced cryptocurrency. But it's imperative to first be aware of how blockchain works  to truly understand the dynamic of cryptos. From careful observation of crypto trends,  to studying bullish, soaring BTC price surge. Overtime there has been an increase in crypto assets and I myself have been interested due to its limitless opportunities.

[Coinsfera]

Worldwide acceptance is still too low. There are a lot of problems with regulation and merchants adoption. And still, not so much people need it in general

Throughout history, the value of money has always been symbolic. In other words, it is a value that people give them and believe in its usefulness. Why should it be difficult for it to spread all over the world when Bitcoin now promises a fully decentralized, free monetary system. A long time ago, people were probably handling their transactions with the barter system. Look at the circumstances we are in now.

[mezzaluna]

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).

It would be a great way to introduce Cryptocurrencies to the public in that way but it would be adopted faster if one country would try a test run with it. A country that would take the risk of adopting it in a public manner which would enable their communities using it on a daily basis. They should also try and teach it at universities and companies because it would boost the credibility of the Cryptocurrency that they will be using.

[Rana590]

Do you think it will be as easy as you have said, the central financial authorities will not allow cryptocurrency to enter into the mainstream of they financial economy this is because bitcoin has the capacity to make their traditional currency useless andthey can't control bitcoin in any way.

As bitcoin is a decentralized crypto currency, we are not able to control it. Many countries are adopting bitcoin as a legal currency and if we think about payment gateway, bitcoin is the best option at this moment.

[ShowOff]

As bitcoin is a decentralized crypto currency, we are not able to control it. Many countries are adopting bitcoin as a legal currency and if we think about payment gateway, bitcoin is the best option at this moment.

What will you say when bitcoin transaction fee go up, is it still suitable to use bitcoin as a means of payment ?
I'm not sure people will still use bitcoin as a mean of payment when the transaction fee reaches $10- $15 to pay $50 for an item purchased.
I also use bitcoin as a mean of payment for some transaction approved by the seller, but only if the transaction fee is 1-5 sat / byte. As fee increase, I prefer to use fiat or other low fee altcoin to pay for transaction.

[panganib999]

Do you think it will be as easy as you have said, the central financial authorities will not allow cryptocurrency to enter into the mainstream of they financial economy this is because bitcoin has the capacity to make their traditional currency useless andthey can't control bitcoin in any way.

As bitcoin is a decentralized crypto currency, we are not able to control it. Many countries are adopting bitcoin as a legal currency and if we think about payment gateway, bitcoin is the best option at this moment.

Bitcoin for us who are using it a very good thing. We can see it as a investment and opportunity but how about others who cannot understand how bitcoin works and what it is. We can say that this kind of idea has its own positive effects and negative effects. I think acceptinf bitcoin worldwide is a very strong and big move. Many country will takes time to adjust and learn how it works. Bitcoin might be a decentralized, unstable and risky thing but I guess if people will just learn how it works, it might give them also positive outcomes and might see it as a positive thing just like how we saw it.

[uneng]

As bitcoin is a decentralized crypto currency, we are not able to control it. Many countries are adopting bitcoin as a legal currency and if we think about payment gateway, bitcoin is the best option at this moment.

What will you say when bitcoin transaction fee go up, is it still suitable to use bitcoin as a means of payment ?
I'm not sure people will still use bitcoin as a mean of payment when the transaction fee reaches $10- $15 to pay $50 for an item purchased.
I also use bitcoin as a mean of payment for some transaction approved by the seller, but only if the transaction fee is 1-5 sat / byte. As fee increase, I prefer to use fiat or other low fee altcoin to pay for transaction.

Yes, that is a big issue so far. For countries where dollar is very valuable it's crazyness to pay such high bitcoin transaction's fees. Maybe if you are in a hurry and need to send money to someone in a foreigner country it's fastest with bitcoin, but you need to pay a high price for this advantage. Bitcoin needs to overcome this fee issue, otherwise worldwide acceptance as currency will never happen and it will remain as an investment asset.
If fees were cheaper there would be many more adopters and transactions going at this moment already, increasing marketcap and boosting bitcoin price even more.

[Jordi129]

Some of the business today too are already accepting the use of the bitcoin as a payment to their stores so they can transfer their funds immediately and pay the bills without hassle there is a chance too they will do this because now we need to make a physical. why it cant be use as one of payment method unless the merchants are aware of this risk and still willing to accept crypto despite of these issues. I think there's no need to push through crypto to be recognize like fiat, as long as many people are using it.

[worldofcoins]

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.

[Argoo]

If it continues like this, it will be inevitable for Bitcoin to be accepted worldwide. More payment companies, more financial companies, will accept Bitcoin in their transactions. Because Bitcoin technology is completely different. The tendency of banks to CBDCs will also be an important addition to Bitcoin acceptance.

The world is learning more about bitcoin and cryptocurrency in general, largely due to this. that bitcoin is growing in value and has reached unprecedented price heights in comparison with the common currencies of states. At the same time, this is forcing governments to look closely at cryptocurrencies as a possible competitor to their national currencies.
Their central bank stablecoins, although they will to some extent contribute to the popularization of cryptocurrency, however, at the same time, they will also be good competitors to decentralized cryptocurrency as a means of payment.

[charlesmichel1]

The mass cryptocurrency adoption is a sophisticated process. It must take a lot of time and efforts. And don't forget that some governments are against cryptocurrency usage. I really believe in Bitcoin's huge potential, but I'm not sure it will be something like the US dollar one day.

[online73]

Hello everybody. The global introduction of cryptocurrency now seems problematic, because today's global financial system has existed for a long time, and in formed and well-established structures, the new and difficult to predict is very difficult to accept. Until this financial system is able to integrate cryptocurrency into its scheme, namely to subordinate it to its interests, it is impossible to talk about the global adoption of cryptocurrency. Cryptocurrency is a completely independent structure, and any system is, first of all, subordination. The cryptocurrency is independent, therefore, from any information mouthpiece of the state, we will be informed that cryptocurrency is a pyramid, and deception and implementation of cryptocurrency payments in state payment instruments will be excluded and prohibited in every possible way, despite all the advantages.

[Trinx01]

There is a good possibility that bitcoin will be accepted worldwide and if that would happen then we can see a great improvement for every country, we can also see a big movement of the value of bitcoin as well but actually, this is not that easy as what we think, we need first to educate a lot of people about cryptocurrency before it can be used as world wide. Sending money to your relatives is also good when using bitcoin, it also good as a means of payment for every establishment, also good for paying bills and many more but one thing that I doubt about it is about the transaction fees and the time before confirmation.

[Kamarah]

Currently electronic money is being accepted by the world so much compared to before. Many countries, famous brand services have accepted Bitcoin payments. In the future, about 4_5 comes maybe electronic money will become the main trend. Bitcoin is a pioneer coin. We live in the digital technology era, so the transfer of money from one place to another or from the country to another quickly, reducing costs. The electronic money world applies it.