Bitcoin is Becoming a Global Currency

[Xenoph0bia]

I do agree that one day bitcoin can be global currency. It is revolutionary and it's no surprise that its being adopted by so many countries. Bitcoins are still banned in many countries which is bad for the growth of btc. It will take more time to understand the advantages and to regulate, recognize the bictoins globally but I believe that in future it will happen.

[Snorek]

For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.

Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.

It is no longer just the US, EU or even China driving adoption.  There is a market for Bitcoins in major countries all over the world.

What I find somewhat funny is nothing's changed since that opening post was written. Bitcoin is not really known better, or regarded.
We have maybe 1 or 2 new exchanges but is that fact changed anything really? Not much. Bitcoin is not even slightly closer to even niche adoption.

[Raimonn]

One of the best shares of Bitcoin, its that is Global, you didn't need to change to another currency when you travel or when you are buying from another country. Against bitcoin as global currency its that few commerce accept bitcoin now. But these could change, and more retailers are interested about accepting it.

[erikalui]

For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.

Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.

It is no longer just the US, EU or even China driving adoption.  There is a market for Bitcoins in major countries all over the world.

What I find somewhat funny is nothing's changed since that opening post was written. Bitcoin is not really known better, or regarded.
We have maybe 1 or 2 new exchanges but is that fact changed anything really? Not much. Bitcoin is not even slightly closer to even niche adoption.

It's taking time to be accepted by people but the situation compared to the previous year is much better. There are few reputed companies who are accepting bitcoin payments.

Check this: http://insidebitcoins.com/news/vodanet-adds-bitcoin-buy-a-vacation-with-bitcoin/35334 (A quote: Our decision to accept Bitcoin payment option was taken because we realized that it will allow customers and partners to interact with us easily. This will ensure that partners will not need to worry about crossing borders, rescheduling for bank holidays or any other limitation anymore. Bitcoin integrated into the payment options for customers at check-out will allow them to purchase vacation packages and even send and get money anywhere in the world at any given time.")

The others are: http://www.bitcoinvalues.net/who-accepts-bitcoins-payment-companies-stores-take-bitcoins.html


With regards to countries, there are many countries who have made bitcoins legal while some countries have declared it as illegal eg: Russia being one of them. (https://en.wikipedia.org/wiki/Legality_of_Bitcoin_by_country)

[MR.Seller]

I wonder? Well in a 3rd world country like Philippines in which only a few percentage of the population knows what is "BTC".

But I'm pretty sure it will become a trend once bigger companies push bitcoin in PH. Some already adapted BTC as it payments.

This will take decades or so to be recognized as a "Currency" like paper money.

In the Philippines im sure they could make big profit out of stuff like signature campaigns. If they knew about it they would get into it, probably they would be able to get higher than minimum wage (not sure what minimum wage is on there but im sure it's rather low). Same goes for loans etc. Of course it would require a lot of posting and it would require that whoever is doing it is somewhat competent with the english language.

yeah bitcoin is the biggest thing and the easiest way to earn money i ever known here in Philippines, its a great help to the students that can't study because of financial problem, and also its a great help to a person who doesn't have a job they can use bitcoins as an side earnings. yeah your'e right many of filipino's does not speak english especially in those poor area and can't access to internet.

I don't think students that can't study can rent into an internet cafe. They don't have any money to spent there time for this and as you can see they can't start in a highest paid. this forums start from 0. Maybe people who are in middle class can but people doesn't have extra money they can't afford to rent. And I'm sure this will take a lot of year for bitcoin to be a global currencies. As of now middle class can afford this or who are working. not all of people are have internet and computers to their home.

[Dotakels]

I wonder? Well in a 3rd world country like Philippines in which only a few percentage of the population knows what is "BTC".

But I'm pretty sure it will become a trend once bigger companies push bitcoin in PH. Some already adapted BTC as it payments.

This will take decades or so to be recognized as a "Currency" like paper money.

In the Philippines im sure they could make big profit out of stuff like signature campaigns. If they knew about it they would get into it, probably they would be able to get higher than minimum wage (not sure what minimum wage is on there but im sure it's rather low). Same goes for loans etc. Of course it would require a lot of posting and it would require that whoever is doing it is somewhat competent with the english language.

yeah bitcoin is the biggest thing and the easiest way to earn money i ever known here in Philippines, its a great help to the students that can't study because of financial problem, and also its a great help to a person who doesn't have a job they can use bitcoins as an side earnings. yeah your'e right many of filipino's does not speak english especially in those poor area and can't access to internet.

I don't think students that can't study can rent into an internet cafe. They don't have any money to spent there time for this and as you can see they can't start in a highest paid. this forums start from 0. Maybe people who are in middle class can but people doesn't have extra money they can't afford to rent. And I'm sure this will take a lot of year for bitcoin to be a global currencies. As of now middle class can afford this or who are working. not all of people are have internet and computers to their home.

yeah you're right i did not think about that problem, middle class people can use bitcoin and those can access internet, but many Filipino's can't.

[Betwrong]

I wonder? Well in a 3rd world country like Philippines in which only a few percentage of the population knows what is "BTC".

But I'm pretty sure it will become a trend once bigger companies push bitcoin in PH. Some already adapted BTC as it payments.

This will take decades or so to be recognized as a "Currency" like paper money.

In the Philippines im sure they could make big profit out of stuff like signature campaigns. If they knew about it they would get into it, probably they would be able to get higher than minimum wage (not sure what minimum wage is on there but im sure it's rather low). Same goes for loans etc. Of course it would require a lot of posting and it would require that whoever is doing it is somewhat competent with the english language.

yeah bitcoin is the biggest thing and the easiest way to earn money i ever known here in Philippines, its a great help to the students that can't study because of financial problem, and also its a great help to a person who doesn't have a job they can use bitcoins as an side earnings. yeah your'e right many of filipino's does not speak english especially in those poor area and can't access to internet.

Okay, but they will have motivation to learn english which is a goog thing and IMO access to internet will be affordable to everyone on Earth very soon. People just should know that there is an opportunity to make some money and they will find a way to use this opportunity.

[Dotakels]

I wonder? Well in a 3rd world country like Philippines in which only a few percentage of the population knows what is "BTC".

But I'm pretty sure it will become a trend once bigger companies push bitcoin in PH. Some already adapted BTC as it payments.

This will take decades or so to be recognized as a "Currency" like paper money.

In the Philippines im sure they could make big profit out of stuff like signature campaigns. If they knew about it they would get into it, probably they would be able to get higher than minimum wage (not sure what minimum wage is on there but im sure it's rather low). Same goes for loans etc. Of course it would require a lot of posting and it would require that whoever is doing it is somewhat competent with the english language.

yeah bitcoin is the biggest thing and the easiest way to earn money i ever known here in Philippines, its a great help to the students that can't study because of financial problem, and also its a great help to a person who doesn't have a job they can use bitcoins as an side earnings. yeah your'e right many of filipino's does not speak english especially in those poor area and can't access to internet.

Okay, but they will have motivation to learn english which is a goog thing and IMO access to internet will be affordable to everyone on Earth very soon. People just should know that there is an opportunity to make some money and they will find a way to use this opportunity.

if you only know how many people here in Philippines can speak english language and how they get bored while studying english subject, you will lose hope that most people here in philippines will not learn how to speak english language because of poor education and poor areas.

[TTMNewsMJ]

Its a great news.
If bitcoin becomes a global currency.

[highaltitude20322]

Its a great news.
If bitcoin becomes a global currency.

I've always seen crypto as the great equalizer in some of the emerging and developing countries. .Gives the people power of their funds.

[RealBitcoin]

Bitcoin regulation has been, and will continue to be, a hot topic as it continues to gain momentum and interest in personal and corporate finance

But how do you regulate a pseudo-anonymous, distributed protocol? It's near impossible

This is why bitcoin has been adopted on a global scale, and we will continue to see this rate of adoption increase

From the node point.

They will regulate exchanges, websites, services that will deal with bitcoin.

So even if the protocol itself is free from regulation, the services wont be.

[Nami]

For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.

Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.

It is no longer just the US, EU or even China driving adoption.  There is a market for Bitcoins in major countries all over the world.

One day bitcoin will be one of the very used currency in the world.
And it is a great advantage to start collecting bitcoins now.

[Nasus]

For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.

Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.

It is no longer just the US, EU or even China driving adoption.  There is a market for Bitcoins in major countries all over the world.

I think it will be in the future because a lot of people are starting to use it and maybe soon it will be the global currency.

[winguard]

Bitcoin's applications have the potential to stretch far beyond fiat, and companies and individuals are already leveraging the technology to modernize key products and services across a variety of industries. Remittances, payment processing, personal banking, auditing, secure data transmission, information hashing, securities settlement/clearing and traditional financial trading are just a handful of examples of its possible applications.

[CasioK]

Bitcoin's applications have the potential to stretch far beyond fiat, and companies and individuals are already leveraging the technology to modernize key products and services across a variety of industries. Remittances, payment processing, personal banking, auditing, secure data transmission, information hashing, securities settlement/clearing and traditional financial trading are just a handful of examples of its possible applications.

Well said. Global currency is a unfilled designation till now for the human race. So, the first one only suitable and with all required features for present economic situations. When bitcoin becoming the first global currency it would be priced more and more than our imaginations.

[StarofBTC]

yes i think it will soon by 2022 replace local currencies of 80-90% countries....will love to see it then 

[2fireddog]

It is hard to say at the moment. It is still in the infant stage.

[Amph]

For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.

Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.

It is no longer just the US, EU or even China driving adoption.  There is a market for Bitcoins in major countries all over the world.

I think it will be in the future because a lot of people are starting to use it and maybe soon it will be the global currency.

it will not be the future is everything people do is acquiring bitcoin to dump for fiat later, only using bitcoin does not mean anything

thay must use bitcoin directly, and avoid dumping, that's the way to really promote bitcoin

i guess one can argue that this cna't be done yet because not many shop accept bitcoin, but with open bazar it will be interesting to see how the thing will evolve, there will be no excuse anymore...

[StarofBTC]

just right now cointelegraph posted that sweden is accepting bitcoin now instead of its local currency......SWEDEN NOW CASHLESS

read here for more :-

Bitcoin thread:- https://bitcointalk.org/index.php?topic=1218014.0;topicseen
Cointelegraph Link:- http://cointelegraph.com/news/115452/sweden-to-become-worlds-first-cashless-country

[TastyChillySauce00]

just right now cointelegraph posted that sweden is accepting bitcoin now instead of its local currency......SWEDEN NOW CASHLESS

read here for more :-

Bitcoin thread:- https://bitcointalk.org/index.php?topic=1218014.0;topicseen
Cointelegraph Link:- http://cointelegraph.com/news/115452/sweden-to-become-worlds-first-cashless-country

hope this would affect the bitcoin price and make bitcoin more popular, even though im not sure