Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Domithra on May 28, 2018, 04:28:50 AM
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Internet accessibility today isn't like yesterday, it keeps increasing each time. As the world grows into a more technology-driven world, the generation of the common and illiteracy are wiped out. Gradually, the young prodigy generation is emerging and surfacing the earth. With this, the usability of Blockchain and Bitcoin will continues to grow each time. Even If not Bitcoin, there is one thing that stands to be fulfilled and that is, the world will go cashless one day and this will be led by a Blockchain powered cryptocurrency.
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I don't believe that the world will get that cashless, internet accessibility, of course, will help Bitcoin to get the big portion of money transactions but it will not take it over completely, not in the next 5-10 years.
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Bitcoin is embedded in technology which requires Internet connection and so once there is an increase in Internet accessibility, bitcoin usage and acceptance will increase but I don't think there can be andcceptance 100% cashless society.
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A cashless society will definitely happen, it's already happening. Sure it will happen quicker in some parts of the world rather than others, but it will take over quicker than you think. 5-10 years is a stretch, but 20-25 absolutely. That does not mean that fiat is going to be phased out, just that cash will no longer be king.
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Elon Musk promises to make Internet coverage absolutely anywhere in the world in the next few years, so it is quite possible that in the near future cryptocurrencies will receive a large scope of application and become the usual way of paying for goods and services, as well as exchanges between each other.