If all transactions around the world use crypto?

[Goodcat49]

Traditional currencies can die only when governments die, but is some countries they just make "national cryptocurrency", which of course is centralized

[sampoerna]

It will be the time when the world has uses all technology and it may happen next hundreds year. Why did I say so? Because this is the world, not an easy thing to turn all payment using crypto. There are still many countries that have low societies knowledge, activities, and also lifestyle traditionally.

[arnishad]

Day by day bitcoin climbs, Atl still silent and stare graft dubiously. folks say keep calm, there's time for EL pitched battle. however that day was ne'er gift, it looked like folks were desirous to EL, like me. no matter happened to the market, a market state like this looks to be happening for a protracted time. unsure regarding it. affirmative nobody will predict the long run and it's not over for Altcoins therefore why can the holders panic?. they simply ought to be calm and zilch that's if they're holding a decent coin.

[zendicator]

Yes it is! That is the power of Digital money. We could save our time in going to the bank to withdraw money plus the most important thing is that crypto is secure it cannot be hacked unless you give your private key. Imagine if people will used it in their transactions around the world, we can never see the price of bitcoin as lower as today.

[Stuart]

I think if all countries in the world agree to use crypto in all transactions in all fields. Is paying insurance, shopping, paying electricity bills will be as easy as flicking a finger?

Its a good perspective at which the general public will get used to crypto, and which will make crypto to be well known, used and trusted. But this will not be happening anytime soon. The government sector of every country will have to first accept this idea, and push it on the civilians who has no idea of crypto. This could take a lot of time.

[Octoalts]

Yes, of course, paying electricity or insurance will be very easy if all transactions in this world use Cryptocurrency.  not only that, we will also be very easy to shop for other household needs, because indeed the purpose of Cryptocurrency is to facilitate online transactions.  Because nowadays are increasingly modern, tools are increasingly sophisticated.  And this is the time, the world as a whole uses Cryptocurrency as a payment tool in all fields.

[masterrex]

Thats right but still not possible this time since most of the countries are not yet ready to adopt these technological advancement, the hindrance mostly is the regulation, Western countries are still wary about cryptocurrency specially the United States it was a huge market before but today it was decline due to strict regulatory requirements.

[zilzylian]

I think if all countries in the world agree to use crypto in all transactions in all fields. Is paying insurance, shopping, paying electricity bills will be as easy as flicking a finger?

I think everything will be the same as the credit card owned by Fiat, you can make deposits and withdrawals as you wish, but need a stable coin to be able to do this transaction because the government always rejects crypto because the price is fluctuating. The government is still considering many things to this, I am sure they want to adopt cryptocurrency but still need consideration from members of the government and banks to take part

[Seerge]

That's very true, all will be very easy! That's the question now is, when will it happen? All countries in the world will use cryptocurrency as their transaction tool?

[Fenix]

That's very true, all will be very easy! That's the question now is, when will it happen? All countries in the world will use cryptocurrency as their transaction tool?

These are only fantasies that have nothing to do with reality. Here we are talking about the possibility of transition of all states to the use of cryptocurrency only. This will never happen. No state will give up their national money in favor of cryptocurrency. Not a single state’s economy can withstand this.

[alltalk]

The development of crypto cannot be ignored as well. However, to turn all payment around the world using crypto is very hard to do. IT involves the whole countries including their citizens. There are different levels of citizens around the world. This thing may not be able to apply in short 20 years.

[Nanagyasi]

But how can this happen. The best we can see is for countries to legalise btc. I don't think any country will ever restrict its citizens to using btc for all transactions.

[Rindian]

if transactions around the world use crypyocurrency, I think that is reasonable and greatly facilitates the transaction process itself. Because the circulation of crypto currencies can already be received by people throughout the world. surely the government must also help launch this transaction.

[Noverteno]

I think if all countries in the world agree to use crypto in all transactions in all fields. Is paying insurance, shopping, paying electricity bills will be as easy as flicking a finger?

No, this will never happen. If you look at this issue more globally, then a sign of statehood is its own money. The state's economy will not be able to develop normally, if the money is not associated with this economy. In addition, there are also a lot of problems that can lead to the loss of statehood. Therefore, no state will ever completely switch to the use of cryptocurrency.

[Stuart]

It would be a magic for every crypto lovers. I think if that happens, total economic system will changed radically at once and everybody will be happy as there will be less risk in transaction and carry.

There will be happiness in one side, but on the otherside the charges for transactions will rise. Except there will be preference when purchasing of goods. No one will like to purchase something worth $100, using $50 - $70 as transaction fee.

This will take a long time before it can be used.