The governmental organizations and institutes shall never accept bitcoin unless or until they stop viewing Bitcoin and other cryptocurrencies as a danger to their local banking and financial structure. This is what I have observed.
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Maybe when the adoption level continue to grow they might likely look into adopting the use of crypto currency , because for now they aren't too concerned about the existence and many sees it as a threat
Yeah exactly it would be an encouragement for other countries, to try out accepting crypto currency which is still a very good deal , because crypto currency have so much benefit in it it's left for the countries to give it atryIf other countries continue to accept the use of crypto currency and its getting globally accepted gradually , and I beleive most country will soon legalize the use of crypto currency soon .
Yeah they are truly against it , but I think if they start seeing others countries gaining more revenue from the use and benefiting from the use they will surely adopt itThe time it will take for government to accept crypto currency as a mean of payment is something that will be difficult to predict looking at how they are against it.
Why do you think that the government is seeing the crypto currency as a danger to the banking and financial institutions? Have you interviewed the secretary of finance about it? For me, the crypto currency sees as the danger the potential regulation by the government and not the other way around.The governmental organizations and institutes shall never accept bitcoin unless or until they stop viewing Bitcoin and other cryptocurrencies as a danger to their local banking and financial structure. This is what I have observed.
Why do you think that the government is seeing the crypto currency as a danger to the banking and financial institutions? Have you interviewed the secretary of finance about it? For me, the crypto currency sees as the danger the potential regulation by the government and not the other way around.
It will happen. Because for now there are countries that are now accepting crypto currency. Country like El Salvador have legalized crypto currency. Likewise US have bitcoin in storeThis question arose as a result of the news of strong private institutions investing in Bitcoin.
This has built alot of optimisms about the likely adoption of cryptocurrency as a method of payment by government agency and institutions.
How long do you think this will happen? Is it ever happening at all?
Government institutions are everywhere in the world and if one country accepted the use of crypto currency does not mean other country will accept straight away, I believe its possible but its going to take time.Government institutions in which country? Since Venezuela government has announced that bitcoin should be used as a mean of payment fot international transactions, I believe the government institutions in the country will welcome using the coin to pay. But I a developing country like mine, its not yet time for that.