Instead of the government to accept cryptocurrency most Nations keeps banning it it or trying to regulate it operations. I do not see most government accepting it soon as a means of payments due to it volatile nature.
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That will be superb. I will be one of those that will shout for joy. I love cryptocurrency very much that I would like it to be accepted by everyone. One can become a millionaire in Bitcoin overnight. I am thankful for the acceptance and approval of private institutions on cryptocurrencies. I hope government institutions will follow through what the private institutions have done and that is to accept bitcoin as form of payment in transactions.This 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?
I will definitely be glad if cryptocurrency can be accepted by the government worldwide as a payment method and also as an investment asset. At the very beginning I didn't like cryptocurrency but when someone put me through everything that I needed to know if about it then I developed interest in it and since then it has said me very wellThat will be superb. I will be one of those that will shout for joy. I love cryptocurrency very much that I would like it to be accepted by everyone. One can become a millionaire in Bitcoin overnight. I am thankful for the acceptance and approval of private institutions on cryptocurrencies. I hope government institutions will follow through what the private institutions have done and that is to accept bitcoin as form of payment in transactions.
This 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?
I know that it seems impossible right now for government to be accepting cryptocurrency as a payment processor would be very difficult right now but it is not impossible so I feel that they can come a time where by the government will start accepting cryptocurrency as a form of payment.For governments institution to start accepting crypto currency coin as a means of payment is impossible for now , most governments are even butting a ban on the use of the coin.
Maybe some governments have their own plans for the crypto currency. However, in democratic countries like the US and most of European countries the issue on the crypto coin would be settled by a law. It is not easy to pass a financial law like that.Instead of the government to accept cryptocurrency most Nations keeps banning it it or trying to regulate it operations. I do not see most government accepting it soon as a means of payments due to it volatile nature.
It is very true about US and other European countries. I think it is some developing countries that passed out laws on cryptocurrencies without following the due process.Maybe some governments have their own plans for the crypto currency. However, in democratic countries like the US and most of European countries the issue on the crypto coin would be settled by a law. It is not easy to pass a financial law like that.
i believe Bitcoin and other crypto currency coin will soon be accepted generally by the government as a means of payment because people are getting to know the essence of crypto currency daily.This 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?
There are some banks owned by the government that have started accepting cryptocurrency ,example is the Chinese central bank. Soon more Institutions will follow but it will only be for places where crypto is legalIt'll gradually take time. Don't be surprised that some governments are already studying on how to adopt Bitcoin as a payment processor. They're just scared of its volatile nature for now.
It's definitely not a matter of if the government would acceptable quality as the payment process but it's a matter of when so it is something that is certain that the government will gradually and definitely and set it to currency as a payment method soon.i believe Bitcoin and other crypto currency coin will soon be accepted generally by the government as a means of payment because people are getting to know the essence of crypto currency daily.