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Will crypto currency be widely accepted

  • Thread starter Thread starter Khezo
  • Start date Start date
I don't think cryptocurrency will be widely accepted worldwide. the reason is that dollarhas become a benchmark of the world currency and United States is benefiting from this in a lot of ways. There is possibility that they may not want a change to this because you don't have control over cryptocurrency. There are some countries that they will reject this because you don't have control over cryptocurrency supply.
 
I am really not sure about this because most of the countries has not accepted cryptocurrency yet and I don't know what is the reason behind this because among these countries some of them accepted it really good and they had started reading with the cryptocurrency name which is a great source of profit but in most of the countries like in my country it is not accepted right now and people think that it will not accepted in the coming time as people has imagine it that it is illegal in those countries who has not accepted it.
 
Seriously I used to think that the answer to these question was an easy and straightforward yes and possibly the first country that would accept crypto currency would be China but with recent events of countries banning the use of cryptocurrencies, am not so sure anymore.
 
I think it can not be accepted unless it is regulated by any trusted body. Otherwise it may affect the economy of any country as well common people may be bankrupted. It's my assumption nothing else.
 
Crypto currencies will continue to be accepted though it might face challenges in the countries with fragile economy but if fully regulated it will even boost their own economy because more revenue generation from Exchange platforms will be available.
 
Yet, underneath the claims of cryptocurrency advocates lie numerous problems and obstacles in bitcoin that would prevent it from becoming a truly efficient, independent, and widely accepted currency. First, the bitcoin system as a
 
Bitcoins are not widely accepted

Bitcoins are only accepted by a very small group of online merchants. This makes it impossible to rely entirely on bitcoins as currency. There is also the possibility that governments may force traders not to use bitcoins to ensure that consumer transactions are tracked.
 
It will be very difficult all countries or organizations accept crypto currency world wide. Because of its volatile nature, many people and businesses are still against it and from the look of things I don't see some businesses or individuals accepting it so soon.
 
Khezo said:
Bitcoin and cryptocurrency has bloomed since 2009. Will it be accepted and regulated by the central bank to be used as trading mechanism in the near future? Albeit there has been minimal informal usage of Bitcoin in some trading.

Also, which country would be possibly become the first in regulating the use of cryptocurrency in daily transaction?
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Elon musk have hinted that his Tesla company will accept cryptocurrency as a means of payment. so many countries have started investing in cryptocurrency already. It is just a matter of time cryptocurrencies will be used as a general payment method in the whole world.
 
To me it is already widely accepted.those countries that are rejecting is just hypocrisy.if they cannot control something it gives them nightmare and that is what they are facing with bitcoin.some are even banning it in the name fraud,That is complete rubish.
 
Yeah i think it is widely accepted in some part of the country. Because some people actually do trade crypto currency to make more profit for themselves i think , and now even some banks in UK are already making some use of crypto currency and this is fetching them a lot of profit i think ,so thats how it actually looks like
 
I am of the opinion that, Crypto currencies will continue to be accepted though it might face challenges in the countries with fragile economy but if fully regulated it will even boost their own economy because more revenue generation from Exchange platforms will be available.
 
Khezo said:
Bitcoin and cryptocurrency has bloomed since 2009. Will it be accepted and regulated by the central bank to be used as trading mechanism in the near future? Albeit there has been minimal informal usage of Bitcoin in some trading.

Also, which country would be possibly become the first in regulating the use of cryptocurrency in daily transaction?
Click to expand...
I am optimistic that crypto currencies will be widely accepted as tender currencies in all nations. This may take longer or shorter time than we think but I know sooner or later, nations that are yet to approve it will have no other option than to approve it. The world is more digitalized than ever before.
 
Crypto is already widely accepted worldwide. There remains just a few countries who have not accepted the influence and power of crypto. The world is changing and new ideas are emerging so the world of crypto is unstoppable and will go beyond borders to change the state of economic events.
 
Of course cryptocurrency will be widely accepted, because many large companies have adopted cryptocurrency. The use of Bitcoin transactions was first to buy pizza, although Bitcoin was created as a means of payment but now the amount of supply available is mostly used for investment and trade, not as a means of payment. ,
 
Some institutions and countries are adopting the system of crypto currency, though it can't be entirely said if it can be widely accepted or not. The very nature of crypto currency is likely a threat to the banking system and how it operates. It can't be entirely said if crypto currency will be accepted or not, unless probably it can be regulated, which doesn't seem feasible as at now.
 
For now I don't think cryptocurrencies will be widely accepted because most country don't even know how cryptocurrency works or been used for exchange. But I believe in the future it be globally accepted
 
Khezo said:
Bitcoin and cryptocurrency has bloomed since 2009. Will it be accepted and regulated by the central bank to be used as trading mechanism in the near future? Albeit there has been minimal informal usage of Bitcoin in some trading.

Also, which country would be possibly become the first in regulating the use of cryptocurrency in daily transaction?
Click to expand...
MercySmith said:
Certainly, I know there will come a time that Bitcoin will be globally accepted. And it's very soon. We can see the signs already. MasterCard planning to accept Bitcoin this year. Some Unive rsity now accepts Bitcoin payment. So I believe the time will come.
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Yes, as we know, the corrupt currency is a well-known currency all over the world.Corrupt currency has brought prosperity to many countries.Many countries and businessmen have launched their own cryptocurrencies, which has led to the expansion of cryptocurrencies.
 
When the World Bank is in trouble, we will increase the number of bank loans. Alderings Habine Wear in Specialsert. Profitable Mr. Van den Kernkompetenzen, Dan Wir in them Dan Letzen 250 Jahren Erabeitet haben
 
Concerning if cryptocurrency will be widely accepted. Well, I dont think the government in my country will actually accept it because it has just been banned probably because they dont believe in it potential or they are concerned about them not being able to control and regulate it.
 
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