Post
Topic
Board Economics
Re: What kind of economy will it be if bitcoin is a currency?
by
aardvark15
on 08/12/2017, 20:39:39 UTC
For me it would be a good economy because it has great value and bitcoin is more convenient to use. How about you what do you think? Share your thougths.

If cryptocurrencies become more mainstream and easier to use and safe, we are going to see people using cryptocurrencies instead of banks to store their money. Not everyone will do this, but it will have an impact on the banking industry. Banks will have to evolve to keep up and of course some will go out of business.

Another thing that’s going to happen is that businesses will begin to used cryptocurrencies as a method of payment. This will impact the credit card industry which is also the big banks.

We will see other impacts in the way we send money and information around the world. There will be impacts in ways that we haven’t thought of yet.