Although there are a few countries who uses bitcoins and other cryptocurrencies now, I cannot help but wonder if the world is truly ready for this digital currency? It will certainly be hard to replace all currencies in the world but it could happen in a decade or so, perhaps even less? Still the question is, is the world ready? I think if this happens it might be one of the biggest changes that will happen worldwide.
I think the world is not ready for electronic money. Electronic money is now common in developed countries and the rest is not ready for that. It will take time for developing countries to get acquainted with that, even in developed countries. Paper money is still an economic system that people are more receptive to than electronic money.