Post
Topic
Board Economics
Re: What will happen if the all countries convert to cryptocurrency?
by
SnowAugustine
on 17/09/2018, 11:01:38 UTC
We are toward the cashless society, unfortunately the one in the government's mind is the digital money not crypto currencies, crypto do give a big benefit for the users, it's very easy and convenient to use, I think a country need to regulate the crypto before trying to adopt it, the reason is because crypto is decentralised, without any balance in using fiat and crypto it can cause serious inflation to the country, if crypto being implemented correctly, it will create a better economic situation for the country
I so agree with this. Cryptocurrency is very convenient although not a lot of people in the world are already aware of it. Perhaps when awareness of its benefits are spread to everyone then more people would demand for their governments to legalize crypto. Right now, when I mention cryptocurrency to some of my friends, all they know is bitcoin and the recent fall of it.