Post
Topic
Board Economics
Re: What will happen if the all countries convert to cryptocurrency?
by
Averim
on 16/02/2020, 16:57:08 UTC
Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?

Virtual payments are available through various banking online services. Countries will adopt cryptocurrency only to get a piece from the cherry. They don't care for this domain.