if bitcoin does become a global currency between the world. how would things like loans, renting ourt apartments work? what if somebody doesnt pay back what he’s owed , can they aftually track to verify that he has not paid?
Actually, bitcoin is already being used in different parts of the world already but if in terms of being legal, bitcoin still has a long way to go before that happens. If ever it becomes a global currency, convenience is guaranteed as well as financial freedom if ever the government won't interfere. When it comes to loan and paying rent for apartments, I think it would work out the same way on how it is on fiats. If someone gets a loan from you, it is necessary that you'll get their personal details, same thing goes for renting and you even know where to find them if they fail to pay the rent.