Quote from: TelolettOm on October 19, 2021, 10:15:47 PM

Quote from: syedakhlaque on October 16, 2021, 02:10:26 PM

Will Cryptocurrency be a Global Currency in the Future?

The answer is yes
Because right now, Cryptocurrency especially Bitcoin has been also used as a currency in some certain countries in which Bitcoin is legal tender as currency.
However, will it be for all countries?
I don't know enough, for we know that many countries still ban crypto and most of them don't legalize Bitcoin or another crypto as a currency of their country. Most countries have their own fiat that is centralized. But cryptocurrency is decentralized mostly.
that is why not all countries may use this as a currency.

But once more, we will not know what will happen in the future. Let's wait and see.

Quote from: syedakhlaque on October 16, 2021, 02:10:26 PM

Moreover, It has equal chances for poor or rich for development.
This currency has brought a revolutionary change in the world of business and trade.
It promotes a positive activity also.

Making crypto as a currency is not as easy as this. There must be a regulation over the crypto that will be used as a currency. We cannot only use it for payment. Most countries will make certain regulations of using crypto as currency. ANd this may be complicated. And the government will also think that it will be difficult and hard to control the use of cryptocurrency if as a currency or payment.

But actually, this is not impossible. Because we know what happens to El Salvador and other countries that have been implementing this.
But it may be difficult enough as what happened in my country and others probably.

I believe it has its own chances to be a global currency in the future once its massive adoption will be inevitable. If majority of the big and developed countries will be adopting bitcoin, then that will be an edge making bitcoin as a global currency. But definitely, the process will be very tough. There will be big adjustments in the payment system and if the governments will only consider the value of bitcoin, then things might be smooth sailing in the process.