Will crypto be the new world currency

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What if the US Dollar Stops Being the Global Currency?
An increasing number of shops now accepts crypto-currencies, but Bitcoin or Ethereum are not really common forms of payment. Although the latest developments. Bitcoin is already a global currency. Bitcoin can be sent and received anywhere in the world as long as the users have a Bitcoin wallet. April 12 (Reuters) - A crypto platform's pledge to amass $10 billion worth of bitcoin to back its own "stablecoin" is firing up the market.

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calendar_month 16.02.2022

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With no banks involved, no national currencies exchanged, and no government leveraging complete control over transactions, such a peer-to-peer digital system of moving funds has the potential to become the chief means of financial payment in global trade, Snyder explained. Governments are likely unwilling to slow the process down even further to try and get both parties to understand how to settle the transaction in Bitcoin vs the already established method�Even though it would lead to significantly faster transactions for the next transaction and each one subsequentially. However, I can dumb it down to a level where I understand it, but this is a topic debated among economists and monetary theorists. Many believe that the U. In reality, this chart does not tell the whole story as we know government agencies belonging to the USA, UK, Germany, Sweden, North Korea, and Bulgaria hold significant quantities of Bitcoin and other digital assets that have been confiscated and seized.