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March 11, 2018, 10:49:31 AM |
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Yeah, already KFC in Canada has started accepting bitcoin as a payment for a bucket of chicken, and that is a big start for the bitcoin industry, a food giant such as KFC starting to use it. Bitcoin's structure makes it super easy to use across long distances, at any time, so it can be used anywhere. This will particularly be useful to unite the whole world under one currency, I think, however, before that, all other kinds of developments need to be done such as literacy of people needs to be a lot higher to understand and use bitcoin, internet needs to be universalized. Even some economists are already predicting that the bitcoin will replace Euros, Pounds, and the Dollar by 2020. In my opinion, it might take a bit more than that to create stability in the market value of bitcoin, educate people about it, bring internet access to remote areas, but it will definitely be possible once governments start to support it.
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