Crypto-currency may become the way to pay within the next decade.

2018-7-10 07:01

A new study has found that cryptocurrencies like Bitcoin (BTC) have the potential to become a mainstream means of payment and already meet one of the three main criteria of money, according to an eToro press release July 9.
The study mentioned in the press release was a joint effort by Imperial College and U.K. trading platform eToro.
Per the study, Bitcoin and other cryptocurrencies need to solve six main challenges to meet these requirements; scalability, usability, regulation, volatility, incentives, and privacy.
The report stresses that new payment systems, as well as asset types, “do not emerge overnight.” Iqbal Gandham, U.K.
The article said that cryptocurrencies are not able to scale sufficiently to become a medium of exchange in a global economy.

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Источник: bitcoints.com

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