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New Research: Mainstream Cryptocurrency Payments Within Decade

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Mark Mason

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New Research: Mainstream Cryptocurrency Payments Within Decade

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A new research paper released by Imperial College London and eToro predicts that cryptocurrency could become a mainstream payment solution within the next decade, but the paper also outlines the necessary problems that have to be solved first.

The report covers a brief background of cryptocurrencies, Distributed Ledger Technologies (DLT), smart contracts, and also differentiates between cryptocurrencies, cryptocommodities, and cryptotokens. Throughout the report, they list various issues that cryptocurrencies have to overcome, but still have the “conviction that cryptocurrencies will gain global mainstream adoption within the next decade”. The report theorizes how cryptocurrencies can achieve the traditional three tenants of currency: medium of exchange, unit of account, and store of value. They also discussed an over-aching theme that will be important in widespread adoption.

Read more: https://www.dashforcenews.com/new-research-mainstream-cryptocurrency-payments-within-decade/
 
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