Will Crytocurrency replace cash?
by SMEBOOK (admin) · October 18, 2020
With a larger chunk of population turning to the digital world, and with the increasing trend of going cashless, it is a believable apprehension that cryptocurrencies like Bitcoin might become the prime mode of financial transactions in the next 10 years. However, cryptocurrency market has to overcome certain challenges in order to take up the current brick and mortar financial system. These are:
- Fear of adoption and lack of trust in users
- Unethical practices in cryptocurrency trading
- Highly volatile market
- Irreversible nature of transactions
- User security needs more focus