Bitcoin Watch – New research suggests Cryptos will replace traditional currency

9 July, 2018

New research from the Imperial College London suggests the next “logical” step for Bitcoin and other cryptocurrencies is to become a mainstream form of payment within a decade. According to research three main criteria exist to qualify currency as mainstream: act as a store of value; a medium of exchange; and a unit of account. Bitcoin and other major cryptocurrencies are already serving one of those roles, as millions of people are using them as a store of value. The research confirms that the remaining two criteria can be met once challenges like scalability and regulation are overcome.

Stay updated here with how the cryptocurrency is tracking:

baseUrl = ""; var scripts = document.getElementsByTagName("script"); var embedder = scripts[ scripts.length - 1 ]; (function (){ var appName = encodeURIComponent(window.location.hostname); if(appName==""){appName="local";} var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl+'serve/v3/coin/chart?fsym=BTC&tsyms=USD'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })();