In my opinion cryptocurrencies seem too volatile to be used in the future within a cashless society. For example, only a month ago Bitcoin was well above £12,000 and it now sits at around £7,000.
This does not mean I would not like to see it, I would love to be able to spend Bitcoin on Amazon, there have been rumours surrounding this. What are everyone's thoughts?
Damn, I cannot even remember how many times I have seen threads having the same though as this one. Lol. Anyways, in my opinion, I really do not think that the volatility of crypto currencies in the future will be a problem if ever a country decides to implement is as their national currency. The only thing they need to do is make their own crypto and regulate it just like how banks today regulate fiat. But something like this will only happen when internet is not a problem anymore for a country. Because clearly there are still quite a lot of countries that have no internet connections in some of their states.
Odds are saying so. It really is more likely that our generation will never have the chance to witness something like this happen. Heck, I don't even think that our grand children will ever see this happen. Lol. And oh, about the Amazon thing? Well, it clearly is just another rumor since the Amazon has been silent about the matter regarding the use of bitcoins to purchase products on their website. It is that or maybe I completely missed the news about that.