The global economy is nearly 80 trillion USD per year. Payments using any type of cryptocurrency as a medium of payment is a tiny fraction of this total.
What are some of the reasons preventing cryptocurrency from being more successful as a medium of payment?
I think mainly because cryptocurrency is new, the awareness of how cryptos work to the public is still unknown to most people. People probably heard about bitcoin but how it works and how it could change our future is still unknown to them. I think the govt should or another agencies and we the crypto community should raise awareness on the possibilities of cryptocurrencies and educate more people on the uses.