"Intense interest" in #bitcoin prompted switzerland-based Bank for Internationsl Settlements (#BIS) to pursue to establish facts of cryptocurrency potential contribution to the wolrd economy. The report was overall reserved and brought into the spotlight such limitations like difficulties to scale and lack of trust.

Overall BIS arrived at the conclusion that despite that new technology attempts to alter the very foundation of money , #cryptocurrency can not replace conventional money. "

Hyun Song Shin summurized it like that: "Money has value because it has users. Without users, it would simply be a useless token. That's true whether it's a piece of paper with a face on it, or a digital token."

But some other experts may see here a direct statement of why cryptocurrency does have both: value and future. Without dismissing the hype around cryptocurrency, sheer numbers and bare facts are neither to be ignored: World The World Bank Group (#WBG) estimates that 42% of the global population still do not have access to a formal financial system. And it gives the edge to the cryptocurrency to tackle the opportunity and enter vast untapped markets waiting to be discovered. #Unbanked population is mostly concentrated in Asia and Africa and waiting to be discovered.

https://www.bis.org/publ/arpdf/ar2018e5.htm