Post
Topic
Board Altcoin Discussion
Re: Why aren't cryptocurrencies successful as a medium of payment
by
ityandsyn
on 16/08/2018, 15:03:45 UTC
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?

     There should be a legislation for every country and massive adaptation of cryptocurrencies in order to be successful as a medium of payments like fiat money, but not necessarily  to replace the existing currencies of every country.