Post
Topic
Board Economics
Re: Crypto and automobile
by
Mary Ofosuhene
on 11/10/2018, 19:53:21 UTC
I don't see this to be a reality in the sense that, these automobile companies go through a lot of setbacks and huge expenses in manufacturing luxury cars and other vehicles. Prior to this, they wouldn't want to run at a loss. They will at all cost want to earn their capital as well as securing significant profit. The issue of cryptocurrency when it comes to volatility has not been dealt with. Cryptocurrency values are not stable and this will make it difficult for automobiles to start accepting cryptocurrency as the mode of payment for their products.