From careful observation, it's becoming clear that it may be hard for crypto to go mainstream without the involvement of the payment sector. Whenever we talk about cryptocurrency payment, we quickly want to adopt Bitcoin. I think we are all getting it wrong here considering Bitcoin's high transaction fee and relatively longer confirmation time compared to other crypto stablecoins or other faster crypto assets.
My personal take, however, is that, for crypto to go mainstream and the impact felt, the focus needs to pivot a bit away from Bitcoin. Yes, it is the first crypto, but at its present state, it definitely cannot fit into every area. This is my opinion, if you have something contrary, I will definitely love to hear them.
True! Crypto can go mainstream but at present state, Bitcoin can't. The reasons are simple - above average transaction fees and long confirmation time. These are two major technical bottlenecks. ETH is much more efficient as a payment method than bitcoin.
However, bitcoin community is also betting big on Lightning network development. Even though LN has gone live, it has not yet received the desired attention to make it big. There are technical and security flaws as well - some are discovered and being worked upon and some are yet to be discovered probably.
But above all, I believe regulatory matters are more important if we want to see mainstream crypto attention. Without regulatory support, it is impossible for cryptos to go mainstream.