Bitcoin Watch – New research suggests Cryptos will replace traditional currency

New research from the Imperial College London suggests the next “logical” step for Bitcoin and other cryptocurrencies is to become a mainstream form of payment within a decade. According to research three main criteria exist to qualify currency as mainstream: act as a store of value; a medium of exchange; and a unit of account. Bitcoin and other major cryptocurrencies are already serving one of those roles, as millions of people are using them as a store of value. The research confirms that the remaining two criteria can be met once challenges like scalability and regulation are overcome.

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