Do you think that crypto would become a norm for financial transaction?

uptrendfinancialsignal

Well Known
Member
Nov 24, 2022
8,905
181
Dex
$0.004
Raw Dex
$0.121
Cryptocurrency has the potential to revolutionalize the financial transactions in a great way and that is why it could become the new norm but it would depend on various factors. The increasing adoption of cryptocurrency by individuals and businesses suggest that it could become a new norm in financial transaction.
 
AgoraForo - Digital Marketplace & Freelancer Forum

desta001

Complete Stranger
Member
Feb 10, 2024
4
0
Dex
$0.000
Raw Dex
$0.000
it depends on a number of factors. On the one hand, crypto has the potential to offer a more efficient and transparent system for financial transactions. It can also be a more secure option, as it uses cryptography to ensure that transactions are secure and tamper-proof. However, there are also some challenges that crypto faces in becoming a mainstream method of financial transaction. These include regulatory uncertainty, volatility in the crypto markets, and a lack of widespread adoption. So while crypto has potential, it's still too early to say whether it will become a norm
 

eldavis

Very Familiar
Member
Sep 4, 2022
15,114
665
Dex
$0.000
Raw Dex
$6.476
I doubt this would happen and if at all it does happen, I don't think it's going to happen anytime soon. There is still a long way to go before this. Most countries at the moment are not even willing to accept crypto yet.
 

timewo

Notable
Member
Jul 30, 2022
2,795
212
Dex
$0.160
Raw Dex
$1.623
I do not think crypto currencies will become popular, in some countries the top cryptocurrency exchange has not credited a small amount of approximately $6 for more than 15 days, and is asking for the national id copy of the sender.
 

Nite

Notable
Member
Nov 13, 2023
1,287
37
Dex
$6.052
Raw Dex
$0.390
There are still some obstacles that need to be overcome for cryptocurrency to truly become mainstream. One of the biggest challenges is regulatory uncertainty, as many governments around the world have not yet established clear guidelines for the use of digital currencies. Additionally, concerns about security and volatility continue to plague the industry.
 

SHAHID987

Notable
Member
Nov 15, 2022
3,930
228
Dex
$3.765
Raw Dex
$0.004
In so many countries cryptocurrency is ban. I accept that it is moving very fast, as ETF of Bitcoin had done successfully. And now moving towards ETF of Ethereum. But I am not sure as when the prominent hinderences will be moved away.
 

Suba

Notable
Member
Nov 11, 2022
3,879
471
Dex
$0.000
Raw Dex
$1.585
I think your thread is not specific enough, if you talk about crypto there are thousands of cryptocurrencies out there that have very high volatility and an unlimited total supply so it will be difficult to measure, but if you talk about Bitcoin it is likely to become more stable, especially after it has been mined.
 

Nite

Notable
Member
Nov 13, 2023
1,287
37
Dex
$6.052
Raw Dex
$0.390
In so many countries cryptocurrency is ban. I accept that it is moving very fast, as ETF of Bitcoin had done successfully. And now moving towards ETF of Ethereum. But I am not sure as when the prominent hinderences will be moved away.

The regulatory hurdles surrounding cryptocurrency can be a major obstacle to its widespread adoption. While it is promising to see progress with ETFs for Bitcoin and Ethereum, there are still many challenges that need to be addressed before cryptocurrencies can truly thrive in all countries.
 

nomad

Very Familiar
Member
Jun 22, 2022
10,971
512
Dex
$0.010
Raw Dex
$0.700
I do not see crypto replacing traditional finance but I see crypto getting into the main stream, Bitcoin ETF is one example.
 

Nite

Notable
Member
Nov 13, 2023
1,287
37
Dex
$6.052
Raw Dex
$0.390
The technology behind cryptocurrencies has the potential to revolutionise the way we transact and store value, so it's exciting to see how it will continue to evolve in the future.
 

Rubz

Notable
Member
Sep 12, 2022
1,612
15
Dex
$0.000
Raw Dex
$0.008
It might take some time but i believe cryptocurrency would become a norm for financial transactions. A lot of country are already making use of crypto in carrying out financial transactions.
 

Nite

Notable
Member
Nov 13, 2023
1,287
37
Dex
$6.052
Raw Dex
$0.390
While it may take some time for cryptocurrency to become mainstream, it will eventually become a common method of conducting financial transactions.
 

Passiveearner

Notable
Member
Dec 28, 2022
3,334
206
Dex
$0.000
Raw Dex
$6.312
I think cryptocurrencies have already become a huge part of many businesses. Cryptocurrency volatile and high fees are some factors that make many businesses turn away from cryptocurrency payment method.
 

Nite

Notable
Member
Nov 13, 2023
1,287
37
Dex
$6.052
Raw Dex
$0.390
The benefits of using cryptocurrencies in business can't be ignored. The decentralised nature of them offers increased security and privacy for both businesses and customers.
 

grigorie888

Complete Stranger
Member
Aug 15, 2024
31
0
Dex
$0.000
Raw Dex
$0.190
Crypto is already mainstream, especially in places like the Middle East, because it’s untraceable and is also used on the deep web. How do you think those shady activities are paid for? So, crypto will most likely remain a big thing
 

Passiveearner

Notable
Member
Dec 28, 2022
3,334
206
Dex
$0.000
Raw Dex
$6.312
I think it will still take much time for cryptocurrencies to become even more popular. Many investors still don't trust cryptocurrencies due to the fact that many cryptocurrencies were created anonymously.
 

Nite

Notable
Member
Nov 13, 2023
1,287
37
Dex
$6.052
Raw Dex
$0.390
We will see a shift in public perception. It may take time, but I think eventually cryptos will become more widely accepted and integrated into our financial systems.
 
Back
Top