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

[uptrendfinancialsignal]

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.

 

[desta001]

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]

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]

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]

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]

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]

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]

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]

I do not see crypto replacing traditional finance but I see crypto getting into the main stream, Bitcoin ETF is one example.

 

[Nite]

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]

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]

While it may take some time for cryptocurrency to become mainstream, it will eventually become a common method of conducting financial transactions.

 

[Passiveearner]

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]

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.

 

[Etini Willie]

Crypto would get to a point that it would become a normal payment method for regular transactions. It is going to happen sooner than later.

 

[Nite]

In near future, it is very possible that paying with crypto will be just as common as using cash or credit cards.

 

[Ratine]

I think that would come to pass because there are some countries that are now accepting payments through cryptocurrency.

 

[grigorie888]

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]

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]

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.