Will cryptocurrency become the norm for financial transaction?

[uptrendfinancialsignal]

Cryptocurrency has a lot of potentials and we have seen that it has changed the financial transaction landscape, but it is important to understand that it would have effect on our financial transaction based on different kind of factors .

The increasing adoption of cryptocurrency by individuals, businesses and even the government indicate that cryptocurrency is indeed becoming a new norm in the financial landscape and a lot of people are using it right now to carry out their financial transactions .

Cryptocurrency has a lot of benefits. The decentralized nature, security and lower transaction fee is what people love about it because it better than the traditional financial system.

 

[Suba]

Even though crypto lovers want crypto to be implemented as legal tender, the fact is that not all countries accept crypto as a means of payment. Even in countries that accept crypto, there are many shops that don't accept crypto. Currently, crypto is still very volatile so it cannot yet be used as a payment for global trade. Cryptocurrency is more widely used as a commodity or investment. When crypto prices are low, of course we have to think twice when buying goods or services using crypto because that means the same as selling crypto at a cheap price.