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Does Cryptocurrency Have a Future?
Despite the current “bull run” in the larger market, the future of cryptocurrencies is still pretty uncertain, as nobody (even those who are adamant) knows exactly which direction it will take. It can be difficult to decipher what is true or false, even though it is mostly all conjecture with much contradictory information circulating. To consider whether cryptocurrencies have a place in the future, we need to consider how likely it is that they can adapt to overcome the obstacles that are currently in their way.
On a positive note, we can already see that several companies have begun integrating cryptocurrencies into their product offering. There are crypto credit cards, interest-earning crypto accounts, and coins gradually gaining acceptance in payments for products by different companies.
The more crypto becomes a currency, the more of a solid future it will have. It has been argued that while cryptocurrency will have a future, it may mean that stablecoins that are closely tied to the value of fiat currencies will survive and be adopted in everyday use. Not only should its adoption involve paying companies, but for it to be fully adopted, it needs to be used in other ways, such as companies paying their employees. In this way, cryptos would be circulated more, instead of simply being used to pay for an item and sitting in a company’s huge crypto store.
