Cryptocurrencies becoming more than just speculative assets is likely dependent on a digital coin emerging that is engineered to maintain a steady price, according to research by the MIT Technology Review. The report suggests that cryptocurrency could be used as an alternative currency for payments and other transactions, but it also notes that there are many challenges associated with creating such a currency. The new contenders are representative of the belief that less volatile cryptocurrency can contribute to broadening the global user base. Confidence remains in digital currency's ability to improve banking access for people and revolutionise online business.
Cryptocurrencies becoming more than just speculative assets is likely dependent on a digital coin emerging that is engineered to maintain a steady price, according to research by the MIT Technology Review. The increasing number of stablecoins still appearing is creating uncertainty around virtual currencies including Bitcoin and Ethereum, undermining the desire for more common use of blockchain applications such as insurance, lending and payment. The new contenders are representative of the belief that less volatile cryptocurrency can contribute to broadening the global user base. Confidence remains in digital currency's ability to improve banking access for people and revolutionise online business.