Faisal KhanAnswered May 12, 2015Universal Acceptance.
Seriously! Right now, cryptocurrencies are out of reach for many. They are not understood well, they cannot be bought/sold as easily as the fiat currency, trading it is slightly complex, the whole concept of wallets, and Secret Keys, etc.
I think this is definitely Cryptocurrency 1.0 - we will very quickly go to 2.0 with more friendlier buying/selling processes, trading becomes natural and seamless, bank account to be linked to Bitcoin exchanges to buy/sell and vice versa.
Right now it is the currency for geeks. When my cabbie or the waiter at the coffee shop knows and trades in bitcoins, that is when we will see some serious traction.
Seriously! Right now, cryptocurrencies are out of reach for many. They are not understood well, they cannot be bought/sold as easily as the fiat currency, trading it is slightly complex, the whole concept of wallets, and Secret Keys, etc.
I think this is definitely Cryptocurrency 1.0 - we will very quickly go to 2.0 with more friendlier buying/selling processes, trading becomes natural and seamless, bank account to be linked to Bitcoin exchanges to buy/sell and vice versa.
Right now it is the currency for geeks. When my cabbie or the waiter at the coffee shop knows and trades in bitcoins, that is when we will see some serious traction.