Here's Why Crypto Isn't Accepted For More Everyday Transactions

feedback@businessinsider.com (Jeff Desjardins), Business Insider
Thu, 04/19/2018 - 3:49pm

AP/Jeff Chiu) Cryptocurrencies are accepted at more than 11,000 brick-and-mortar retailers globally. But crypto users are struggling to use it for more everyday transactions. That's due to a number of things, including price volatility and hefty transaction fees. In the original whitepaper, Satoshi Nakamoto envisioned Bitcoin as a peer-to-peer version of electronic cash that would facilitate transactions without the oversight on a trustworthy, centralized party. Since then, cryptocurrency has surged in popularity as an asset class – and Bitcoin is now just one of many digital currencies out there.

Topics: ap/jeff chiu cryptocurrencies satoshi nakamoto business insidernow watch earth bitcoin us accepted everyday transactions

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Here's Why Crypto Isn't Accepted For More Everyday Transactions

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