The growing resonance on the fact that can the cryptocurrencies win over the physical currency and dominate its position in the future which looks so uncertain. The crypto experts, financial gurus are all in the preoccupied state of mind; as how well the world will go on to accept paperless currency in form of few codes, strings of virtual data. Looking at the technical aspects, there is more reluctance on one side to accept them in the mainstream medium of exchange as against traditional currency, well on the other side there is a lot of acceptance to the coins from the crypto side.
There is lot going on in the technology environment, the crypto world has had many difficulties, but the underlying technology has been intact in spite of too many jolts, which has made universities to include them in their curriculum for students to delve and research in what could be the future of money or the crypto money. Using the cryptocurrencies in international airports, major transportation hubs are getting to see the light of crypto coins to be used as a medium of exchange for the services. This is an encouraging trend, trulycoin.com has mentioned the easiness of using the virtual currency, a spokesperson from IMF have mentioned about the stableness of crypto coins after a bout of unsteadiness and crashes.
What are the possible hurdles?
- rising student loans, job cuts due to automation, lack of financial stability
- future pensions could be a major downfall, as there is the economic slowdown has impacted the interest rates and savings
- an alternative way to sustain the earning capacity of adults, to save for a better future seems to be unpredictable
- mutual funds banks have all been caught up in the cybersecurity with funds being wiped out due to market fluctuations