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When Will Crypto Overtake Cash?

Picture this. One day, in the not so distant future, cash will disappear and be a thing of the past. But without cash, what do we then rely on to pay for our day to day items?

There are two routes that can be taken, one of which is already being done in across a lot of nations, credit card/debit card payments. So for example, people could leave their wallets at home and just bring their cards out with them instead. The other route is cryptocurrency.

The first route is something that we are very much on, with contactless payment being very popular due to their simplicity and ease. But cryptocurrency payments are getting more popular across the globe, granted at a snail’s pace but even so, it is gaining traction in some parts of the world.

Blockchain technology seems to be the best promoter for this ‘cashless’ lifestyle. Nonetheless, the transition is already happening even without its help. Perhaps using the NFC (near field communication) function inside your phone is not that…

Read Full Story : Crypto Daily™

2019-04-16 16:00:00

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