Payment with cryptocurrencies increases in the world
Electronic payments advance on replacing cash for operations when purchasing products and services
Many enthusiasts of digital currencies assure that the use of bitcoin as a means of payment is a great opportunity to promote in the global economy.
Due to the alternative seen in the midst of the current global situation, the daily media diariobitcoin evaluated whether this situation will really serve as an incentive to promote the adoption of bitcoin and other cryptocurrencies in the physical world as a possible refuge or store of value asset.
According to the analysis, three main characteristics are contemplated that all the assets that wish to circulate as currency in the market must possess:
One, it must be a means of exchange and payment accepted in transactions for goods and services payment. Second, it must also appear as a unit of measurement, so the price of goods and services must be expressed in said asset. And third, it is necessary that its operation appears as a store of value, because that asset must maintain its price over time.
However, some analysts indicate that although bitcoin and its underlying technology have innovative features that pose a redefinition of the concept of money, there are some aspects such as price volatility and the lack of adoption among merchants and users who question their potential to compete against other more traditional means of payment.
K.Villarroel
Source: diariobitcoin
