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City AM: Will cryptocurrencies soon become a mainstream form of payment?

Dr Garrick Hileman, Research Fellow at the Cambridge Centre for Alternative Finance (CCAF), Cambridge Judge Business School, discusses why cryptocurrencies won’t replace current payment methods soon: “While the value of cryptocurrencies such as bitcoin have recently skyrocketed, for a number of reasons they are unlikely to be used by the majority of people for payments in the next couple years. Cryptocurrency payments have great potential, particularly around machine-to-machine transactions, but mainstream use in the short run is unlikely.”

Read the full article [cityam.com]