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Wednesday, July 9, 2025

Why Crypto Falls Short Of Becoming Everyone's Default Mode Of Payment? - NDTV Profit

Cryptocurrency has risen exponentially in popularity over the past few years. But its journey in terms of growth has been a roller-coaster ride. At times, crypto coins, like Bitcoin, and Ethereum, have shown an incredible appetite for success, but there have been times when their drive for growth has been lacking. Extreme volatility and sudden price swings happening at regular intervals are taking out lusture from the emerging sector. These are just some of the reasons that make crypto coins less adaptable to becoming a default payment mode. However, the underlying blockchain technology is promising.
Though in some countries, companies have begun accepting payments in some crypto coins, the recent crash across the market has made them reassess their decision. Take another example: El Salvador. The Central American country legalised Bitcoin in September last year and began building a war chest of cryptocurrency. The country's President Nayib Bukele promised that Bitcoin would help...



Read Full Story: https://www.ndtv.com/business/why-crypto-cannot-become-a-default-payment-mode...

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