Is the battle of mass adoption holding Crypto back? As I look at the Crypto space it’s a collection of things that seem to hinder development and reduce progression. Although Crypto is gaining speed and interest it is slow to hit mass adoption, yet I think the solution is staring us in the face. Instead of trying to make the heavily volatile Bitcoin the currency a more stable substitute would be more beneficial for real-world use, with the help of online crypto stores, crypto casinos (get a list of best casinos through Gamdom review), etc.
Pin it to a major currency and its main advantage is quite simply it doesn’t fluctuate but stays in line with traditional currency. As the point is to make it of a trading value, not something that moves up and down with the markets it needs to sit stable and instead of sitting like Tether that is used for avoiding market dips. Instead, it allows companies to actually trade it for goods and services.
I am not saying I have all the answers but I do think this is one of the things that would help push mass adoption as it would allow businesses to tap into the Crypto market without fear of loss in a downward market trend. Instead, it could be built on small transaction fees that over time are utilized to support the Crypto and keep it stable. It is something I see a gap in the market for as being able to offer this service would be a door between all Crypto’s, the exchanges, general businesses, and mass adoption.
When you add into the business model the fact that many companies pay high fees for processing and even more fees on a monthly basis for the processing equipment then already this offers them a saving. Yet it doesn’t need to be a zero fee service but simply one that is cheaper, sustainable, and opens the door to mass adoption. With a fee built into the system, it can actually be used to stabilize the coin and possibly even build its own treasury.
Although this is not an easy problem to solve it is definitely something I think we need to inject into Crypto to add the ability to use Crypto for real-world solutions and one coin that cannot be price manipulated for profit beyond the sales of goods.
Let me know your thoughts? We are still in the early days of Crypto and I do expect a market recovery is underway but while I sit in trading groups that show a lot of wares they have purchased such as large TV’s, cars, new electronics, etc. it has all ended up back in FIAT to make it happen. We need mass adoption to make this real and practical.
A global coin, for a global community that is not controlled by the state or manipulated for greed, but one with purpose, use, need, and removing a lot of the problems related to the old financial
system that sits on the backs of the world riding the waves of everyone else’s sacrifices.