RATE Group | The Real Barriers To The Mass Adoption Of Cryptocurrencies in 2019
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The Real Barriers To The Mass Adoption Of Cryptocurrencies in 2019

27 Nov The Real Barriers To The Mass Adoption Of Cryptocurrencies in 2019

Posted at 19:08h in Cryptocurrency News by

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When people discuss what is holding back the mass adoption of cryptocurrencies, the focus often goes to its current limitations in usability. There are not many traditional retail environments that accept cryptocurrencies as payment, transaction times can be quite slow depending on the platform, and the user interfaces for most wallets and apps are not as user-friendly as they should be for mass consumption.

While these aspects are quite important to allow cryptocurrency holders to use and transact in crypto conveniently, the masses will have to actually desire to hold it in the first place. Even though usability is a legitimate concern, the real barriers holding back mainstream adoption of cryptocurrencies are fear (mainly due to volatility) and confusion (mainly due to crypto’s steep learning curve).

What are the barriers to Mass Adoption Of Cryptocurrencies?

Fear

The 2017 bull market in Bitcoin brought many interested new retail investors into the cryptocurrency markets,…

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