Despite widespread innovation and technological development over the past couple of years, the biggest problems with cryptocurrencies today are the same as they were back then.
It’s safe to say that most people who are going to adopt cryptocurrencies for ideological reasons or as speculative investments have already done so. Unfortunately, those groups haven’t pushed crypto into the mainstream. The majority of people still see cryptocurrencies as extremely risky and complicated, and there are few solutions that make cryptocurrencies easy to use in everyday life.
Then, of course, there are the problems for merchants. Online merchants already have to deal with several Payment Service Providers (PSPs) that lack interoperability, and adding cryptocurrencies to the mix can be both time consuming and confusing for them. Likewise for brick-and-mortar shops, but with the additional obstacle of limited options for specialised software or hardware.
These are big problems, but they are not insurmountable. The internet faced similar…