Of all the problems that keep Bitcoin and other cryptocurrencies from replacing the dollar in everyday transactions, one stands out: volatility—value fluctuation in relation to the dollar. That’s according to a recent survey conducted by Survata, an independent research firm in San Francisco, which found that 60.3% of cryptocurrency holders see cryptocurrency volatility as the most important barrier of using cryptocurrencies in everyday transactions. “Whenever you transfer bitcoin using blockchain, it can take hours. One is speeding up the time it takes to execute cryptocurrency transactions, something cryptocurrency exchanges are working on. Merchants, for instance, concerned about Bitcoin volatility, can purchase Bitcoin futures, as discussed in a previous piece here.

Source: Forbes February 24, 2018 02:15 UTC