Although crypto has long been viewed as an extremely exclusive technology due to its perception as unsafe and overly complicated, government bodies and financial institutions are beginning to acknowledge it as something that may champion financial inclusion.
In a joint survey conducted by the Association of Certified Anti-Money Laundering Specialists (ACAMS) and the Centre for Financial Crime and Security Studies at the Royal United Services Institute (RUSI), respondents, all being experts in related fields and from various locales, overwhelmingly agreed that cryptocurrencies will lead to greater financial inclusion due to their proliferation when it comes to use in day-to-day transactions.
Furthermore, a considerable 29% of all respondents judged cryptocurrencies’ main use case to be day-to-day payments in five years time. Although not a majority, this is significant due to the landscape being nothing like this today.
Cryptocurrencies are, on the whole, currently traded on the exchange in order to turn profits, and aren’t fully realised as a way of evolving beyond traditional currency.
If the opinion of these experts is to be believed, there’s likely to be some exciting developments on the horizon, and big changes in the way cryptocurrencies are perceived by broader audiences.
Interested in crypto that’s already being used for day-to-day use rather than just trading? Dagcoin might be for you.
Check out which businesses are already accepting it as a method of payment here!