Although cryptocurrencies are still in their infancy, important headway has been made in the broader world of digital currencies as of late by regulatory bodies, central banks, start-ups, tech giants and traditional FIs – domestically and internationally. As institutions begin to experiment with potentially far-reaching use cases and regulatory agencies play catch up, the drawbacks and theoretical benefits associated with cryptocurrencies and, particularly, blockchain have the potential to give way to tangible applications which deliver real value to consumers and institutions alike. For institutions, an exploratory approach to understand the technology and its implications is advisable. Experimentation is more about the potential to unlock the upside of the underlying technology than indicative of an incoming paradigm shift for US consumers towards using cryptocurrencies as a primary means of payment.
https://www.transfund.com/resource-library/2019/the-viability-of-cryptocurrencies
