Jul 27th, 2018
According to a new paper from researchers at Imperial College London that suggests digital currencies are now primed for mass adoption, Bitcoin (Crypto: BTC) and other cryptocurrencies will become mainstream forms of payment within the next decade for goods and services on the strength of their increasing suitability for the role.
- Outsiders and even insiders struggle to maintain accurate understanding of rapidly evolving space
- Ratings agencies, indexes and industry analyst sites cropping up to address information verifiability deficits
- “Spendability” and usability emerging as acid tests for cryptos, ICOs and blockchain tech
Key factors driving the mainstream adoption of digital currencies, such as the ability to act as a store of value or function as a technologically superior medium of exchange amid the rapid rise of contactless and mobile payments, have already cemented crypto as a permanent fixture of the payments landscape. However, it is difficult for even well-versed investors to understand and evaluate the legitimacy of individual cryptocurrencies, initial coin offerings (ICOs) and blockchain technology companies. This challenge has led to the emergence of ICO rating agencies and market analysis sites such as Cointelligence. Some of the key players helping to make sense of this increasingly complex space include payment solution developers such as Virtual Crypto Technologies, Inc. (OTCQB: VRCP), Worldpay, Inc. Class A (NYSE: WP) and Square, Inc. (NYSE: SQ), as well as online credit marketplace developer LendingClub Corp. (NYSE: LC) and investor-focused fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR).