Cryptocurrencies stepped into the world as a means to move away from conventional ways of doing business. Not that having the intricate financial system carry out transactions was a bad thing. It was just rather slow, and a more reliable way to do business across borders was necessary. Of course, things haven’t changed much ever since. The financial system is still very much intact, and crypto assets, while popular, are still scrambling for purchase.
How likely is it, though, to see crypto money replace our well-established ways of doing business? The answer lies in asking ourselves what we understand about cryptocurrencies.