How cryptocurrencies will get mainstream adoption
What needs to happen before cryptocurrencies get mainstream adoption?
Jamie Skella, co-founder of Horizon State the blockchain company redesigning democracy, gives his opinion on how cryptocurrencies and the technology around them will achieve mass adoption in 2018.
Read the transcript:
What do you feel is key this year for the crypto space to become more attractive to mainstream buyers and just the mainstream world in general?
There's a lot of talk sort of within the community and the industry right now about this term of mass adoption. But you have to think carefully about what you're talking about in reference to mass adoption.
Are we talking about blockchain products and services? Are we talking about blockchain technology so far as what underpins those services and products? Are we talking about mass adoption for crypto currency? There's lots of different facets to this.
I think in terms of mass adoption for investment, I feel like it's sort of already there. It's gone mainstream and people who want to put some money at risk or who were already investors are probably playing in crypto already.
I would like to see throughout the course of 2018, we start to see some more practical applications for a lot of these. And that will happen as a byproduct of some of these blockchain businesses maturing and their utility tokens coming into real use.
And I think it will also happen because we're starting to see some really high-quality blockchain solutions and coins that actually have the opportunity for high transaction volumes and fast settlements. And so, hopefully we start to see the currencies being actually used as transactional currencies exchanges rather than just stores of value.