According to a study by Morgan Stanley, the number of people who use cryptocurrencies to shop in their daily lives may increase.
According to a research report released today by Morgan Stanley, these are among the reasons why people do not use cryptocurrencies in their daily lives. high transaction fees and many tradesmen not accepting payments with cryptocurrencies is located.
However, according to the banking giant, some developments in the crypto money world may change this situation.
The Morgan Stanley team cites Strike’s recent partnership with NCR and Blackhawk Network as an example of one such development. Many shops and stores in the USA can easily be accessed through this agreement. Be able to start receiving payments with bitcoin.
While Strike is putting this deal into practice, Using the Lightning Network is planning. Making bitcoin transactions over the Lightning Network cost close to zero because the use of bitcoin is thus more can become practical is being considered.
Another reason why people don’t want to use cryptocurrencies for their daily shopping. showing volatility. According to Morgan Stanley research Cryptocurrency cards for payments Using it can also prevent this problem.
Morgan Stanley also said that cryptocurrencies are still widely used today. used as a means of payment. and points out that people often use cryptocurrencies to buy non-fungible tokens (NFTs).