Morgan Stanley Says Crypto Could Become More Widely Used as Currency

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Partnerships with physical stores are a significant milestone in the evolution of bitcoin as a medium of payment, MorganStanley said in a report. By willcanny99

Crypto is on the way to becoming accepted at the point of sale, Morgan Stanley says. Few people use cryptocurrencies to pay for everyday goods because transaction fees are high and merchants don’t accept crypto in payment, but that is changing, Morgan Stanley said in a research report Thursday.with point-of-sales supplier NCR and payments firm Blackhawk, which means a large number of U.S. stores and restaurants will soon be able to accept bitcoin payments.

The fee to send a bitcoin transaction using the Lightning Network is close to zero, which means it is more practical for making small payments that would normally be made using a debit card, the bank said.

 

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MorganStanley willcanny99 Without a doubt, I will be happy when all stores start accepting crypto, but it shouldn't be bitcoin, but stablecoins like usdt

MorganStanley willcanny99

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