It's time we understand, embrace cryptocurrency

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Letter to editor: Technology is not something to be feared. It is something to be embraced when put in the right context.

Technology is not something to be feared. It is something to be embraced when put in the right context.

Consider this: there are approximately 405,000 bitcoin transactions carried out on a daily basis. About 10 percent of the world's population and 16 percent of Americans own cryptocurrency.There is no question cryptocurrency and blockchain are going to be an important part of our future. The convenience and money-saving aspects will inevitably accelerate its use.

Cryptocurrency, like several other innovations which have trodden new paths in large fields among established players, continues to exist in an environment of skepticism despite the fact cryptocurrency is already being incorporated into financial systems and government regulations are gradually catching up to this growing addition to the financial sector.

 

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