Cryptocurrencies still mostly speculation, not a payment mode: S&P Global
S&P Global sees a greater chance of large-scale adoption of central bank digital currencies as a means of payment than private digital currencies
Cryptocurrencies continue to be speculative instruments, which investors mostly use as a store of value rather than a means for commerce, despite some moves toward broader adoption, S&P Global said in a report. The ratings agency added that regulations and much greater public confidence are the keys to the more widespread use of cryptocurrencies.
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