Most of the popular cryptocurrencies in circulation today, including Bitcoin, are deemed too volatile to be used as a medium for everyday transactions. But according to Monex CEO Oki Matsumoto, it is not long before a new stable cryptocurrency will enter the market and gain widespread recognition as a credible alternative to fiat for daily use.
Potential of the Crypto Economy Is Too High to Ignore
Monex acquired Tokyo-based digital currency exchange Coincheck Inc. in April 2018. The $33-million deal was criticized by many as risky considering that the exchange had lost $530 million in a cyberheist earlier in the year. However, Matsumoto defended the decision saying that the huge future potential of cryptocurrencies makes it worthwhile to occasionally take manageable risks.
Congratulations @quross! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!