Alternative Currencies


Beyond Bitcoin: What's Next for Cryptocurrencies?

Andrew Deichler 25 November


Virtual currencies remain a hot-button issue, with governments contemplating whether they need to be regulated and banks and companies trying to determine whether they should adopt them in some capacity. Thus, gtnews turns its attention this week to where these innovative payment and investment tools are headed. At a recent conference in Singapore, attendees discussed the benefits and risks surrounding cryptocurrencies. While cryptocurrencies might appeal to corporate treasurers due to their low transaction costs, there will always be risks such as a computer glitch or hacking incident causing people to lose their investments, or regulation ultimately snuffing them out. Some countries, like Germany, have made it so difficult for businesses to use virtual currencies that they are barely being touched. For now, the general consensus seems to be that even if virtual currencies are here to stay, it will be a long time before they achieve mainstream acceptance.

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