Will cryptocurrency be a key financial sector in the future?

[happy weblancer]

I think cryptocurrency will not be the key, and will be another area of the financial market, as are stocks. And the company will decide what it is advantageous and more convenient to use the conventional banking system or cryptocurrency. But before that, we are still far, we are not yet ready for such a revolution, but we are moving in the right direction.

I support the same opinion. Cryptocurrency is too specific to use, there is a lot to know and understand, including especially in security measures. Therefore, taking into account its high volatility and other qualities, it will be used mainly by citizens, states, government structures and business structures will not use cryptocurrency widely. For business structures it is very important not fast, but documentary confirmation of the transaction for various kinds of audits and tax authorities. It is unlikely that the inspection bodies will constantly check the records in the blockchaine.

Documentation can be provided by scanning a document confirming the source of funds or containing other information. It's easier and more convenient for auditors to check electronic information than paper information.

[Psec]

Am 100% sure that Cryptocurrency will be a key financial sector in the nearest future, we will be fully empowered to determine our money and it will certainly disrupt the global financial sector. We are lucky to be among the early adapter of it.

[kafiddrhman]

It can happen one day, we know that crypto has many advantages. But I think it will take time to be a key financial sector in the future. And yeah, crypto will be a key financial sector in the future because the era is progressing and crypto is very suitable for it.

[Businesscase]

Of course, it will be. Crypto provides fast, safe, cheap and clear transactions - it will make economic of the future better for all humanity.

[Li-Fox]

I think it's hard to predict something now. But everything can be. I am sure that in the future the cryptocurrency will develop very strongly. But a lot depends on the government.

[louie69]

In my views, I think that cryptocurrency could be considered as one of the financial sector in the future since big corporations are now adopting the use of the blockchain technology which is way more effective that is more proven to have faster transactions compared to traditional banking transactions. Moreover, the popularity of cryptocurrency has been increased where there are now more people adapting the use of this currency due to it's convenience in doing payments and other related money transactions.

[sehoon]

Yes. Especially for the people who invested in great ICOs and ended up earning a lot of money since ICO prices are not that high. Cryptocurrency is a big key financial sector in the future.

[cahbagus555]

You think positively and that will contribute to changing the world. Cryptocurrency has provided people with financial satisfaction and where payment is a core issue. Cryptocurrency and blockchain are now being Enterprises apply to help their work be promoted more vigorously

Cryptocurrency will be new investment market. With more good news in market recently, i am believe cryptocurrency market will growing bigger in near future.

[sixexgames]

Well maybe Stellar or Ripple could make inroads into banks and financial institutions. It seems like some banks are experimenting with these already... hopefully they get more widely adopted by banks.

[U2018]

I think it's more than just an important department. The cryptocurrency will change the financial industry's future financial and cryptocurrencies will merge.

[Wong Kalong]

Crypto does have to be a financial sector for the future but not the main, this is the sector that is being mined and requires a truly active and creative process so as not to lose.

[Sonaile]

I Hopefully one day crytocurrency might even end the Federal Reserve.

[jyotianand01]

It will take time but it will happen sometime as more and more financial institutions adopting it as a payment option and its acceptance is growing. This technology is a biggest challenge for banking sector. 

[Renu kapoor]

Cryptocurrency will be a key financial sector in near future and the symptoms of this act are there and many people are accepting it as a medium of exchange, in the long run all the payment systems were run through this crypto it may take some time.

[Rituvohra01]

I think it may be possible that a cryptocurrency be a key financial sector in future because many institution adopted it day by day.

[ClassyDancer]

Of course, crypto is a key financial sector in the future. It will give our entire financial paradigm an overhaul! Using a digital currency is simpler, it will facilitate ease in doing financial operations and will open the system up to everyone having access to the internet. Blockchain also offers a more efficient and stress-free lending system. So yes, crypto will change our financial world. Some say it’s not a possibility, but more of a revolution. Do you agree?

[jacafbiz]

I think Cryptocurrencies still have along way to go, how do you think those living in the rural area would cope using Crypto without internet. I believe there are people working in this area and I think I have read somewhere of BTC Wallet without internet collection. The future is very bright provided people start to focus more on development rather than marketing for now

[NikNikKomarov]

It is likely that the cryptocurrency may become a full-fledged participant in the global financial system in the future. Everything will depend on how much crypto is recognized.

[vseslav90]

Yes, it will be a key that will help to open new doors for us to be smarter and oriented for the future this crypto. I suppose that crypto will make a greatest contribution for the humanity.

[Haunebu]

That depends on a multitude of factors. These are the primary factors that need to be considered here:

- Mainstream adoption of cryptocurrencies
- Stability in terms of the volatility of Bitcoin and other major cryptocurrencies
- Reduced successful hacks on cryptocurrency exchanges leading to better security
- Approved proposals for institutional investors to invest into this market
- More focus on the real world use cases of Bitcoin and other cryptocurrencies along with their underlying technologies

I firmly believe that these factors will need to be strongly considered when answering your question op.