Ever since blockchain burst onto the scene it's been a technology surrounded by hype and expectation, but the last year seems to have seen this grow to a whole new level, with initial coin offerings (ICOs) receiving almost as much hype as their namesake the initial public offering (IPOs).
To date, there's a sense that many of the cryptocurrencies built using blockchain technology have been only really good as an investment rather than a currency that can be used to actually buy things, and so long as this is the case it seems inevitable that the risk attached to Bitcoin, Ethereum and their like will be incredibly high.
There are early signs however that cryptocurrencies will slowly become something of practical use to its owners. For instance, the co-living company The Collective recently announced that residents in its facilities will be able to pay their deposits in Bitcoin, whilst they plan to allow rent to be paid the same way by the end of 2017.
“The rise and adoption of cryptocurrency globally, particularly Bitcoin, is a fascinating development in how people store value and transact for goods and services worldwide. With many savers and investors now choosing and becoming more comfortable with cryptocurrency, people will expect to be able to use it to pay for life’s essentials, including housing deposits and rent,” The Collective say.
Full story at http://bit.ly/2wwVYDL
Source: Forbes
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