These Cryptocurrencies want to Shake up Payment will Banks let them?

Specifically, Pundi X has created a device, a sort of payment terminal that connects with a user’s phone allowing them to spend cryptocurrency at a brick and mortar store. The ultimate goal would be a sort of Square (NYSE: SQ) for the cryptocurrency payments. That is a device that would function as a cash register for cryptocurrency transactions.

Each of these cryptocurrencies provides a cautionary tale for altcoin investors and speculators. The moral of that story is that each of these projects is theoretical and their technologies and business plans unproven.

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