The Biggest Challenge for Cryptocurrency
Therefore, the greatest opportunities for cryptocurrency in North America are central bank issued crypto coins, and altcoins linked directly to fiat currencies.
Not surprisingly, American companies are behind stablecoins (fiat-backed altcoins) like Tether (USDT) and the Dai (DAI). Individuals could use stablecoins as a savings or as a hedge against inflation. An obvious use for stablecoins is transmitting money to and from other countries.
Other opportunities include protocols that quickly convert cryptocurrency into fiat currency. Notably, the most promising of these is Uphold.
To explain, Uphold is an application programming interface (API) that enables fast conversion of currencies. Uphold currently converts major cryptocurrencies like the Swiss Franc and the US Dollar.
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