Crypto-Currencies as Medium of Payment

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approved and published on 11/29/2017

A well-known obstacle to greater adoption of crypto-currencies (e.g. BTC) as a ​ medium of payment is the high volatility of its exchange value, due to its limited supply. As a consequence, the unit price varies (sometimes significantly) over short periods of time. This makes BTC unpractical for merchants that need to pay their suppliers in cash - especially in bearish​ ​ markets​ ​ where​ ​ this​ ​ currency​ ​ risk​ ​ can​ ​ ruin​ ​ a ​ ​ business.

This problem can be tackled by use of price-stable crypto-currencies, which are introduced in the article below: