Future payment systems.
Lisa Eliss, an analyst at MoffettNathanson, had previously expressed a similar opinion about the future of conventional payment systems that work primarily with fiat money. In her opinion, thanks to the decentralized network, Bitcoin can bypass all competitors, gradually pulling along other representatives of the actively developing cryptoindustry.
“Bitcoin, Ripple and the air are destructive for payment systems. Free money attracts far not only attackers, but also investors, large companies and ordinary users. When their benefits become apparent, there will be no competition. Because of this, users will gradually switch to cryptocurrency, leaving the usual payment systems in the past, ” - Ellis said.
The specialist singled out among the most promising payment systems, Ripple and Veem, which use tokens as payment instruments. In addition, if supported by the institutional authorities, the cryptocurrency can reach a new level already this year.
