Numerous challenges remain
Of course, the environment for cryptocurrencies has already improved, but the Banking Circle study has shown that there are still many hurdles & challenges to overcome, which could possibly stop or significantly slow down the entire development.
For example, the high cost of transactions on the Ethereum network is one of the most important considerations for banks that want to participate in the digital asset revolution, although the cost is likely to decrease with the introduction of new code layers.
Sometimes one of the most important considerations for banks – the high cost of transactions, for example, in the Ethereum network. Of course, the banks certainly want to participate in the revolution of digital assets.
Maybe some good news: The crypto industry will soon have a minor influence on the central bank, because none other than former Ripple adviser Michael Barr was appointed to the Fed’s Supervisory Board last week Wednesday.
