What Could Make Cryptocurrencies Go Mainstream?

Digital currencies, with Bitcoin at the forefront, have made huge strides in just the past few months. Bitcoin, Ethereum, and Ripple – the top three digital currencies by market capitalization – have each grown substantially in price over the past few months. More and more currencies are entering the field, and new firms and institutions are cropping up all the time, thanks to a wave of initial coin offerings, or ICOs.

What's more, pre-existing financial institutions are slowly coming around to the idea that cryptocurrencies can be a worthwhile area of investment, with banks adopting blockchain software and entering the digital currency asset world as well. (See also: Volatile Times Ahead for Bitcoin, Goldman Says.) And yet, the process by which digital currencies have entered the mainstream has been very slow. Yes, the customer base has been growing alongside the volume of cryptocurrency trades, but most parts of the world seem to still be a long way off from seeing regular transactions conducted in digital currencies. What could help to bring cryptocurrencies to the masses?

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