Why A Small Arizona Business And The Salvation Army Like Cryptocurrencies
Block chain technology makes possible the digital forms of money known as cryptocurrency, which enables transactions to be made without any physical forms of payment — coins, dollar bills, checks or credit cards, for instance. That makes many people and businesses hesitant to embrace digital currency. But some businesses and organizations are giving it a try. Fulton Schools Research Professor Dragan Boscovic, director of ASU Blockchain Research Lab, says the many different kinds of digital money — there are thousands — make it difficult for businesses to decide which kind to use, and that the inability of cryptocurrency to process large numbers of transactions quickly is a drawback. Boscovic still expects to see increasing use of digital currency, but doesn’t foresee it becoming mainstream any time soon.