Crypto fails as money, what needs to change | Opinion

For crypto to succeed as money, people should consider it as a tool for everyday trading.

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Bitcoin and other cryptocurrencies are popular as investments, just like stocks, or as some experts call them. Vitocoin is “digital gold.” But when it comes to being used as real money, they are short. High fees, slow transactions, and often complex systems make Crypto less practical for most people. If the industry wants to see large-scale adoption, it should focus on fixing these issues and making cryptography easier to use and accessible to everyone.

Older blockchain systems suppress ciphers

When Bitcoin was launched, its decentralized design was groundbreaking. It showed the world new ways to secure and transfer money without relying on banks that are prone to relying on external factors such as inflation and geopolitical constraints. But more than a decade later, the original system is struggling to keep up.

The Bitcoin block creation process, which takes place every 10 minutes, limits the number of transactions that can be processed. During busy times, prices go up and checking takes time. This makes using Bitcoin for small, everyday payments inconvenient and expensive.

L2 solutions like Lightning Network try to make Bitcoin faster and cheaper, but such solutions still rely on the same slow base layer. This means that the core issue remains unresolved. As a result, Bitcoin is used primarily as a value store or investment, rather than as a way of paying for everyday products. For ciphers to be widely adopted, they must move beyond this fundamental limit.

Cryptography must be scaled for everyday use

Meanwhile, traditional payment systems such as Visa and MasterCard easily process millions of transactions every day. Crypto must match or exceed this level of performance to compete. A small improvement is not enough. The industry needs a bold new design that can handle large volumes of transaction volumes without sweating.

Without this kind of scalability, Crypto will continue to get stuck as a niche tool. It’s good for speculation, but not for replacing traditional financial systems.

Hybrid model and stablecoins case

One way is to use a hybrid system that combines the strength of the crypto and the stability of Fiat Money. Stubcoins tied to Fiat currencies like the US dollar already show promise. They provide crypto speed and privacy while avoiding price fluctuations for coins like Bitcoin.

Stablecoins have gained traction in countries where local currency is unstable, providing people with a safe and practical way to save value and transfer value. However, they are only part of the solution. The industry needs a seamless system that integrates stubcoins, traditional cryptocurrencies, and even digital fiat currencies.

Such systems offer the flexibility to choose the best one for your users, while maintaining the key benefits of decentralization, speed and security.

Changing the way people see codes

Another big hurdle to the adoption of cryptography is how people view it. Bitcoin is often referred to as “digital gold,” so people think of it as an investment they hold rather than spend. This idea has helped Bitcoin increase its value, but it also undermines the possibility of it being fully integrated into the daily trading of fewer products.

This perception needs to change for Crypto to succeed as money. People should see it as a tool for everyday trading, whether they are buying coffee or sending money abroad. This requires not only better technology, but also greater communication and transparency from the industry. The message must be clear. Crypto is simple, reliable and ready for use in the real world.

The road ahead

Of course, the industry needs to consider that as a stock market, the industry continues to focus on speculation, as it overcomes price increases. In that case, the industry and crypto won’t be able to reach their full potential and remain niche tools. But if priorities move towards a practical solution, Crypto can really be the money of the future.

The road ahead isn’t easy, but the goal is worth it. Crypto doesn’t just need new technology, it also requires new thinking. The question is not whether cryptography can change the world. The question is whether you are ready to do that.

Author: Alexander Gusev

Alexander Gusev He is the founder and CEO of Tectum, a subsidiary of Crispmind Ltd., and is advancing innovation in the fintech and blockchain industry. With decades of experience in full-stack high-performance blockchain development, Alexander is committed to creating a quadrift blockchain, recognised as the fastest layer-1 blockchain in the world with an unparalleled capacity of 3.5 million transactions per second. Alexander also led the development of SoftNote, a solution that addresses the challenges of blockchain scalability. SoftNote enables paid, scalable transactions and encourages the wider adoption of cryptocurrency and digital payments. Alexander’s contribution to blockchain technology has been featured on global platforms such as Blockchain Life and the BRICS IFE Forum, and has solidified his reputation as an industry thought leader. His strategic focus on marketing, product development and community engagement continues to guide Tectum’s mission to transform digital payments.