Every crypto fan’s dream is to see cryptocurrencies used in a variety of industries as a legitimate means of payment. However, there are only a handful of companies that are willing to risk the volatility of the crypto market and accept popular altcoins or even Bitcoin as a legitimate means of exchange.
But time and time again, we’ve been proved that altcoins, as well as Bitcoin, are not reliable quite yet. The volatility is still unmanageable, at least for a business model focused on profits that are. The risk of having 10% less in just a single day or even a single hour is too much to bear.
Sure there are arguments that there could be a 10% profit in a single day as well, but that’s the issue. Stability is one of the most important aspects of a business. Stable income means stable growth, thus more opportunities for the business to grow. If it’s extremely hard to predict the funds that will be available a month from now, it becomes extremely hard to plan something perfectly.
Retail is affected by this on a whole new level. These companies don’t really rely on producing their own products. Often cases they simply purchase them in bulk and try to sell them at a profit in their large markets, which are expensive due to real-estate. The profit they gain on selling other people’s products is also very meager, meaning that there needs to be a guarantee of at least covering all the costs.
That is one of the reasons they can’t use things like Bitcoin, Ethereum or Litecoin. However, due to TUSD proving itself unreliable as well, large Retail corporations have nothing left but to simply take cryptos out of the equation completely.