Second using summary statistics for US debit card transactions we nd that a cryptocurrency can perform nearly as well as a low-value retail payment system operating with very low fees2. However the US economy is not readily accepting cryptocurrency. Economic impact of cryptocurrency.
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In general the cryptocurrency market is actively growing new companies and infrastructure projects appear. Starting from a price of just 1000 in January 2017 reached to 15000 in December 2017 has amazed not only the investors but the government as well. However the US economy is not readily accepting cryptocurrency. Crucial issues such as the incentives of participants to cheat and the endogenous nature of some key variables such as the real value of a cryptocurrency in exchange have been largely ignored.
For that reason there is a lot of confusion.
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