In light of current situation, the cryptocurrency have risen dramatically. This imply, cryptocurrency will face another condition after Covid19. Moreover, the realm of cryptocurrency is not ready yet to be the main driver in the payment system because of technical requirements. My verdict is we need more time to see the cryptocurrency as generally accepted mean.

Cryptocurrencies have a potential future and even though they have fluctuating values, these digital assets might find a way to become an effective means of payment, Raghuram Rajan, former Reserve Bank of India governor, told the Reuters Global Markets Forum.Aug 26, 2021

https://www.livemint.com › market

Cryptocurrencies have a future, may become effective means of ...

Bitcoin also has a limited supply, which allows for built-in scarcity by design. Because of that, it's seen as a store of value by its holders. One reason cryptocurrencies could make payments more efficient is because they can allow for quick and transparent cross-border financial transactions, Prasad says.Nov 11, 2021

https://www.cnbc.com › 2021/11/11

Predictions for future of money: CBDCs, stablecoins, cryptocurrency

https://econofact.org/are-cryptocurrencies-the-future-of-money,kindly check this link.

https://www.cnbc.com/amp/2021/11/11/predictions-for-future-of-money-cbdcs-stablecoins-cryptocurrency.html,u can follow this kink.

https://www.cfr.org/backgrounder/cryptocurrencies-digital-dollars-and-future-money,this link may be useful.

I think that the different types of the cryptocurrencies do not follows an appropriate patterns for a long term investment. At first, i would say that its financial attractiveness undeniable but these are constantly changing according to the international developments and various events throughout the globe. However, these are justifiable as a short term investment source . It is important to have an sufficient knowledge and wisely approach before investment in this market. In other words, how to get in such a market that received the most financial benefit and suffered the least financial loss.

Digital currency is not all encompassing for now but it may become the future if the rural economies gets integrated into it. At the moment, the rural economies appears not to have a clue of what it is and how they could partake in it.

Dear Mohammed Faez Hasan we miss your valuable contributions, welcome back, very interesting analysis

Hamid Reza Farhang Thank you very for this awesome contribution

Interesting query....

i agree with Ineke Ugbede Joseph

As long as there are irrational people the cryptocurrencies will be around. A good thing is they may provide a substitute for fiat currencies and motivate governments to be more responsible in safeguarding the value of the money and make them better store of value and more liquid. Cryptocurrency can induce Credit Cards companies to reduce interest rates. But if a financial crisis hits the global economy the value of cryptocurrencies will be the first to take the sharpest dive as nobody who is rational would hold them. Historical statistics can show that they are a very volatile asset,

Ineke Ugbede Joseph It is true that there are many areas and social groups that are still marginalized, such as rural areas, the elderly, and those with limited education, and until you find them financially excluded from traditional financial services, let alone advanced technology.

Faraed Salman Thanks for the helpful links and the excellent follow-up

George K. Zestos True, I agree with you on the aspect related to the risks that may result from it, especially since it is not subject to the supervision of supervisory authorities, and therefore in the event of its collapse or the bursting of the bubble, it may cause a deep crisis to the global financial system.

Dear Dr Othmane Touat . It could be . See following useful link: https://moneycheck.com/cryptocurrency-future-of-money/

Kindly see also the following very good RG link: Article Cryptocurrency: The Revolutionary Future Money

Also see kindly the following good link: https://www.uh.edu/nsm/news-events/stories/2018/0110-cryptocurrency.php

Aref Wazwaz Thank you so much for always sharing

You are most welcome dear Othmane Touat . Wish you the best

Surely the "risks" are greater than the "advantages".

The "creation" of cryptocurrencies and the indiscriminate increase in "contactless smartphone" payments has as its sole objective the control of the masses (in every sense).

Gioacchino de Candia Thank you so much for sharing

There is a need to explore the risks of digital-cypto currency indepth especially on how it can negatively distorts the global financial markets and its likely adverse effects on poor countries who lacks the technology and know-how.

Indeed cryptocurrencies are driving the current attention of practitioners and research scholars, but still, we cannot completely do away with traditional bank notes and coins. Regarding cryptos and their recent trends the following publications would be helpful!

Article Tail dependence between bitcoin and green financial assets

Article Examining the Interrelatedness of NFT’s, DeFi Tokens and Cry...

This is a very interesting question, both politically and socially. But it is not possible to give an unambiguous answer to it. Dear colleagues, thank you very much for the interesting information on this matter!

I completely agree with you @Khrystova Tetiana Khristovaya T. E.

You can further consider these publications helpful:

Article Examining the Interrelatedness of NFTs, DeFi Tokens and Cryp...

Article Quantifying the hedge and safe- haven properties of bond mar...

Article Tail dependence between bitcoin and green financial assets

This is an important question and will be important in the future. I think it would be more accurate to call it a cryptoasset rather than a cryptocurrency. Currently, cryptocurrencies do not have the characteristics of money as we know it. In general, it would not be wrong to say that it has contributed to the integration of technology and financial services, and that this will continue in the future. It's too early to make a final judgment, we'll see what happens. However, it is necessary to beware of the hype about cryptocurrencies.

Indisputable, cashless society would be the future. But again in many poor countries, there is lack of technology so they will not accept it easily.

I think the future of money is in e-money