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PRO: The New Digital Currency Solves the Biggest Problem Bitcoin Can’t
Spotlight Companies Follow | Thursday, 27 July 2017 11:01 (EST)

Bitcoin’s meteoric rise in the past year, in which it shattered new record highs over and over, has sparked a renewed fervor for digital currencies. But while traders are desperately trying to get their hands on Bitcoin, Ether or any one of the other 700-plus cryptocurrencies in this new digital gold rush, one fundamental problem is becoming clear: this is increasingly a market solely for asset speculators.

After all, the primary purpose of a currency—digital or otherwise—is to be used as a medium of exchange for goods and services. But in this regard, Bitcoin may be falling victim to its own success. According to a recent note by Morgan Stanley payments analyst James Faucette, Bitcoin’s recent price surge is pricing out too many retailers from adopting the currency as a form of payment.

As reported by Bloomberg: "Bitcoin owners are reluctant to use the cryptocurrency given its rate of appreciation, more evidence that bitcoin is more asset than currency," Faucette said. "Way easier to trade speculatively than convince new merchants to accept the cryptocurrency."

That’s exactly the problem PRO Currency, a new digital currency launched in April, is looking to address, and why it has the potential to emerge from a crowded crypto field as a mainstream alternative to traditional payment methods.
Must Watch Videos, to fully Undestand the Concept of our Vision.
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https://www.equities.com/news/pro-the-new-digital-currency-solves-the-biggest-problem-bitcoin-

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