This analysis compares cryptocurrencies and mobile money, revealing weak social acceptability and implications for future use.
Key Points
Cryptocurrencies struggle as social money due to high costs and poor acceptance, particularly in Africa.
Key evidence shows that for Bitcoin and Ether, limitations as units of account hinder their monetary presence.
The study utilizes comparative analysis of mobile money and cryptocurrencies to assess their acceptance and usability.
Implications suggest that without state intervention, cryptocurrencies may not achieve widespread acceptance; unique characteristics influence this persistence.