Cryptocurrency Market & Hesitance in Adoption of Cryptocurrency: A Review

Abstract

The integration of cryptocurrency transaction in online marketplace comes with its pros and cons. This integration brings security, traceability and transparency in the transactions. Besides, the major issue arising here is volatility in price of cryptocurrency,causing inconsistent transaction with reference to the nationally accepted currency.This review paper explores problems surrounding volatility of prices in blockchain based marketplace and adoption of cryptocurrency in online market-places and routine transactions. Because of the price fluctuations of cryptocurrency, the stability of transaction value became unpredictable,creating hesitation among buyers and sellers. The volatility impacts crypto acceptance when it comes to real world accepted currencies. Through the detailed review, we identified what are the possible solutions to combat volatility and enhance reliability of cryptocurrency transaction in real marketplaces, creating higher trust and acceptance rates for blockchain in varied fields. This work seeks measures for bridging the gaps between cryptocurrency's potential and stability in transactions for its acceptance in practical applications.