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Bitcoin and other cryptocurrencies are the logical "next step" for money and are close to becoming a mainstream form of payment, according to a new study.

Researchers from Imperial College London and the trading platform eToro assessed the fundamental roles of traditional currency and measured how close cryptocurrency had come to fulfilling these.

They list the three main criteria as being able to act as a store of value, a medium of exchange and a unit of account. Bitcoin and other major cryptocurrencies are already serving one of those roles, as millions of people are using them as a store of value.


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