Morgan Stanley Says Crypto Could Become More Widely Used as Cu | 🛡CA Capital Announcements

Morgan Stanley Says Crypto Could Become More Widely Used as Currency

Few people use cryptocurrencies to pay for everyday goods because transaction fees are high and merchants don't accept crypto in payment, but that is changing, Morgan Stanley said in a research report Thursday.

Morgan Stanley says partnerships with physical stores are a more important milestone in the "Evolution of bitcoin usage as a medium of payment," as over 85% of sales in the U.S. occur in shops rather than online.

Crypto is already widely used as a currency in the digital asset world, the report said, adding that ether is predominantly needed to buy non-fungible-tokens.

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