Lack of widespread adoption: Cryptocurrency is still not widely accepted as a form of payment by merchants and service providers.
Volatility: The value of cryptocurrencies can be highly volatile, making it difficult to determine the true cost of a transaction.
Lack of regulatory oversight: Cryptocurrency is largely unregulated, which can lead to fraud and other illicit activities.
Slow transaction times: Some cryptocurrencies can take a long time to process transactions, which can be a major inconvenience for buyers and sellers.
Limited scalability: Cryptocurrencies are often limited in their ability to handle large volumes of transactions, which can cause delays and bottlenecks.
Complexity: Cryptocurrencies can be difficult to understand and use, particularly for those who are not tech-savvy.
Tax implications: Cryptocurrency transactions may have tax implications that are not well understood or easily navigated.