Adam Smith Institute fellow, Preston Byrne, was quoted in a City AM article on the opportunities created by the development of alternative currencies like Dogecoin.
Read the article here.
"Preston Byrne, a fellow of the Adam Smith Institute and a commercial lawyer specialising in securitisation and cryptocurrency in the City of London, says that such alternative currencies do offer great opportunities for corporates - which could easily repurpose their Twitter presences to accept payments in cryptocurrencies.
One study, "A Fistful of Bitcoins: Characterizing Payments Among Men with No Names", suggests that 64 to 75 per cent of the dominant cryptocurrency, Bitcoin, has never been spent. So Byrne sees room for competitors in the crypto-arena - "in my view, the battle for supremacy in this market segment is far from over."