Cryptocurrencies are mostly used for speculating (trading) on price movements. While the intended use was originally for online payments, uptake has been slow and few retailers accept them. There are many reasons why this is the case, including strict regulations, accessibility of the coins, infrastructure, and stability – cryptocurrencies are very volatile. This could change in future, especially if ‘stablecoins’ prove to be successful. A stablecoin is a crypto that is pegged to an asset (for example, USD), making it less volatile.
Read more about stablecoins