The adoption of any new technology faces challenges and bottlenecks that can hinder its widespread use. This is especially true for cryptocurrencies like XRP which aim to revolutionize the global financial system. Identifying and overcoming key bottlenecks is crucial for enabling the mass adoption of XRP across the world.
Lack of Regulatory Clarity
One major bottleneck for XRP is the lack of clear regulations governing cryptocurrencies around the world. Many governments are still undecided on how to regulate and classify digital assets like XRP. This creates uncertainty for businesses and consumers looking to use and invest in cryptocurrencies. To enable mass adoption, there needs to be greater regulatory clarity so that XRP can operate within a compliant legal framework globally. Proactive engagement with regulators can help accelerate the development of