In the not so distant future, skepticism over cryptocurrencies will fade and many financial institutions and central banks will accept and embrace them as a mainstay payment alternative.a) Briefly...

In the not so distant future, skepticism over cryptocurrencies will fade and many financial institutions and central banks will accept and embrace them as a mainstay payment alternative.a) Briefly explain a cryotocurrency citing their two main current applications in business. (8 Marks)b) Discuss why cryptocurrencies are believed to be a potential disruptive innovation to money remittance firms such as Mobile money firms. (8 Marks)c) Explain core bank services that are at risk of disruption by cryptocurrencies and the implications of this pending disruption on the bank. (9 Marks)