Could Monero Replace Bitcoin in the Cybercrime World?


Monero Used for Ransom Payments

Justin Ehrenhofer, a member of the Monero development community, claims that the criminal use of cryptocurrency is expected to increase significantly in the future, says News Week

The Colonial Pipeline incident back in May has led some analysts to speculate about alternative forms of cryptocurrency tokens that could be more difficult to trace in the future. “The more savvy criminals are using Monero,”  says Rick Holland, a chief information security officer at Digital Shadows cyberthreat intelligence organization, told CNBC on Sunday.

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