Cryptocurrencies are not yet the financial instrument of choice for paying even the most routine purchases.
For example, to use a bitcoin wallet to buy a cup of coffee, we have to send BTC to the exchange for conversion, wait while the confirmations are processed, sell the bitcoins at a substantial loss, and then transfer the Fiat funds to our card. In some cases, the movement of our money would be the responsibility of an actual person acting as a courier. In the case of Ethereum, this is even more cumbersome.
There are many mushrooming exchange portals, but these carry a high risk. A couple of time-tested exchanges are poloniex.com and cex.io.
Estonia has adopted cryptocurrencies with open arms. The country has plans to open up a crypto bank by 2018 named Crypterium.
Figure 8.9 depicts the ICO sale for Crypterium. The crypto bank Crypterium, will be a basic DApp with the following exchange facilities:
