Cyrptocurreny, The Future Of Currency And Payments
When will the ‘honeymoon’ period for the Cyrptocurreny Market? From the looks of it, maybe never! With its increased reach, it has improved its image in the eyes of people.From the widespread acceptance of cryptocurrency to new and different payment methods adopted by the local and well known organizations, only helped the cause more.
Although for years for people have considered the market to be a monopoly rules by Bitcoin, things are now soon changing. Ethereum, is one of the best examples. Built upon the blockchain technology, it is one of the new emerging companies that are literally fighting against Bitcoin, to be right up there. Ripple and Litecoin, would be just some of the few other companies competing in this ever growing competitive market.
Paving the way for a revolution in the way currencies and payments are going to work in the future and reports are certainly on their side. Huge potential indeed. The market value for Bitcoin alone is expected to be nearly $20 billion. Growth is expected in both value as volume, the market is still largely unregulated presented. However, steps are being undertaken to address this problem as well.
Another market that is set to take advantage of this huge potential of Cyrptocurreny marks is the, market for ATM’s. Both, cryptocurrency ATM’s as well as the regular ones, are no less than becoming a necessity in today’s world. Governments are also playing their role with respect to enhancing the popularity of the automated teller machines. How? The government in many countries are using electronic machines to reduce their costs, while disbursing numerous benefits. Furthermore, the beneficiaries are allowed to access their cards at ATM’s. Analysts have observed some kind of a trend in relation to this. Governments of developing countries in particular can take advantage of t his.
Does the growth of the Cyrptocurreny market, now still seem questionable?