For almost ten years now cryptocurrencies are here. The person who owns 10 Bitcoins now has more than sixty-five thousand USD dollars. This online type of payment is faster, anonymous, decentralized – not in control by governments, banks, and for ten years not even by taxes. Times are not changing, they have changed. Rules for the payments, earnings, technology, economy, database, and everything else has changed. Entrepreneurs who are looking to stay in the game should focus their attention on this everpresent change that is shaping our world of tomorrow.
We are here to tell you 4 facts that you need to know so you can decide for yourself is this something worthy of your time.
Bitcoin is not the only cryptocurrency in play. There are a lot of others as Ethereum, Ripple, and Litecoin that are getting strong too. Thousand of new cryptocurrencies exist now on this anonymous financial market. You should always pay attention to new players in this game because you can never know when their values will go significantly up, as it happened to Bitcoin.
Where is the hassle?
These new currencies have sophisticated systems which allow for efficient and uncompromised exchanges. Blockchain technology is evolving so quickly that with it other businesses are significantly growing too. And a type of payments that this new technology has to offer is so convenient to the old systems, that most of the people are preferring paying in cryptocurrencies rather than in other currencies.
This popularity is here to stay
Bitcoin is now at more than six hundred USD dollars, it exists for almost ten years, and it has a really small, almost nonexistent chance it will go down. Etherum side by side also gathered so much support and its value is over 300 USD dollars. The growth is permanent and continues.
Banks are still one step behind
Banks are still rejecting this technology, and they need to step up. But some of them are partnering up with various cryptocurrencies and implementing blockchain technology. But this is not enough. If they want to stay in the money game, they need to go where the money is, not wait around for the future to fail. Because this future is here to stay. Money is taking a different form, and it has been like that for almost a decade. People are becoming rich because they are investing in the right cryptocurrencies at the right time. And the banks? They cant afford to be that one step behind, and they are for almost ten years.
Catch a train
A lot of time has passed since cryptocurrency and blockchain technology was introduced to the internet. But it is still caching its momentum, and this isn’t even at its peak. Businesses are just starting to implement this new technology, and there is still time to implement it in your world. There are a place and time for everything, and if cryptocurrency is something you can be interested in, dive right in.