Bitcoin enters its twelfth year in 2020 and the past eleven years have been offering a meaningful amount of time to identify the key trends which have emerged around cryptocurrencies and blockchain technology. As we can see from the latest cryptocurrencies news, the market situation is stable and many coins are in a good position, recording gains from 30% to 60% this year alone. The main industries which will benefit from this cryptocurrency growth and rapid acceleration are now more different than ever before.
The tightly regulated world of banking could open up to the concept of cryptocurrencies even more soon. In 2019, we saw a lot of progress in this industry. One example came from Switzerland, where the banking regulators made headlines with their desire to become the home of Initial Coin Offerings (ICOs) and introduced initiatives to encourage the big banks to start trading and storing Bitcoins.
From NBA teams to sports icons and casinos, a lot of entities are accepting Bitcoin or becoming advocates of it as a form of both wager and prize for years. Now, betting on international lotteries can be done with e-currencies. The digital nature of the modern gambling industry also means that casinos are one of the main industries where BTC can see its full advantage.
Believe it or not, the crypto revolution also entered the travelling industry with the main advantage of having a truly borderless form of currency for both businesses and consumers. The blockchain news showed many examples of big travel brands accepting the technology – and the same could happen to Bitcoin soon.
Examples include Winding Tree and Noah Coin, both of which are projects that credited blockchain and crypto with allowing them to avoid charging customers commission fees, thereby keeping their services more affordable.
Last but not the least in the main industries accepting crypto is property management. A lot of people are already listing their properties exclusively in Bitcoin (BTC), Litecoin (LTC) or Ethereum (ETH) – especially in the tech-heavy regions such as the Bay Area, Greater London and Silicon Valley.
Even though crypto is still seen as the upper end option of the global property market, this may change soon as more consumers turn to e-wallets.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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