Cryptocurrency seems like a technology of the future, but it is changing and will further revolutionize the way money is stored and exchanged and how people do business by reaching areas that were previously untapped. According to market research, the global blockchain market is expected to reach $60 billion by 2024. Tech giants like Microsoft and AT&T are accepting Bitcoin, and others are getting ready for the same.
Small businesses aren’t missing out on it either. There are an estimated 5,409 Bitcoin and crypto ATMs globally. So, change is coming and cryptocurrencies are on the right path to revolutionize the world.
Let’s take a look at this infographic below to explore a few domains where we are hopeful that cryptocurrencies can be utilized to make the world a better place.
While experts agree that blockchain is a relatively new concept, the possibilities for innovation are endless. Along with all the points listed above, there is a lot of room for cryptocurrency to revolutionize e-commerce, the entertainment industry, insurance, consulting and much more.