What is the future of crypto?

There is no denying to the fact that the cryptocurrecny has revolutionized the trading and payment transactions. There are various cryptocurrency future predictions and there is huge curiosity about it in the minds of people.

We can not understand the future of cryptocurrency until or unless we have some knowledge about it’s origin and history. After reading the history and trends of the demand of cryptocurrency, one can easily estimate about it’s future. And he can get satisfactory answer to the questions like is cryptocurrency really the future?

New evolving currencies:

If we look far back into the history, there was no concept of the currencies in the beginning and people used to rely on the barter system. And they used to exchange the things they have in abundance with the things which they needed from other people.

With the passage of time the concept of currencies in evolved in the form of coins of gold and silver. Further evolution led the way to the present currencies of coins, currency notes and debit cards. Also do you want to know what is Decentralized eCommerce?

In this modern era, the newly emerging digital currencies like cryptocurrency are not less than a revolution in the field of payment transactions and businesses. Today, there are thousands of cryptocurrencies that you can use for payment transactions.

Decentralized mechanism:

The block chain technology has made the payment transactions via cryptocurrencies an unparalleled way of payment transfers. The reason behind which is the decentralized mechanism of payment transfer modes.

Here decentralization means that in the transactions of cryptocurrencies, there is no single person or firm controlling the transaction. Instead it is the users who have the collective control over it. In other words, the power is distributed among the participants instead of being in the hands of a specific group or firm.

Furthermore, another plus point is that there is no intervention of third parties like banks, government and other similar institutions. Hence, we can say that block chain is the base for existence of cryptocurrencies.

Transactions via cryptocurrency:

Day by day increasing usage and demand of cryptocurrencies has made it mandatory to accept these digital currencies as a mode of payment. The reason behind which is that credit cards payments are also widely accepted across the world, even though they are not legally accepted as legal tender. Then why cryptocurrencies can not be used as a mode of payment.

Furthermore, the acceptance of cryptocurrency as a payment method can also be justified just because some of the US-based firms have readily started accepting the cryptpcurrencies as a payment mehtod.    

So, we can say that accpetance of cryptocurrencies as payment mode is  more likely to be accepted all across the world in future.

Volatility:

Volatility of the cryptocurrencies can be considered as a drawback. First thing that causes volatility is the fluctuation in the market of cryptocurrencies. And secondly, some of the decisions of institutions like Securities and exchange commission (SEC) and Financial conduct authority (FCA) also affect the behavior of traders towards the cryptocurrency.

What to expect in the future:

Researches and surveys have clearly revealed that all the major companies and firms are willingly accepting the block chain technology and they are trying to shift their transactions to this technology.

It means that one can expect the cryptocurrcnies to become the part of mainstream payment and transactions means in the near future.

Conclusion:

In the light of above discussion, you can easily understand that owing to the fast growing technology, the shifting of business and payment transaction modes to crytpocurrency will go on increasing. It will definitely result in the growth of cryptocurrencies at an exponential rate. Also you can Control Your Funds On An eCommerce Platform.

If you have questions in your mind like is cryptocurrency the future of money, the answer is yes, future of crypto in the next 5 years will most probably be as a major and mainstream mode of payments.

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Christophe Rude
Christophe Rude
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