Omprakash Banerjee, Omprakash Banerjee you,should,know,cryptocurrency,future,payment
What you Should Know about Cryptocurrency - The Future Payment in General
A cryptocurrency is a virtual currency or asset that is used in the digital world for payments. According to the March 2016 list of CoinMarketCap, 646 cryptocurrencies around the world are active and they are doing business under different brand names such as dash, ripple, ether, bitcoin, and BTCtalkcoin with a total market capitalisation of US$8,037,837,453. This, in other words, construes that there has been a growing popularity of cryptocurrencies around the world. Hence, it will not be inappropriate to presume that cryptocurrency is the future of all payments in the digital world.
Digitisation is going gung ho around the world. This has actually accelerated the growth of this virtual currency and it is now the priority in every field of business. You will be pleasantly surprised to know that there are many business establishments in the world that don't have a single bricks and mortar outlet but close billions of dollar revenue per year. This further illustrates the scope of the cryptocurrencies in the years to come.
Head and tell are just the two sides of a coin. Similarly, there are loopholes of cryptocurrencies too that can potentially pose a threat to your business. The best-known cryptocurrency Bitcoin is increasingly being linked to the security breach and thus, provoking criminal activities.
The possibilities with cryptocurrencies are endless. As we move forward, there will be more and more business and services that will come under the purview of the cryptocurrencies.