Cryptocurrency Comes Of Age As Digital Money Interests Businesses, eCommerce, and Governments

It seems like a long time since 2009. This was the year we first witnessed the official release of Bitcoin, the original cryptocurrency. In finance and technology arenas, of course, this was a concept, the so-called digital payment currency that had, at least in theory, been in development for many years, but even on its release, it was niche. Though it was the early frontrunner, Bitcoin remains one of the more valuable of the cryptocurrencies, but the competitive landscape for this payment form has changed dramatically since 2009, as you would expect.

But how far have we come in terms of the adoption, usage, acceptance, and overall positioning of cryptocurrencies in the digital and financial ecosystem? It’s an interesting question, and one that can be answered in various ways, of course.

Though there are many, many cryptocurrencies now in existence and usage, it is not merely the number of cryptocurrencies on the market that matters. Perhaps a more accurate or worthwhile barometer of how these digital currencies have come of age is all about usage and acceptance.

It is interesting to examine where and in what industries they can now be used, of course. From the first cryptocurrency real estate transaction and purchase to trading on stock markets, and from playing slot games online to buying goods and services around the world, cryptocurrencies have become more widely used and accepted.

This is something that many thought would never happen, although we have to admit that some savvy insiders did predict it. And what a change we have seen. Let’s take casinos just as a single example of this – once, you’d have needed your debit or credit card to play slots online.

Now, we have an abundance of crypto slots casino platforms, with a whole myriad of enticing and exciting slots games on offer. Indeed, some casinos actually prefer you to play with crypto and offer better bonuses to those who sign up using a digital coin. That marks a pretty big step in our opinion!

From Trading To Trending, Owning To Spending, Digital Currencies are Here To Stay

When the idea of a digital currency first arose, it was seen by some as, perhaps, a fad. Then again, the same can also be said of everything from contactless payments to online cashless predominance in the world of finance, but those things are now commonplace and mainstream, as we all know.

At first, Bitcoin itself was a trading commodity for the tech-savvy and, perhaps, the geeky few. If you trace the overall value of Bitcoin, however, that is an immediate sign that it is now both valuable, and has been adopted far and wide, and by far more than just the lucky or initiated few as it once was.

For the sake of clarity and honesty, it is fair to say that Bitcoin and cryptocurrencies in general have gone through tumultuous vicissitudes, with up and down values. To balance that, of course, we can now also attest that cryptocurrencies are well and truly back in the game and more used than ever before. Admittedly, there was not much early adoption, as the concept of a digital currency designed to be used solely on computer networks and not tied to any central bank was, to many, just not attractive.

As advanced blockchain technology continues to strengthen security and application possibilities, thus creating a more rigorously secure landscape, cryptocurrencies have largely emerged from those struggles to become more accepted and recognized. Thanks to this tech, information about cryptocurrency trades can be collected and stored with high levels of security.  Whether a cryptocurrency user is buying, selling, or exchanging digital assets, it will be powered by blockchain and, in turn, come with the security that this affords.

Increased Usage Showcases A Prosperous Crypto Growth Curve

When we look at the statistics, it is also easy to identify the fact that cryptocurrencies are being used more than ever. Just take a look at how many eCommerce sites, online businesses, online casinos and gaming platforms, and even some real estate companies now accept it: that tells you a story all of its own. As digital developments drive this financial sector forward, things are on the up for this once niche digital payment sector.

Just to affirm and confirm the meteoric rise of these nascent cryptocurrencies of late, let’s take a quick look at the number of users in the cryptocurrency market. With present forecasts as they are, this number is expected to reach 861 million or so by 2025.

The “user penetration rate” is also estimated to rise, up to around 11% by 2025. With worldwide cryptocurrency forecasts this positive, this greater usage looks set to continue, especially as governments look to the idea of creating their own central bank versions of digital currencies. When governments start to show interest, that is a surefire sign that the digital currency format is here to stay, and I think you can probably take that prediction to the bank, if you will pardon the pun.