The Future of Money – Why people will start using cryptocurrencies as a main payment method

Finance / June 6, 2018

When you are at home and you don’t own a car or do not feel like walking or getting out of the house in general, but you do have an eye on that fantastic wallet you saw in the store and are afraid that someone might buy it, what do you do? Well, you just log on to the store’s online shop and make the purchase. It’s as easy as that; you did not have to walk, drive, or leave your apartment at all. All you needed at this time was some money in your account and a credit/debit card, and voila, you have managed to make your purchase.
Does this scenario sound familiar? Or can you relate to the next one better? You saw a beautiful pair of shoes, but the retailer is located in another city. But lucky you, they do have an online store and offer nationwide delivery. Hence, you make the purchase online and within a few days, you will be able to flaunt those new shoes in your office and in front of your friends.
These two situations above are pretty self-explanatory when we talk about the importance of cryptocurrency, especially since the technology these days allows us to have that feasibility. It sums up the entire thought process of why one should be updated with it.
“Convenience” and “reliability” are the two keywords that are enough to attract the attention of any person in this world, especially when it comes to the matters of money. When you combine those two with the technological advances of today, you will realize that what you have in your hands is the freedom of making purchases no matter where you are and what you are doing; this includes you flying in an airplane (as long as you have an internet connection).

What is cryptocurrency?

One question that may pop up in your mind is, what exactly is cryptocurrency? Putting it simply, eliminate paper money, add the internet, your bank account and your debit/credit card, and you will have the formula for the cryptocurrency. It is the online currency exchange for goods or services. One good example of digital money and how it is used is Bitcoin.
At one point, Bitcoin seemed like the future, but now, it is the past. Imagine what more the future has to offer. cryptocurrency is the way for the future, and many banks are paving the way for it and ensuring that they continue their legacy online as well.

The future and cryptocurrency

Looking into the future, which seems bright by the way, it appears that making payments will become a whole lot easier and be able to handle cryptocurrency will become simpler and safer. With new and improved hackers popping up everywhere in the world, many companies now have the ability to hire people who check the payment gateways and vertical terminals from every direction to make sure that they are safe and secure.
It only seems that lives will continue to be busy and time will still fall short to get enough done in one day. Having more options regarding cryptocurrency will allow people to make payments quickly, while stuff like shopping for random things can easily be avoided by making digital payments as you continue to do more important work.


ICOStream Team

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1 Comment

on June 17, 2018

People will surely will use cryptocurrency as a method of payment. Cryptocurrencies are convenient way to exchange value, not only in trade, but also in complicated and expensive services.
However, let’s give crypto some time. Let’s get them to server as addition to global payment system and work up their share in the payment pie. How do you think?

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