Bitcoin after being released in 2019 has taken over the cryptocurrency industry and is used nearly by every large business. Denoted by btc, it is a decentralized currency that is not backed by any government and can be traded without taking help from a middle-man. Bitcoin has build up its own identity and its name value is so big that many people still think that it is the only cryptocurrency in the world.
The Latest trends in Bitcoin
Two years back, Bitcoin itself was a trend but now it is as big as paper currency or at least e-currency. The latest trends that might rule the news in upcoming years are:
- Bitcoin ATMs:
In 2019 several ATMs were set up in the States that support exchange of Bitcoin. These are meant for the sole purpose of dispensing bitcoin. Those interested, can set up an account with a bitcoin payment service provider and can purchase up to 3000 buck worth of bitcoin.
- Banks issuing bitcoin:
This may come as a surprise because most of the opposition regarding cryptocurrency comes from banks but there are several banks that have started trading cryptocurrency in areas struggling with financial crisis and mismanagement.
- Bitcoin- centred tourism:
A lot of companies and localities have started requesting travelers and tourists to use bitcoin as a payment method. With the cryptocurrency, they do not have to face the issue of currency exchange and the problems surrounding exchange rate.
Bitcoin has made a big name in the media and the mystery and curiosirty surrounding it will ensure that it use and value keeps on increasing.