Login to your account

Username *
Password *
Remember Me

Create an account

Fields marked with an asterisk (*) are required.
Name *
Username *
Password *
Verify password *
Email *
Verify email *
Captcha *
Reload Captcha

Crypto Prices

How Cryptocurrencies will change global markets

Written by  Jan 14, 2020

Even if the cryptocurrency market is unpredictable, constantly changing and developing, many people consider it a big opportunity which will change the global financial market in the near future.

The International Monetary Fund director Christine Lagarde said that “Citizens may one day prefer virtual currencies, since they potentially offer the same cost and convenience as cash — no settlement risks, no clearing delays, no central registration, no intermediary to check accounts and identities”.

At the end of June 2019, Statista announced that the number of Blockchain wallets has grown reaching over 40 million users.

It’s important to know that Blockchain is not just limited to cryptocurrencies. This technology has applications that are also used in non-financial industries as healthcare or energy. As the number of Blockchain applications grows, so will the number of Blockchain wallet users. See our article What is Blockchain? for more details.

According to a PwC study, fundraising activities in the crypto-asset industry has grown considerably in Europe with 41% of global fundraising deals in Q2 2019 compared to 34% in the last year. Like Europe, cryptocurrencies fundraised in the Asian market have jumped to 26% in Q2 2019. On the other hand, America captured only 28% of all deals in the same period while in 2018 the region accounted for 51% of global deals.

Advertisement

Also, according to age segment, a study made this year by eToro among 1,000 U.S. online investors shows that nearly half of millennials would prefer to invest in crypto assets if a recession occurs while people from Gen Z and Gen X would invest in property or commodities.

Since 2009, with the creation of Bitcoin, the cryptocurrency market has begun to expand and become more and more accepted by different niches in the society. Several big companies, even small ones, have started to accept Bitcoin and other cryptocurrencies as a payment method. Wikipedia accepts donations in Bitcoin, Microsoft allows the use of Bitcoin to top up the Microsoft account. Amazon accepts Bitcoin indirectly, using the Purse.io and the list goes on and will continue to grow.

Experts argue that when important institutions and industries in sectors such as retail, finance and business will accept payment in cryptocurrencies, when government entities will adopt and support this payment method, considering that technology and user experience is getting better day by day, it will be easier for the community to adopt cryptocurrencies.

If you are new to the Cryptocurrency world and would like to open an account we recommend Cex.io.

Do you find this article useful? Comment below or follow us on Facebook or Twitter.

Peter Flynn

Senior Editor and self confessed Crypto addict, bringing a variety of Crypto tech news, help and advice in the UK. I have worked in various fields throughout my career such as a Systems Administrator, Cyber Security Consultant and other technical related roles, these days I concentrate on Cryptocurrency journalism and technical writing.

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Follow Us

Advertisement

Popular in News

May 08, 2020

Crypto Wallet options

A cryptocurrency wallet is actually a program that stores private and public keys and it links to the blockchain in orde...

May 22, 2020

Can I create my own cryptocurrency? Yes

If you want to create your own cryptocurrency but you don’t have much experience in coding, you might be wondering if ...

May 15, 2020

Bitcoin and Ethereum recent transaction fee increases

Bitcoin and Ethereum (ETH) fees are going up.

Apr 29, 2020

Brits are the most sceptical about Cryptos future in Europe

Confidence that cryptocurrencies will still exist in 2030 is slightly increasing in Europe but not in the UK. ...

Apr 06, 2020

Reasons why Crypto Traders fail

Anyone who is about to start crypto trading will usually be a little apprehensive, or they are full of enthusiasm; nothi...

Apr 24, 2020

Cryptocurrency Myths: Investing is safer than you might think

In the beginning cryptocurrency had a bad reputation because of links to black market trading, nowadays purchases are fa...

Jun 25, 2020

Kraken announced $150k grant to BTCPay Server

The Bitcoin community has another significant grant to support open-source development.

May 19, 2020

Are VPNs for Crypto transactions necessary?

Virtual currencies are no longer a fad. They are used all over the world and traded on Forex. Aside from the profit-maki...

May 18, 2020

Cryptocurrency hardware wallets are not full-proof

"The fact is that there’s no way to prevent a highly sophisticated attacker with physical possession of the device, an...

Apr 15, 2020

How can you spend Cryptocurrency?

I know that most of you have already heard about crypto but there are still some people who have some blind spots about ...

Mar 31, 2020

Online privacy is a thing of the past say Brits: Protect your Crypto

The following stats make you aware that keeping your crypto account details safe is more important than ever. ...

May 07, 2020

Fake crypto-wallet extensions are in Chrome Web Store again, stealing credentials

Three weeks after Google removed 49 Chrome extensions from its browser's software store for stealing crypto-wallet crede...