Three years ago cryptocurrency was virtually unknown by the masses. It may have been something you’d hear about on the wayside, but far from common knowledge. While its presence slowly grew the banks turned a blind eye and businesses from around the world would think of it as little more than a fad doomed to plunder.
As of 2018 they’ve all realized how wrong they all were. With leading coins like Bitcoin, Ethereum and Ripple, Cryptocurrency has cemented itself as a part of our future. That said the banks are feeling threatened and fintech companies are pouring in everyday to either eagerly or reluctantly embrace cryptocurrency.
Most recently, Jack Dorsey, the CEO of both Twitter and Square announced a plan of introducing Square into the world of Bitcoin. This follows the success he garnered back in November when they equipped the Square Cash app with Bitcoin trading abilities. The move saw them top over 7 million customers.
Amidst this news, LendEDU has recently made headlines as they released a survey that has shown high demands for an Amazon Coin amongst Amazon customers. It’s been reported that 58% of Amazon Prime users would be interested in using Amazon Coins. There has been no public announcement from Amazon yet, but the idea of this happening isn’t so out there. Keep in mind that Starbucks has just struck a partnership with iPayYou. This means that you can now pay purchase your favorite cappuccino with cryptocurrency.
These are just a handful of companies that have jumped on the Cryptocurrency craze. Corporations, fintech companies and even countries like Venezuela, Iran and Japan have realized that cryptocurrency is the paying method of the future. Those who don’t jump on as soon as possible will fall behind. The desire to cling to old fashioned methods will only see these companies take big bumps in the end.