Cryptocurrency to fund the future
Over the past few years, society has been experiencing a state of transition to a more digital way of life. As a result, individuals are having to reassess the way they go about certain things in their lives. Sometimes menial everyday things, like food shopping or banking that have been simplified by the introduction of new tech and digital platforms.
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New phenomena are beginning to impose themselves on society, none more so than cryptocurrency. The digital currency has been around for over a decade and a half, but it is only now starting to exert a greater influence in society. More industries, and governments, are beginning to recognise and accept cryptocurrency, and implement it more in day-to-day operations. This is already being seen in the retail and e-commerce industries, real estate, and online gaming, which is an industry that is currently booming. With payment methods transitioning away from physical cash, the financial future is expected to be a digital one, of which cryptocurrency could be right at the heart of it.
The perfect partnership with online gaming
While many other industries are already using cryptocurrency or at least exploring ways to introduce it into their workings, there are some industries that have made a head start and are already working closely with cryptocurrency. Esports is an example of an industry that has taken full advantage of the digital evolution and the rise of cryptocurrency.
Like currencies such as Bitcoin, Ethereum, and Dogecoin, Esports also has the potential to be an even bigger player in the entertainment industry in the future and that is not lost on crypto firms such as FTX and Coinbase who have entered into sponsorship partnerships with major Esports teams and events.
Cryptocurrency to target other rising industries
The continued rise of cryptocurrency could also see the digital currency start to influence other rising industries directly. On the theme of online gaming, the online casino industry’s stock has risen significantly in recent years. Playing at a Bitcoin casino is not uncommon nowadays, with many online casino platforms accepting cryptocurrency as a registered payment method. It is these activities and industries with heavy online presences that cryptocurrency fits best with and a burgeoning industry such as online casino is an ideal partnership where both can flourish together at an even quicker rate.
Mentality shift in society
The rise of cryptocurrency is not catching people by surprise but the awareness on a worldwide scale is certainly growing. If the world continues down the digital path it is currently on, faster, more secure, less centralised digital currencies might be the near future even. Society might need to adapt to these changes quickly and companies, governments, academics, and students even, might have to change their thinking towards cryptocurrency and start learning and implementing it more to get ahead of the curve.