In the past few years, bitcoin has been one of the most controversial yet popular buzzwords. From all-time highs to jaw dropping lows in a matter of months, this form of digital currency has remained a prominent topic of discussion of mainstream and underground news channels across the globe.

Although bitcoin remains a relatively new endeavour, the future potential of this blockchain technology is something everyone should keep an eye on. No matter what sector you find yourself in, or what country you are from, learning the latest news regarding bitcoin is of the essence. In this blog, we will explore five ways that BTC is set to revolutionise the future.

Faster Transactions

One of the ways in which bitcoin impacts the way we view money is by facilitating lightning-fast transfers. Since cryptocurrency does not involve a third-party intermediary, the speed at which transfers can be made is significantly faster than traditional avenues such as banking. This is especially useful for large transactions that can take up to weeks to complete via private banks.

Play to Earn

Crypto was created in a modern age and it has incredibly modern features. Gaming developers have teamed up with cryptocurrency experts to create play-to-earn games. The concept is that you can earn tokens and crypto coins while enjoying a game.

Anyone Can Join 

Not everyone has access to private banking, especially if they do not reside in a modern metropolitan city. If the nearest bank is 15 hours away and you don’t have a phone or car, how are you expected to conduct business? With bitcoin, anyone can join, and you don’t need a debit card or ID to join. You can simply buy or sell gift card and get started asap.

Alternative to Unstable Currencies

Some countries don’t have the luxury of a stable currency, for example, the Iranian rial, the Venezuelan bolivar, and the Zimbabwean dollar (to name a few). This means, people have to take out hundreds and thousands, or even millions, in their local currency simply to purchase a loaf of bread. Crypto provides a viable alternative. 

Lack of Government Intervention

Last but not least, cryptocurrency cannot be regulated by the government. Although they can enact policies that affect its use, they cannot supervise, tax, or influence the currency directly. Its lack of regulation makes it extremely appealing as a form of currency.

All in all, investing in bitcoin can be a risky business. The highs are high, but the lows are low. However, the impact that this new form of currency holds over modern society is undeniable. It brings power away from centralised banks or governments, and instead transfers it to the hands of the people.

There’s no reason why bitcoin can’t become the standard currency for populations across the world. In fact, in some countries, it’s already starting to catch on. We hope this blog has shed light upon the immense level of opportunities bitcoin provides and inspired you to form part of the crypto revolution.