{"id":1122,"date":"2019-02-15T10:31:59","date_gmt":"2019-02-15T07:31:59","guid":{"rendered":"http:\/\/kusuaks7\/?p=727"},"modified":"2021-12-17T05:13:24","modified_gmt":"2021-12-17T05:13:24","slug":"why-bitcoin-and-ethereum-will-soon-be-everywhere-for-reals","status":"publish","type":"post","link":"https:\/\/www.experfy.com\/blog\/fintech\/why-bitcoin-and-ethereum-will-soon-be-everywhere-for-reals\/","title":{"rendered":"Why Bitcoin and Ethereum will soon be everywhere (for reals)"},"content":{"rendered":"

Ready to learn Marketing analytics?\u00a0Browse courses<\/a>\u00a0like\u00a0Blockchain for Finance Professionals<\/a> developed by industry thought leaders and Experfy in Harvard Innovation Lab<\/em><\/strong><\/p>\n

 <\/p>\n

Bitcoin<\/a>, Ethereum\u00a0and blockchain technologies are all the rage. Initial coin offerings (ICOs) are raking in millions in mere minutes, and every day a new initiative is announced with ever-increasing hype.<\/p>\n

With all of this going on, you\u2019d expect cryptocurrencies to be mainstream fare, right?<\/p>\n

Unfortunately, they\u2019re not quite there \u2014 yet.<\/p>\n

As of now, your grandma probably isn\u2019t wagering Ethereum with her bridge buddies. Heck, even buying pizza with cryptocurrency sounds like science fiction. The fact of the matter is that for people outside of the hardcore crypto-enthusiast community, the whole idea is still mysterious.<\/p>\n

This article will help you get a better grasp of the future of cryptocurrency. After you finish it, you\u2019ll clearly see how these technologies are poised to join the mainstream.<\/p>\n

So, when will this dizzying race come to an end? Is there real value in the blockchain craze? Can it possibly live up to the expectations created by so many rivers of newsprint?<\/p>\n

Below, you\u2019ll find answers to all of these questions and more.<\/p>\n

The true potential of blockchain technology<\/h2>\n

><\/p>\n

As it turns out,\u00a0\u00a0distributed blockchain ledgers\u00a0do have a future.<\/p>\n

Not only can they reduce skyrocketing IT costs, but the promise of faster, less-expensive financial transactions has the potential to accelerate growth in a host of industries.<\/p>\n

With this great potential comes some bad news, though \u2026 you won\u2019t see these possibilities become a reality until the technology becomes useful in the real world.<\/p>\n

\"experfy-blog\"<\/p>\n

What will this look like exactly? Well, when you can pay for a ride to a cafe and buy a coffee in crypto \u2014 without needing a master\u2019s degree, mind you \u2014 its use will be pretty standard.<\/p>\n

When crypto goes mainstream transactions won\u2019t be measured in millions of dollars, but trillions.<\/p>\n

The explosion of the global sharing economy illustrates how cryptocurrency can go mainstream.<\/p>\n

Several companies are already changing the way things are done in this sector. They\u2019re taking products and services that are already in existence and turning them into economic opportunities for millions of people.<\/p>\n

In their industry,\u00a0Uber and Lyft<\/a>\u00a0have transformed the way the world thinks about traveling by car. They\u2019ve also empowered people who couldn\u2019t otherwise find work to generate income.<\/p>\n

With these businesses, it\u2019s easy for drivers to get started, and they can work on their terms. Due to these reasons and more, Uber\u00a0and Lyft\u00a0have taken off like wildfire.<\/p>\n

\"experfy-blog\"<\/p>\n

Airbnb\u00a0also challenges the status quo to provide worldwide accommodations for its users. Not only has it reinvented the way people think about traveling, but it\u2019s been\u00a0an absolute game-changer<\/a>\u00a0when it comes to bringing more money into various communities.<\/p>\n

Currently, initiatives like\u00a0Open Money<\/a>\u00a0are laying the foundational groundwork so that software developers can make the vision of universal cryptocurrency acceptance possible. Their platform provides the technological infrastructure that will integrate cryptocurrency transactions into practical, everyday applications.<\/p>\n

At the end of the day, companies like Uber and Lyft don\u2019t just change the way we think about the world \u2014 they change the world. When it comes to cryptocurrency, companies like Open Money will significantly expand the acceptance of cryptocurrencies by facilitating their incorporation into the software people are already using.<\/p>\n

Can cryptocurrency acceptance in consumer apps open the floodgates?<\/h2>\n

><\/p>\n

Now all of this sounds pretty amazing, but what is needed to bring this vision to reality?<\/p>\n

Companies will need to develop strategies that are based on proven market principles to succeed. Namely, they\u2019ll need to empower app developers from all over the world to quickly and easily integrate cryptocurrencies into their applications.<\/p>\n

The booming consumer applications market is the ideal starting point for bringing cryptocurrencies into the mainstream. According to\u00a0a recent research study\u00a0by We Are Social, more than half of the world\u2019s population now connects to the internet with a smartphone, generating over 50 percent of all internet traffic.<\/p>\n

Overall, 3.5 billion people around the globe consistently use mass-market consumer software.<\/p>\n

\"experfy-blog\"<\/p>\n

The real motor of consumer software lies in the hands of software developers. All around the globe, these individuals are innovating solutions that engage their users in powerful ways.<\/p>\n

Unfortunately, they don\u2019t currently have the tools they need to make this possible.<\/p>\n

Though others are likely to follow in its footsteps, Open Money is the first initiative to provide a state-of-the-art REST API, SDKs and industry best practices designed to facilitate blockchain integration.<\/p>\n

Built by developers and for developers, with this solution, it won\u2019t be necessary to start from scratch. Instead, they can leverage an established infrastructure to transition their currently successful apps into the cryptocurrency market,\u00a0\u00a0finally enabling you to pay for your pizza in cryptocurrency.<\/p>\n

\u201cWe want to be the catalyst that takes blockchain technology and puts it in the hands of billions of people around the world. By empowering developers of all sizes to harness the true potential of this amazing technology, we will be contributing to a world that is more efficient, equitable and productive. That\u2019s what the Open initiative is all about,\u201d explained Ken Sangha, COO of Open Money.<\/p>\n

The opportunity<\/h2>\n

><\/p>\n

Cryptocurrency is on the brink of change. Soon, app developers from around the globe will empower everyone \u2014 including grandparents\u2014 to use cryptocurrency with ease. (Nostalgia: $12 checks written by older folks will soon be a thing of the past, so get your cryptowallet ready.) If they succeed, they\u2019ll create a new market that\u2019ll change the economic system forever.<\/p>\n

Originallu posted at TNW<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This article will help you get a better grasp of the future of cryptocurrency. After you finish it, you’ll clearly see how these technologies are poised to join the mainstream. So, when will this dizzying race come to an end? Is there real value in the blockchain craze? Can it possibly live up to the expectations created by so many rivers of newsprint?<\/p>\n","protected":false},"author":63,"featured_media":4160,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[192],"tags":[98],"ppma_author":[2490],"class_list":["post-1122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-blockchain"],"authors":[{"term_id":2490,"user_id":63,"is_guest":0,"slug":"nathan-resnick","display_name":"Nathan Resnick","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","user_url":"","last_name":"Resnick","first_name":"Nathan","job_title":"","description":"Nathan Resnick is the CEO of Sourcify<\/a>, a platform that makes sourcing easy. In the past, he has brought dozens of products to market, ran three e-commerce companies (sold one), and been a part of projects on Kickstarter raising over seven figures. He writes for media outlets like Entrepreneur, The Next Web, Business.com, and more. He also used to live in China and speaks Mandarin, and he is very excited by the cryptocurrency world and often writes about the latest trends."}],"_links":{"self":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/1122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/users\/63"}],"replies":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/comments?post=1122"}],"version-history":[{"count":3,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/1122\/revisions"}],"predecessor-version":[{"id":28402,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/1122\/revisions\/28402"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/media\/4160"}],"wp:attachment":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/media?parent=1122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/categories?post=1122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/tags?post=1122"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/ppma_author?post=1122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}