Cryptocurrency
May 13, 2020
Cryptocurrencies are gaining popularity in e-commerce.

The next-generation of finance is currently developing, now the circulation of the cryptocurrency through services like BitPay has grown by as much as 65%. The most frequently used first currency is Bitcoin, which accounts for 85% of all transfers made. This information was acquired through extensive analytical work conducted by Chainanysis. 

Experts observe that, due to the rapid growth of coins, the percentage of transactions has slightly decreased, as people prefer to save gradually rather than to sell and buy coins quickly. However, in 2020 the development of the crypto-economy still experienced positive trends. Crypto industry users have taken a wider glimpse at the range of available currencies and are more likely to choose assets such as Tether, Litecoin, and Bitcoin Cash. These currencies are accepted for a variety of purposes, ranging from gambling, and ending with online shopping. This way, we can come to the conclusion that the trust in these currencies is slowly increasing.

The acceptance of cryptocurrency is not only in the minds of direct internet users but among serious companies as well. Large service companies, including Starbucks, are constantly adopting new payment solutions. However, due to technical imperfections of Bitcoin, frequently, the choice is placed on third-party interests. Since the first coin has some cons in its performance, including long confirmation periods for transactions, the share of transactions using altcoins is gradually increasing. And for many inexperienced older folks, it is quite difficult to work with high-tech currency. But everything can be improved, and simplistic digital assets, such as Tether, will attract more interest from the crypto-industry. Keep up with the news with us, so you don't miss out on the latest trends. We only publish interesting and high-quality content. See you soon!

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BTC≊ EUR
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XRP≊ EUR
€0.95
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ETH≊ EUR
€3,496.29
-0.41%
ETH Gas
Fast (<1m): 167 Gwei
+18.44%
Fast (<1m): 128 Gwei
-0.78%
Standard (<2m): 97 Gwei
-9.35%
Safe low (<13m): 89 Gwei
-4.3%
BTC≊ EUR
€53,980
-5.62%
XRP≊ EUR
€0.95
-3.49%