Friday, December 6, 2019

Some Bitcoin Trends that Could Dominate 2019

Avatar
Adedamola Bada
I'm Damola, a computer engineer from Obafemi Awolowo University. A crypto enthusiast, marketer, and writer who is seeking to achieve career excellence through hard work and positive contribution to the organization that aspires for excellence. Contact me on [email protected]

As is the practice at the beginning of every year, people begin to assess what the year has in store for various industries. The same can be said of Bitcoin and cryptocurrency in general. Several trends are already springing up regarding the digital asset which enthusiasts and investors cannot miss. Outlined below are four of them.

1. Bitcoin-Friendly ATMs Becoming More Popular

Going by the numerous reports available, 2019 will witness the presence of more Bitcoin ATMs across cities in the United States. Recently, Chicago received 30 new machines, totaling 100 Bitcoin ATMs in the city, with Philadelphia having a similar amount.

As the number of crypto dedicated ATMs grow, it is expected that crypto adoption will also be on the rise. People who have been skeptical of Bitcoin in the past could be encouraged by the ATMs to finally invest in the digital asset while old users will begin to use the cryptocurrency more extensively than before.

2. Central Banks Becoming More Involved With Cryptocurrencies

One of Bitcoin’s selling point is the ability to use it without owning bank accounts. But in 2019, a trend being noticed is the support which central banks are now showing to cryptocurrencies by way of supplementing them with their gold reserves.

The managing director of the International Monetary Fund (IMF), Christine Lagarde, in 2018 suggested that cryptocurrencies should be issued by central banks. 2019 may not be sufficient for this trend to achieve full adoption, but a better relationship between central banks and virtual currencies will be a good win for the year.

3. More Smartphones Now Store Bitcoin

Tech companies are not left behind in the Bitcoin race as the companies are now making plans to add integrated wallets into smartphones so that they can effectively store bitcoin. Towards the end of 2018, HTC announced a blockchain-friendly phone with a wallet named the Exodus 1. Only with cryptocurrencies could people purchase the phone.

Also, it was recently reported that the Samsung Galaxy S10 and 10+ series comes equipped with a crypto software wallet via the Samsung Blockchain KeyStore, so that crypto users can easily access their investments.

These types of smartphones could be the preferred way of storing Bitcoin in the future, but it’s still too early to conclude.

4. Use of Bitcoin in the Tourism Sector

Recently, there is a growing trend of Bitcoin use by tourist when they travel, and this is being encouraged by both companies and localities. Germany’s tourism board, in March 2018, included Bitcoin as one of the payment options it accepts for services rendered.

Talking about localities, an Australian beach town in Central Queensland recently became the first tourist town to be cryptocurrency-friendly.

- Advertisement -
- Advertisement -

Latest News

Conceptual Study of Technology-led Startup Companies (or Insurtechs’) Within the Insurance Industry – ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Insurtech: Fresh Legs for a Tired Industry" report has been added to ResearchAndMarkets.com's offering. The Report Includes: A conceptual...

Horizon8 Opens European Headquarters in Cork with Plans for up to 50 Jobs

CORK, Ireland--(BUSINESS WIRE)--Horizon8, an innovative, technology solutions company today opens its European headquarters in Cork, Ireland. Formerly called HengTian, the Company was created in...

Global Blockchain in Energy Market to 2024: Focus on Type (Public, Private), Components (Platform, Hardware), End Users (Power, Oil & Gas) – ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Blockchain in Energy Market: Focus on Type (Public, Private), Components (Platform, Hardware), End Users (Power, Oil & Gas), Applications, Region, Stakeholder...

Bitcoin (BTC) Trading Near Make-or-Break Levels

Bitcoin price is still trading above the $7,200 and $7,240 support levels against the US Dollar. The price is struggling to climb above the $7,440...

Bitcoin & Crypto Market Approaching Crucial Break: LTC, BNB, BCH, TRX Analysis

The total crypto market cap is forming a major breakout pattern with resistance near $195.0B. Bitcoin price is slowly rising and it seems like it...