The first iPhone was released in 2007 and since then, technology has grown to the point where it has absolutely changed how society interacts with one another and how people live their lives. For evidence of this, look no further than the process of taking a photograph. This is something that changed completely over the past twenty years.
Before the evolution of the digital camera, people would have to take pictures on a camera with real film. Then, they would have to take that film to a store in order for it to get developed. Now, people are able to take high-definition pictures right from their phone and it is stored away forever.
The next big change from technology seems to be money. Yes, while this may seem absurd at first, look no further than credit cards and Bitcoin to understand where the currency is heading. People prefer to utilize other options as opposed to cash when they pay for goods and services. As a result, blockchain fintech seems like it is soon going to change the world.
Blockchain fintech is pretty similar to Bitcoin in terms of ide and utilization. As of right now, Bitcoin is not only one of the hottest stocks, it is one of the biggest talking points on the planet and in the United States. Every single day there are nearly 80,000 tweets put out on Twitter pertaining to Bitcoin.
By the year 2024, experts predict that the global blockchain market is going to be worth nearly $3 trillion. This is pretty impressive and points to the future of blockchain fintech. Approximately 69% of banks are currently experimenting with permission from blockchains.
Bitcoin has grown to encompass more than eight million accounts since its inception in 2010. This just took about 8 years to happen and who knows what could happen beyond that. This is why so many people are investing in blockchain fintech.
Peer to peer lending, technology, and blockchain fintech all go hand in hand. These things will grow together over the years as they become more and more common and prevalent.
In the last five years, VCs have invested roughly $1 billion into blockchain companies. VC stands for virtual currency simply enough. It works as an alternative to the American form of currency.
There are currently 96 countries in which bitcoin use is unrestricted. There are an estimated 12,000 bitcoin transactions occurring every hour. There are more than 1,300 cryptocurrencies in use today, but bitcoin is the most popular. Anywhere from 50 to 100 new cryptocurrencies were introduced each month in 2017.
In Conclusion
The future of currency will lie within blockchain fintech companies and the products that they make. This is why so many people are deciding to invest in blockchain. They view it as a way to get in on this huge product before the stock is too expensive to buy. Every single year, we as a society will inch towards a huge technological revolution that can change everything.
