Is Crypto Going Mainstream?

Cryptocurrencies have been a massive topic in the past couple of years. Since the boom of bitcoin, there has been a net increase in awareness regarding the blockchain and its deployment in more "mainstream" contexts. With examples ranging from Santander to embryonic forms of tax evasion control, crypto as a whole is bigger than ever, let's analyse why crypto is going mainstream.

Santander's First Blockchain Bond

When crypto was first introduced to a mainstream market, the main question was related to the fact that the usage of these currencies wasn't regulated at all. In fact, a dedicated entity who was controlling tradings and everything in between was much needed back in the so-called "bitcoin boom" in 2014. With this being said, no one imagined that Santander, amongst the biggest banking groups in the world, decided to implement a fully blockchain-based bond in 2018, setting the foundation for a potential blockchain-based future bank.

Payment(s)

If you browse through eCommerce sites, whether if fashion, technology or anything in between, you've probably seen how the "pay with crypto" route has been implemented. The usage of crypto for simple transactions is another massive implementation of the matter in yet another mainstream scenario. In the UK, in particular, some app developers have stated how impactful the usage of crypto could be for day to day transactions, given the requirements many companies have explicitly added on this matter.

Value

Bitcoin currently fluctuates at around £6000 ($7760), which is the lowest it has been in the past couple of years. Although it may sound frightening from an investor's perspective, there's a chance that this "fall" could lead to a far bigger usage of the currency, especially for micro and small transactions worldwide. In simpler terms: Bitcoin is going down because its usages are going up.

To Conclude

Crypto and, specifically bitcoin, is definitely moving mainstream. At the current stage, in a couple of years, we could be able to use crypto (given project Libra's signal) for day to day activities.

Author's bio

Zack Halliwell is a writer in the health marketing niche, giving advice on anything from the perfect branding to the latest app development London news. When not writing he can be found on long mountain walks with his dog, Batman.