How Corporate Influences Have Impacted Cryptocurrency Growth
The post How Corporate Influences Have Impacted Cryptocurrency Growth appeared com. Since its inception in 2009, cryptocurrencies have evolved from a niche digital asset to a global financial instrument. Cryptocurrencies and assets are sold, bought, and traded just like any other traditional asset or currency. This modern transformation stands in stark contrast to the early skepticism faced by cryptocurrency. Many people did not trust cryptocurrencies in the technology’s infancy. Fast forward to today, not only is the trust and use of cryptocurrency growing, but so too is institutional participation and investment. Cryptocurrencies have gone from a fringe idea to a global digital currency that is seeing growing corporate involvement through investments, partnerships, and adoption. Corporate Investment Changing How Crypto is Used The early days of cryptocurrency saw limited use cases. Most crypto users either bought or mined crypto as a novelty. Following the pizza trade, crypto was still primarily used for anonymous online payments on the dark web. As with many innovations in the financial sector, the perception of crypto shifted when it started to see widespread use across mainstream corporate-funded platforms. One of the first use cases that sparked this shift was crypto day trading. Day traders realized that the speculative nature of cryptocurrencies like Bitcoin made it perfect for high-yield speculative trades. Another sector that contributed to widespread crypto adoption is corporate-backed online entertainment platforms that run on crypto payments. The first of these to gain popularity were new crypto casinos that revolutionized how people gambled online. These platforms demonstrated crypto’s ability to facilitate faster payments with greater degrees of privacy. Corporate Investments: Adding Legitimacy and Boosting Market. Continue reading How Corporate Influences Have Impacted Cryptocurrency Growth