Online Markets Crypto Expects Significant Growth within 2 Years
Cryptocurrency’s following is growing by the day. More people are beginning to understand what crypto is really all about and how it can benefit the everyday person on the street.
The more prominent crypto’s following and the more it is noticed in the mainstream, the quicker its growth can snowball. It is no surprise then that the online markets where crypto is expected to grow significantly are the same online markets where it has already got off to a good start.
1. Online Gaming
Online gaming and cryptocurrency already boast a strong and growing relationship. This is because crypto can make gamers data safer when purchasing games via the internet, and it makes in-game purchases cheaper by avoiding microtransaction fees from VISA etc. eSports gaming is another potential market that crypto can develop.
Most gamers and eSports fans are tech-types and are usually more inclined to own and spend cryptocurrencies. The natural progression is more growth of Bitcoin use in online gaming of the future.
One niche within online gaming might experience even more growth when compared to others is online casino gambling.
It is often the case that gamblers want to increase their security when frequently depositing to one website, and cryptocurrency allows them to have added protection. Paying through a crypto wallet avoids the need to enter sensitive financial and personal information into the casino.
And sites promoting online slots, or roulette and other casino games, may add new Bitcoin games to their gaming libraries. Some casinos are entirely dedicated to gambling with Bitcoin in games where you can win more of it. You can expect these sorts of crypto gambling games to spill over into mainstream casino sites in the future.
Suppose crypto is one of the best alternatives to avoiding unnecessary fees, such as transaction fees and conversion fees. In that case, travel is one online marketplace that will definitely benefit the most.
People using travel sites will usually make transactions in different currencies or have their local currency converted by the site to pay for foreign trips and bookings.
Globetrotters already realise the benefit of using crypto in these situations, which has resulted in Bitcoin-only travel sites like TravelbyBit and Bitcoin Travel. Expect more industry penetration in the coming years and more travel sites explicitly catering to crypto users.
4. Delivery Services
Delivery services only used to be used by people when in their own country. But now when we travel, it is not uncommon for us to jump on apps like Uber Eats and order food to our hostel, Airbnb and hotel. Paying with bank cards becomes problematic in this situation and often costly. After all, we exchanged our coins for local cash, but we haven’t got local fiat currencies stored in our bank (most of us haven’t anyway).
Cryptocurrency can be a saving grace in these growing situations, and you might expect more online delivery and subscription services to cater to international travellers – not just before they go – when they land in foreign lands.