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Corporate cryptocurrencies will change the balance of power, the number of transactions continues to grow in the Bitcoin network. For Starbucks coffee, you can pay cryptocurrency.
The emergence of a large number of corporate and network cryptocurrencies in the near future will change the attitude of society to the blockchain. Cryptocurrency enthusiast Ari Paul believes that as early as 2019 the number of users may turn out to be much more.
If earlier digital financial assets were for the majority, like something ephemeral, now they are becoming a real incarnation. Ari is sure that the new products will increase interest in operations with Bitcoin and other cryptocurrencies. Even if 1% of the 300 million Facebook users begin to be deeply interested in this topic, the total demand will increase significantly.
What does the investor expect from 2019?
In early March, the number of operations on the Bitcoin network continued to grow. It came close to the record values of 2017. Moreover, such interest in exchange operations was not subject to the trend of reducing the cost of the BTC / USD pair. For it, the past week was not the easiest.
The company Diar offer their vision of this phenomenon. It is noted here that, on average, revenues from the production of cryptocurrency in February reached $ 195 million. This is far from the previous year's record of $ 951, but the figure exceeds the figure at the height of the crisis. The mining industry is recovering, although not as fast as its representatives would like.
Before the end of 2019, at Starbucks Cafe, customers will have the opportunity to pay for their purchase with bitcoins. This will be done using the app from Bakkt. It instantly converts cryptocurrency to fiat money, and immediately it will be transferred to the seller as payment.
That is, Bitcoin will not appear in Starbucks reports, however, it is Bitcoin that will “leave” from the customer’s wallet. The chain of coffee houses received a stake in the Bakkt project without making direct investments in it. Cooperation is based on the provision of testing and promotion services for a new financial product. Experts report that both organizations benefit from this.