Crypto currency is the payment means of the future!The violent growth of bitcoin cost in the end of 2017 caused many people who consider crypto-currencies a "soap bubble" to reconsider their point of view and start studying this topic. Basically, of course, Bitcoin is seen as an attractive object for investment: some time ago it was possible to buy it for hundreds of dollars, now it costs thousands, and in the near future it can quite reach the level of tens of thousands. Accordingly, anyone who has time to acquire bitcoin before the next jump in value will naturally increase its capital.
Nevertheless, against the background of the growing popularity of bitcoin, we should not forget that in this case we are talking about the crypto currency. That is, it is about currency. And the main function of currency - used for payments for goods and services. Can the crypto currency officially become the payment system of the future?
In fact, despite the fact that bitcoin is trying to involve the whole world in one way or the other, it's too early to talk about its mass introduction into the everyday life of people. As of today, there are two most significant obstacles:
• Low level of confidence in the crypto currency of the population
• Lack of legislative base
Both obstacles are closely related. As soon as the crypto currency is officially recognized in this or that country, the level of confidence in it will increase. At the same time, governments will be ready to recognize the crypto currency only when a significant number of people within the country trust the crypto currency and actively use it.
However, already now a growing number of companies around the world are starting to take bitcoin as payment for purchases, and against this background, cryptoeconomy enthusiasts often say that bitcoin will challenge the usual payment instruments and become one with cash and payment cards. Innovations are always perceived with caution! Remember how recently people did not trust plastic cards, and now systems that accept payment by cashless settlement are in every store! This fact gives grounds to assume that the crypto currency may well become an official means of payment!
In addition, more and more countries are thinking about legalizing crypto-currencies.
To date, the crypto currency has been recognized and legalized in: the USA, Canada, the United Kingdom, Australia, Estonia, Denmark, South Korea, Sweden, the Netherlands, Finland.
A number of countries are thinking of taking bitlock as a new legal digital currency or not, namely: Russia, Japan, Belgium, Colombia, Czech Republic, Germany, New Zealand, Israel, Ukraine, France, Croatia, Belgium, Poland, Hong Kong, Slovenia, Turkey, Singapore, Switzerland, Spain and many others.
There are also countries that have banned the bitcoins: China, Bangladesh, Iceland, Lebanon, Vietnam, Thailand, Bolivia, Ecuador, Kyrgyzstan, Indonesia. The funniest thing is that in some of these countries, despite all the prohibitions, there are data centers renting capacities for cloud mining and not only.
We believe that the future is for the crypto currency! And you?