One of the most critical barriers preventing large companies from using cryptocurrencies is the legal situation. Governments influence companies, even companies operating in other countries, note what happened to European companies when the United States imposed sanctions on Iran.[1]
If legal avenues paved, the international remittance platforms are the first beneficiary as transaction fee using are very cheap and faster than the traditional methods.
Followed by service companies, where one token can use for all services around the world such as a token for trains, aircraft, and others.
The use of blockchain is not limited to financial matters; it can use in electoral systems, food and pharmaceutical industries.
[1] US sanctions mean no big oil company can risk doing business with Iran, Total CEO says
Topic: Corporates plan to adapt bitcoin and blockchain? - page 2. (Read 334 times)
Corporate can contribute big for cryptocurrency progress by the means of paying their employees crypto as per rendered services. With this, people are forced to become aware with the existense of the crypto market. Companies also will not do it without the supervision of the government.
We are tend to talk about governments accepting bitcoin and other crypto currencies. We do have corporate companies who are the main source of income to all citizens of countries. Government are the first beneficiary of these companies. The country's development is depend on outsourcing. How well it would be if corporates adapt Bitcoin, other crypto currencies and blockchain?
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