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Topic: Potential for future growth of electronic money in 2019 - page 2. (Read 407 times)

hero member
Activity: 1330
Merit: 569
If 2018 is the year a difficulting for the cryptocurrency, investors are expecting a growth in the year 2019. When large institutional investments start to increase Bitcoin prices, the popularity of search terms like "Bitcoin" on online sites will start to increase, this again leads to a new wave in the electronic money community. More and more central banks are researching the use of electronic money, they want to understand how electronic money and Blockchain technology can affect their countries. These are the reasons why electronic money will become more popular in 2019. And you, What do you think about the future growth potential of electronic money?

2019 is just around the corner and its an open secret there are currently some behind the scene researches going on in the utilization of blockchain and its applicability to the current financial system where they can co-exist. However, I would not express much optimism because while four months from now is 2019, so also is the next fourteen months from now and when there is no timeline to an objective, its best to say it will remain un-achievable and that is exactly this open-ended wave that is expected to happen in the new year.

Electronic moneys would be more popular in the coming year but that does not metamorphose into boost for bitcoin because there are several methods that is presently in place which would be improved upon in the drive towards a cashless economy. For the institutional investors, its best not to bank on them because its during the time of increase in plans that there is leaking of news about their own plan to launch just to boost their popularity in the market after which, it goes back to development phase that won't see the light of the day until another increase in price.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
More and more central banks are researching the use of electronic money, they want to understand how electronic money and Blockchain technology can affect their countries.

No, they aren't even concerned on the welfare of cryptocurrencies as long as they can push their agenda and use the blockchain technology for their own services. Seeing how efficient and excellent the blockchain tech works for bitcoin, they want to incorporate it into their own systems and market it as 'cutting-edge' technology to fool people once more. Nothing special here, just a typical banker's move if you ask me.

As for the future of bitcoin and digital money, it can be integrated into a lot of FinTech services and other sectors of the society as well, but we're far from seeing it (crypto) taking over fiat anytime sooner, though it can already co-exist with it side-by-side.
hero member
Activity: 2842
Merit: 772
More and more central banks are researching the use of electronic money, they want to understand how electronic money and Blockchain technology can affect their countriesThese are the reasons why electronic money will become more popular in 2019.

I really doubt that central banks are researching because they wanted to take advantage of electronic money. What they're interested at is the technology behind it, which is blockchain. They hated crypto because its a threat to their existing financial system.

And you, What do you think about the future growth potential of electronic money?

The future looks bright. Eventhough we have seen a lot of negativity and countries becoming hostile to crypto, there will be nations who will support it because of its potential. We have seen countries enacting laws to support crypto/blockchain/ICO's. So its just a matter of time, maybe 2-5 years its full potential will be realized.
member
Activity: 406
Merit: 11
Enthusiasm for electronic money has existed since the bank introduced debit and credit card technology. and it is growing, because banks also expand to remote areas, so that people begin to believe in using the technology for all their financial transactions. Plus, access to information is increasingly massive since the presence of a smartphone that has an impact on the increasingly popular of the use of electronic money.
sr. member
Activity: 1092
Merit: 271
We are witnessing a genuine interest from all over the world regarding bitcoin and the technology it packs with it. And in that note, the future of electronic money is somehow secured. It is set to snowball in the coming years.  And this status is largely because of bitcoin. Bitcoin has proven to the world that there could exist a peer to peer system reliable and secured even without a central authority. And i really think bitcoin made many people not only interested to try electronic or digital money, but bitcoin made them trust too in such idea of a useful currency. Thus, we can expect a lot of growth in the near future.
full member
Activity: 432
Merit: 126
It most likely, bitcoin increase its value in the end of the year and the start of new year. But many will always consider the investors at that time. I am not sure why this time of the year is the most active, maybe because most of the people have their pay double and some institutions is doubling their profit. And bitcoin is one that comes to their mids in terms of potential investments. So lets just have to wait and see the future of bitcoin in the end of 2018 and of the start of 2019.
legendary
Activity: 2114
Merit: 2248
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I'm not to optimistic of 'large institutional investment' been thrust into bitcoin.
But popularity and increased adoption would surely have a positive effect on the price.
And more governments and sectors are identifying the potential in the blockchain technology and digital assets.
2019 could well be a good year, 2018 has not been bad so far, we have seen increased price stability and a higher support than previous years.
But we all want a big bull and lots of FOMO, hopefully that comes soon.
newbie
Activity: 19
Merit: 0
If 2018 is the year a difficulting for the cryptocurrency, investors are expecting a growth in the year 2019. When large institutional investments start to increase Bitcoin prices, the popularity of search terms like "Bitcoin" on online sites will start to increase, this again leads to a new wave in the electronic money community. More and more central banks are researching the use of electronic money, they want to understand how electronic money and Blockchain technology can affect their countriesThese are the reasons why electronic money will become more popular in 2019. And you, What do you think about the future growth potential of electronic money?
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