There is a revolution on the horizon, and this one is perhaps going to be the biggest we have ever seen. The last one, the internet revolution, saw the power of information become available to everyone on the planet.
The next one, the cryptocurrency revolution, will build on that to give the power of money in the hands of the people themselves. It is being touted as the future of money, and perhaps, rightly so.
Ever since Bitcoin came into existence in 2009, crypto enthusiasts have been wanting it to go mainstream, just like how the world of internet went mainstream from a handful of techies to the average person.
This year has not been that great for the crypto community, in terms of price, but we are slowly but surely moving forward with more clarity on regulations, more adoption among common people and new ventures by bigger companies. A recent news, is a big move towards that direction.
A Collaborative Effort
The Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE) announced last week to build a company (called Bakkt) to offer a regulated platform for the buying and selling of cryptocurrencies.
But this wouldn’t be like any other exchange though, as their primary goal is to help bring crypto to the masses by providing relevant institutional and consumer applications for crypto starting first with Bitcoin and then to other cryptocurrencies.
Microsoft, will be helping ICE with the building of the platform and Starbucks will be the first retail partner. So, this collaboration will help change the mindset of the average person regarding crypto that it is not just an investment thing but something that can be spent as money.
Starbucks will play a pivotal role in this as it serves hundreds of millions of customer every year and if people jump on the crypto ship, by paying for their coffee in crypto, we could see tremendous growth in this sector in the years to come.
Crypto To The Masses?
We are all aware that there is a lot of volatility in the crypto world and one of the reasons might be the limited number of people using it. When the whole world will be using them, I think it will bring a great deal of stability.
Another thing is that using crypto gives you a lot of freedom as far as managing your money goes. You are in control and can easily transfer money anywhere in the world without middlemen like banks charging you a fortune to do that.
I think within the next 5 years, crypto will be adopted mainstream and a lot of the uncertainties we face today, will be gone and we could all ride that figurative rocket to the moon.
Sadly
Starbucks has no plans to except bitcoin or any cryptos.
I know you know the truth and more so asking the question but many still don’t know and just read the headlines and believe this nonsense story.
I’m wity ya 100%
Mostl
But this Starbucks story was BS
Yeah, I read that they are supporting a platform that will help convert btc into dollars which will then be accepted in their stores.
Yup
Big news!
Usd to be accepted at Starbucks 🤣
it was a matter of time as to when it would happen.
agree 100%
I hope more big companies get on board.
Nice initiatives, definitely we all know that cryptocurrency is going mainstream sometime in the nearest future. It may not really be Bitcoin because of its obvious flaws of high volatility, low scalability, less secure , anonymity and non-regulation which in turns gives rise to terrorist financing and other criminal loundery of funds.
The marchants and masses would naturally prefer a relatively stable and transparent cryptocurrency. At the moment bitcoin is heavily lagging in this.
If Starbucks, Microsoft are championing this course as you opined above, its a wonderful news to get the masses attention to the crypto space.
Yeah, crypto is definitely going to go mainstream. And it won’t only be bitcoin but a whole host of cryptocurrencies.
I think it really would take Crypto to the next level but idk if it’ll really happen as others have said. It would truly cross different demographics if it did happen though.
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I think crypto will go mainstream one way or the other. It is just a matter of time.
I hope it becomes true 😄
It would be a nice boost
It sure would!
When cryptos go massadoption, the people who invested in the right coins have a chance to get rich, but to know what cryptos to invest in one needs a crystal-ball... Will bitcoin still be a thing in 5 years? Will etherium? or any of all the different shit-coins?
That's the thing. We just can't predict the future. But one thing is for sure, when cryptos go mainstream, a lot of people are going to be rich, just like how people became millionaires and billionaires in the dot com bubble.
Jesus christ, someone get me a damn crystal-ball 🔮, for gods sake, I need a Lambo and a house in the Hamptons! 😁
I use crypto everyday and buy Starbucks GYFT cards to buy my coffee!
Checkout the APP...
GYFT
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That's nice!!
I don't think it will take it mainstream so to speak, but no doubt it will help.
Yeah, it's not sure how exactly they want to go about it. We will just have to wait and see I guess.
To me the simple fact that market leaders are slowly but surely moving into the space is really telling. Also I was surprised to read they started working on bakkt 14 months ago...
If they were working behind the scenes for all this time, other major players are probably moving in this direction without going public yet
That's right! It is really telling that major players are now beginning to get involved. And as you pointed out, other major players might be working on something for the crypto world behind the scenes as well, which would be so awesome!!
What a positive article...I think the crypto revolution would be far greater than internet revolution..we all are so lucky to be ahead of the herd...and I think in 3 years and not 5 years we will be seeing major changes...happy days ahead :)
And this post definitely deserves an upvote :)
Thank you for your kind words :) Yeah, the crypto revolution is happening right before our eyes and soon we will all bear the fruits of our labour. It is really fun and rewarding to be a part of something that will be huge in the future, like how it was when the internet was at its infancy.
People reacted to internet the same way...most of them did not know what it was...what if 1 Steem is worth $10000 dollar in future...that would mean we all would have a private moon for ourselves haha :)
Exactly! No one had predicted that Bitcoin would be worth thousands of dollars today despite the hard crash. Who knows Steem could be worth thousands of dollars worth too some day!! We all would have private moons for sure then!! lol
Love your positivity..made my day :)
Thank you for sharing your ideas :)