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New business involving cryptocurrency

Since its inception in 2009, cryptocurrency has been on a steady rise into the mainstream. It started with Satoshi Nakamoto creating and unleashing Bitcoin onto the world, sending the world into a frenzy over this new digital currency. Since then, many other currencies have joined the ranks, such as Ethereum, Dogecoin, Litecoin, and Solana. Each share similar DNA in the blockchain technology they all use to record transactions, but each also have their own unique qualities and values that create a whole financial network in the online world.

Over time, tech geniuses have discovered and implemented new ways for cryptocurrency to infiltrate society. The crypto movement began with the purchase of two Papa John pizzas in 2010. Since then, digital currency enthusiasts have been investing in crypto in the same way traders behave in the New York stock exchange. High streets retailers can now accept payments via cryptocurrency and even luxury items such as sports cars and villas can be purchased with Bitcoin, Ethereum et al.

New Opportunities with Crypto

There are more traces of cryptocurrency cropping up in society and there are also more areas and industries crypto can increase its influence in. While payment of everyday items in stores might even be rendered obsolete in a couple of years due to the increased activity in the online world, it is in this space exactly where cryptocurrency can really make its mark.

Influencing as a Business

Following the introduction of social media, every individual around the world was provided with an avenue to produce and publicise content. Whether on Instagram, Twitter, TikTok, or YouTube, “influencer” became a term associate with people promoting products on social media. If an individual had enough followers, they could receive free products in return. The same applies for other industries like travel, with hotels reviewed by influencers.

Although not quite the same, more bedroom music artists started emerging on open media platforms. The difference is that they are promoting their own talents, via this medium that allowed budding artists to spread content around the world without a recording studio or a fancy record label.

While platforms like YouTube and Facebook have been around for decades already, the ability to monetise content through payment in cryptocurrency is a new development and has led to millions around the world turning online content production into a legitimate business. Social media phenomena can nowadays make livings from online content, with more learning about and leaning towards cryptocurrency as a secure and rapid method of receiving contributions, donations, or payments. The power of influencers and online artists will only continue to grow, especially because of Netflix shows such as Pop Star Academy: KATSEYE, where talented female artists are discovered on social media.

Online Casinos & Sports Betting

Another industry that is beginning to incorporate more cryptocurrency into its daily operation and is becoming a more worthwhile business venture is online casino. The digital versions of land-based casinos that house popular casino games such as blackjack, roulette, poker, and slots, are rapidly rising in popularity. Since the pandemic, when the industry got lift off, more players have taken to online providers such as Cloudbet due to the added convenience of being able to play wherever they are. Online casino operators have also exploited the enhanced capabilities of technology to produce high quality platforms that are seriously rivalling land-based establishments.

Online casinos have also improved the speed at which deposits and withdrawals can be made and this is being made even more efficient with the introduction of cryptocurrencies as a method of payment. The partnership between online casinos and cryptocurrencies is a match made in heaven due to the heavy presence in the online world. And that partnership is being strengthened by more providers, games, and bonuses dedicated to cryptocurrency.

Nowadays, it is common to find Bitcoin casinos, platforms supporting Ethereum, while Solana supported games can be used at Cloudbet. More platforms providing more bonuses for players using cryptocurrency also increases the presence of digital currencies and paves the way for more entrepreneurs to follow their example. The industry is proving lucrative for operators all over the world and cryptocurrency and online casinos can continue to work in harmony with each other to become a real presence in the business sector.

 
 
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