"It seems like conversations around cryptocurrencies are getting louder all the time, especially following the launch of Donald Trump's own stablecoin. However, cryptocurrencies continue to grow in popularity, being adopted in industries that range from ecommerce to iGaming. Currently, it's not uncommon to see Bitcoin as a payment option when you're paying for slot spins. It is even possible to pay for your weekly shop at Asda using crypto now."
"Although there were previous attempts to form a digital currency before Bitcoin, it was the first to make any sort of waves in the public consciousness and is regarded as the first decentralised cryptocurrency. It was first proposed in a white paper published back in 2008 by its pseudonymous creator, Satoshi Nakamoto. Nakamoto participated in the first-ever crypto transaction, which took place in early 2009 between himself and Hal Finney, an American software engineer. The first commercial transaction infamously occurred on the 22 nd of May when someone exchanged 10,000 Bitcoin for two Papa John's pizzas."
"The success of cryptocurrency is hard to really quantify, but it's widely recognised that 2017 was the year Bitcoin began to surge. It started out the year with a value of just over £1,000 and managed to close out the year at £20,000. It was around the same time that spin-offs of Bitcoin, such as Ethereum, also began to grow in popularity."
Cryptocurrency began with Bitcoin after a 2008 white paper by Satoshi Nakamoto and early transactions in 2009, including the famous 10,000 Bitcoin pizza purchase now worth hundreds of millions. Bitcoin's value surged in 2017 from about £1,000 to £20,000, and spin-offs like Ethereum gained traction. The 2020s brought further mainstream growth, elevating Bitcoin to one of the world's most valuable assets. New stablecoins, including a high-profile Trump-linked stablecoin, and expanding merchant acceptance have increased visibility. Industries such as ecommerce and iGaming now accept crypto payments, and some retailers enable crypto-based shopping.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]