Tag: crypto is not dead

Why Blockchain and Bitcoin Are Becoming a Part of Life

Mason Mohon |@mohonofficial

The Bitcoin naysayers live their life in glee these days, happy that cryptocurrency is finally dead! Well, dead again. Clearly, if something can die multiple times, its death carries far less weight. Cryptocurrency, along with Bitcoin, is in a continuous cycle of death and resurrection. In the short term, this makes it a scary investment. In the long term, though, Bitcoin has a lot of potential and is likely to become a part of the dominant social order. It will do this along with its underlying technology: blockchain.

Continue reading “Why Blockchain and Bitcoin Are Becoming a Part of Life”

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Cryptocurrency is Taking the Next Step into the Mainstream

By Nick Hamilton | United States

Cryptocurrency is about to become much more accessible when making purchases in public.

Square, a major digital payment service that Twitter CEO Jack Dorsey leads, has won the patent to allow merchants to accept crypto payments, such as Bitcoin. The service would then transfer the payment into the local currency.

Cryptocurrency: Payment of the Future

Dorsey has said that he believes cryptocurrency will be the leading method of payment in ten years. Adding Bitcoin to this service that already supports many major credit cards is a way to make this a reality. This system also eliminates latency in these transactions, meaning approval on purchases will occur much faster. They’ll be able to do this via a blockchain that records Square-managed wallets in real time.

Tackling Major Obstacles

This, of course, means that cryptocurrency payments will process at the same speed of credit card payments. Previously, one of the big drawbacks of crypto was the increased transaction time. Another key issue was a very low accessibility, but Square is tackling both of these issues.

It’s not often that companies who do blockchain research have such an enthusiastic CEO when it comes to cryptocurrency. However, due to this patent, and Dorsey being so invested in cryptocurrency, we could see cryptocurrency emerge more in the mainstream. At the very least, it now will be considerably easier to use. This could mean that Bitcoin’s demand will rise, thus raising its price.

A Bright Outlook

The patent may affect the backbone of the future economy, at least according to Dorsey, who tweeted earlier this year that Bitcoin would become a path towards financial success for all.

As the price of Bitcoin continues to rise, Dorsey’s dream of seeing crypto thrive in the future may be coming true.


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