Four Growing Bitcoin Trends in 2019 to Help BTC Adoption Go Mainstream
There is much in store for cryptocurrencies in 2019. Several trends are springing up already, and the following are more you should expect regarding bitcoin this year.
More Popularity Of Bitcoin-Friendly ATMs
Going by the available reports today, this year will see the increase of more Bitcoin ATMs across all cities in the United States and beyond. Recently, Chicago received 30 new Bitcoin ATM machines, and this added the number of bitcoin ATMs in the city to 100, thus matching Philadelphia’s.
As Bitcoin ATMs increase, the adoption of cryptocurrencies is expected to rise. These ATMs will encourage most people who have been skeptical about cryptos before to invest in Bitcoin, while former users will use Bitcoin even more extensively.
Central Banks Will Get More Involved With Cryptocurrencies
People can use bitcoin without owning a bank account, and that is one of Bitcoin’s huge selling points. But this year, there is a noticeable trend in central banks showing interest to cryptocurrencies as a way of supplementing their gold reserves.
Christine Lagarde, International Monetary Fund’s director recently suggested that central banks should issue cryptocurrencies. Even though 2019 might not be enough for this trend to get total adoption, there will be a better relationship between central banks and cryptocurrencies.
More Smartphones Will Store Bitcoin
Tech providers have not been left behind since companies now are making plans to incorporate integrated wallets that can store Bitcoin effectively. For example, as 2018 came to an end, HTC announced that it would release a block-chain friendly phone that would come with a wallet dubbed the Exodus 1. Only people with cryptocurrencies could purchase this phone.
Recently, it was reported that both Samsung Galaxy S10 and 10+ series would come with a crypto software wallet through the Samsung Blockchain KeyStore to enable crypto users to access their crypto investments. These are smartphones that could be preferred to store Bitcoin in the future, even though it is still early to conclude this.
Bitcoin Use In The Tourism Sector
Of late, there has been a growing trend in the use of Bitcoin in the tourism sector, and this is being encouraged both by localities and companies. In March 2008, German’s Tourism Board included Bitcoin as one of the payment options it accepts for services.
Recently, an Australian beach town located in Central Queensland became the first cryptocurrency friendly town. This trend is growing in other areas, and expected to increase even more in 2019.