The future of cryptocurrencies

Posted 9th August 2019
Author Stark Payments
Share this article
Tweet about this on Twitter
Twitter
Share on Facebook
Facebook
Share on LinkedIn
Linkedin

At the time of writing this post, the total MarketCap for cryptocurrencies has exceeded $302b. That is a huge number. Anyone who questions whether there is a future for cryptocurrencies, I think that number just says it all. It’s too big to bottom out.

Bitcoin was the first cryptocurrency that took the World by storm, and holds over $200b marketcap.

In recent months and years, we’ve seen the value of cryptocurrencies skyrocket, but also drop massively. Yes they are volatile, but it’s an industry that is just a decade old.

Whilst more and more enthusiasts and interested parties invest in crypto, with a hope them going up, I feel that there is a much larger opportunity, one that is global, one that will shape they way everyday consumers interact with commerce and how commerce engage with this revolutionary system.

Cryptocurrencies will be part of our everyday lives and we will be using them to buy goods and services, just as we do with debit or credit cards. There is still some innovation and some hurdles to cross, but we’re not far from that goal.

For the last couple of years, Stark has been working on a brand new platform that enables existing payment companies, web developers and other system integrators from across verticals to accept cryptocurrencies, such as bitcoin, ethereum and xrp as payment method for online and instore merchants. We also welcome merchants to work directly with us and have developed an advanced crypto accepting plugin for shopping cart platforms such as WooCommerce. We’re also working on many other shopping cart plugins.

More and more currencies powered by blockchain technology will continue to emerge, it’s the interoperability of those currencies which will truly disrupt the payment processing world.

Cryptocurrencies were not primarily designed just to be stored as a value asset. Regardless of what many people think. We’re at the very beginning of the evolutionary journey of cryptocurrencies such as bitcoin. Users will continue to invest in crypto, but the real value will be realised once users beging to transact with businesses.

Stark’s bold ambition is to onboard as many merchants around the world in order to develop the next layer of a much wider crypto infrastructure.