Cryptocurrency and Beyond

Cryptocurrency+and+Beyond

Joy Yates

Cryptocurrency is booming!

The world is getting interested in a new type of money, a different type of currency. Cryptocurrency is changing how people view money, finance, and technology.
What is Cryptocurrency?
According to investopedia.com, “A cryptocurrency is a virtual currency that uses cryptography for security. A defining feature of a cryptocurrency, and argueably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.”
One company started cryptocurrency in 2009: Bitcoin. It is now the most popular site for cryptocurrency. According to investopedia.com, ” As of September 2015, there were over 14.6 million bitcoins in circulation with a total market value of $3.4 billion. Bitcoin’s success has spawned a number of competing cryptocurrencies, such as Litecoin, Namecoin, and PPcoin.
Now that we have looked at the past, lets look at the future.
As illustrated by Forbes.com, “Arran Stewart, cofounder of blockchain recruitment platform Job.com, explains, ‘Cryptocurrency can become a global currency platform and is able to replace traditional payment methods. In the future, you will be able to pay for lunch with your crypto wallet, without a need for credit car, merchant system, or cash. Consider how many things you buy and pay for day- to- day that crypto could replace.”