2016 To Be the Year that Bitcoin Goes Mainstream

Fintech Investing

Bitcoin use is up, leading Wired’s Cade Metz to speculate that 2016 is the year the currency reaches the mainstream.

Bitcoin use is up, leading Wired’s Cade Metz to speculate that 2016 is the year the currency reaches the mainstream.
According to an article on Wired:

As a currency driven not by a central government but by a vast network of independent computers spread across the globe, bitcoin has been slowed by regulatory problems—particularly in the US. But these are easing, with regulators in New York leading the way. Ultimately, bitcoin can still provide a much cheaper and simpler way of moving money from place to place, particularly when you’re a consumer or business moving it across international borders or a retailer accepting payments from online buyers.
The price of bitcoin stands at $434, well below the high of $1,216 it reached in late 2013. But it’s not the price that matters. What matters is whether people are using bitcoin, and more than ever, they are. Check out the graph below, which shows the number of daily bitcoin transactions. The usage has hit a record high, and in December, compared to the same time a year ago, the average number of daily transactions more than doubled.

Click here to read the full article on Wired.

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