Cryptocurrencies in Retail: The Wave of the Future Today?

Much ado has been made about the use of cryptocurrencies in the future, especially as Bitcoin becomes more popular. But is it possible that cryptocurrencies are the future of retail? Let's take a look at the possibilities. 

  • By the end of the summer 2016, it's estimated that more than 260,000 businesses in Japan will accept cryptocurrencies as forms of payment, according to a study conducted by Futurism. This suggests that while American stores haven't caught up as much as of late, there's a good chance that this trend will move to America soon enough. But this study also suggests that cryptocurrencies are, indeed, the wave of the future. 
  • According to 99Bitcoins, there are a few American companies that currently accept Bitcoins as currencies. Major companies, such as WordPress, OK Cupid, Expedia, and Whole Foods Market are just a few of the many American companies that are accepting cryptocurrency as a form of payment, and this suggests that this trend will expand in America, though perhaps not as quickly as it did in Japan. 
  • But what's most interesting about cryptocurrencies is that Bitcoins, while the most popular, aren't the only ones out there. According to CoinDesk, there are a number of cryptocurrencies that are just as popular, if not moreso, than Bitcoins, including Ethereum, Ripple, and LiteCoin.

Netclearance mBeaconPay platform integrates seamlessly with retail cash registers and enables Bitcoin payment acceptance in retail, thus helping consumers and merchants to adopt it as method of payment. For more information about us and our services, including how you can integrate cryptocurrency acceptance into your business, contact us today.