Cryptocurrency market trends

"The Future Currency of International Business," "Next-Generation Gold," "A Permission-less Innovation," "The era of a cashless society," and "A Carry-less Movement."

Global cryptocurrency enthusiasts, users, and promoters have given different names and titles to cryptocurrency and its era. The nomenclature given to the digital currency by its promoters depends on their sentiment towards this groundbreaking financial innovation.

Over the past few years, cryptocurrency has triggered interest regarding ‘alternative money’ among masses and has grown exponentially. Bitcoin is the most popular and the most traded cryptocurrency in the world. It is the world’s first decentralized, peer-to-peer digital currency, which has gained mixed reactions over time.

Advocates for Bitcoin consider it as a superior payment mechanism, one that operates outside the control of governments, is global in scope, is more secure than the traditional payments systems, and which brings about a much-needed revolution in the almost ‘static and stagnant’ global financial industry in terms of money.

At the same time, the growth of this unregulated payment mechanism has led to heightened concerns about it’s usage, legality, accountability, and control.