Crypto News Flash #10: Cryptocurrencies Found Their Way In The World Of Auctions | Bitcoin Will Also Be Accepted As Payment In Auction Houses !!
Cryptocurrencies are becoming famous day by day and this can be cross checked by looking at the rising crypto market capitalisation. With the inception of Blockchain technology, the cryptocurrencies came into existence in year 2008 in the form of Bitcoin and that Bitcoin which was just valued at some mere cents, is now valued at almost $6000.
Looking at the potential of Bitcoin, many tech companies are also considering mining it. Some are already mining it like Fidelity Investment Inc. The institutional day traders are also jumping on the train of cryptocurrencies to catch some profit.
Wherever you look, you'll see the high potential of Blockchain Technology and its use cases. Cryptocurrencies were mere a mode of exchange but after having seen their value going 10X folds within a few years, people made it a store of value. Now, most of the investors holds a certain percentage of cryptocurrencies in their portfolio. It's clear that cryptocurrencies are here for stay.
Now, let's talk about another use case if cryptocurrencies which is just started.
An Italian Auction House, based on Rome, has recently announced that it'll accept payments in cryptocurrencies to give a boost to the slow adoption of Cryptocurrencies in the real world.
Previously, some Arts based galleries were already accepting payments in Bitcoin. The first art gallery was 'Cointemporary' which offered unique arts pieces for Cryptocurrencies, specifically for Bitcoin.
Now, after this bold announcement by the Italian based Auction houses, cryptocurrencies will be wide spread used by common people in day to day transactions. Bitcoin was originally designed for transaction purpose only. It was meant to serve common people with low transactional fees and used anywhere anytime. But after too much speculation by some 'whale' investors, Bitcoin pricing kept on Increasing.
Today, you can even buy a Lamborghini through Bitcoin. Most of the car showroom accepts Bitcoin in payment.
Blockchain Technology is also get widely adopted by the masses.
Let's hope for a better future where we can get all our problems solved with ease by adopting Blockchain technology and cryptocurrencies in our daily life.
Thanks for reading ...!!
Follow Us On Discord and Become a part of ADSactly.
wonderful post and narrative. Thank you for sharing!