BRC Crypto Wallet Surpasses 6 Million Users
Bitcoin has been a hot button topic around the world for 10 years. It can be used in online casinos and as a payment method for some other businesses.
11:11 23 November 2020
The Rise and Popularity of Bitcoin Around the World
Bitcoin was first created back in August of 2008, and it was officially released to the public in January of 2009. After initial proof of concept transactions, the first major users of bitcoin were those who were looking to buy and sell things on the black market. However, by 2011 it started to get mainstream attention, and some businesses started to accept it as payment for online transactions. You can now find Bitcoin online casinos to play at
In 2011, the price of Bitcoin sat at around $0.30. By 2012, prices had risen to $5.27, and by 2013 it had risen to $13.30. To this point, Bitcoin had seen significant but reasonable increases in value. However, the next year saw Bitcoin explode in value as it reached $770 by the start of 2014. Prices dropped the next year and fluctuated in the hundreds of dollars through the beginning of 2017. However, in 2017 prices started to skyrocket. Bitcoin reached its peak at this point on December 17th, 2017, with a value of $19,736.06. It saw a crash in the coming months, but it has recovered to the point where it is almost worth $15,000 again.
In general, Bitcoin and cryptocurrency have been a hot button topic in the United States, China, and the rest of the world. China banned the trading of Bitcoin a few years ago, but in Western countries, it is starting to be used by mainstream companies. Companies like Microsoft allow some online transactions to be made with Bitcoin. The goal is for Bitcoin and other forms of cryptocurrency to one day be a universal form of currency used around the world.
United States Based Crypto Walled Passes 6 Million Users
BRD is the most popular United States based cryptocurrency mobile wallet. In October of 2020, it announced that I had passed six million users globally. They were founded in 2015, and they claim that they are one of the largest non-custodial wallets with users from 171 countries around the world. Although six million people might not seem like a lot when compared to seven billion people on the planet, it is significant growth. User growth has been consistent, and the founder of BRD is hopeful that one day Bitcoin will be used as a primary form of currency around the world.
Bitcoin in the World of Online Gaming
One of the biggest talking points around cryptocurrency is where people can actually use it. Most people understand that it is incredible, but they do not know where to use it. You cannot go to your local grocery store and purchase milk with it, so what value does it really have? Bitcoin is only accepted by some online businesses as a form of currency. Arguably this is changing and there are even prepaid Bitcoin cards via Visa that allow you to pay for everyday items.
Notably, Bitcoin is very popular in the online casino industry. Casinos are in the business of gambling, and as a result, money moves quicker and more often than in other businesses. They also host players from all around the world. These players are from countries that use different currencies, so it can make things complicated. However, cryptocurrency is universal, so it can be used by people all around the world.
Cryptocurrency eliminating the need to deal with currency exchanges is a major reason why these casinos use it as a form of currency. Additionally, there are several no deposit bitcoin bonuses that are available. These bonuses let you play your first games for free, or they give you a small balance to start with before you need to put in your own money. This is done to encourage people to use Bitcoin and try out new sites.
Where Else Can Bitcoin be Used?
There are many mainstream companies other than online casinos that accept Bitcoin as a form of payment at their online stores.Microsoft is the most notable company, and they are one of the earliest adopters. They started to accept Bitcoin as a form of payment back in 2014 for the Xbox Store. They briefly stopped accepting because of its volatility, but they now accept it for Xbox store credits.
Starbucks is taking steps to allow Bitcoin payments on their app. They initially wanted Bitcoin payment to be available back in 2019. However, they were delayed because payments will be made through a partner. Starbucks is planning on partnering with Bakkt, an app that accepts Bitcoin payments. The goal is for you to be able to purchase Starbucks through this app by the end of 2020.
Newegg is the other major company that accepts cryptocurrency as payment for their products. They are in a unique situation because they became a popular part of the cryptocurrency mining community. Many of their products proved to be ideal for this kind of activity, and as a result, many miners bought lots of hardware from them. Newegg recognized their popularity in the community and started to accept Bitcoin as payment for their hardware.
Is Bitcoin the Future of Currency?
While Bitcoin has been rising in popularity over the last decade, we are a long way from it being used as a universal currency. The idea behind Bitcoin is great. It takes power away from institutions and governments that have lost the trust of the people. In an ideal world, we would have a currency that is the same for everyone in every country in the world. Unfortunately, we do not live in that world. Instead, there are many barriers cryptocurrency will need to break through before it can be used safely around the world.
Firstly, it needs to become recognized as legitimate by the strongest world powers like the United States, France, China, Russia, and the United Kingdom. Then the biggest businesses need to feel comfortable using it as a form of payment for its products and services. If the biggest businesses in the world do not get on board, then small businesses will not be able to use it as a primary form of payment.
These things can happen some day, but it will take a while. There will probably come a day when cryptocurrency is the primary form of currency around the world, but it could take a very long time. It might not happen in our lifetimes, but we will take significant steps in the coming decades so that future generations have what we do not.