RATE Group | How Businesses Are Adapting to the Blockchain Revolution
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How Businesses Are Adapting to the Blockchain Revolution

11 Feb How Businesses Are Adapting to the Blockchain Revolution

Posted at 03:09h in Cryptocurrency News by

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There are many reasons why people own cryptocurrencies. One is to store cryptocurrencies as value due to the limited supply of coins like Bitcoin. Some people store cryptocurrency for speculation — meaning they aim to make a profit when a coin’s value increases against the United States dollar or other coins. 

One of the major reasons why people own Bitcoin is to be able to make daily transactions, from shopping in a grocery store to travelling around the world. But are businesses keeping up with the crypto revolution? Let’s take a look.

Travel companies

The travel industry is one of the biggest industries in the world. According to Travel Agent Central, it’s the world’s second-fastest growing industry. About $1.7 trillion is expected to be spent in the travel industry this year. 

With this development, a growing number of travelers who own cryptocurrencies are expected to pay for hotel rooms or for flights from their crypto wallets. A growing number of companies are…

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