How Startups Will Lead the Bitcoin Revolution

 

The bitcoin revolution is coming and when it reaches full impact our relationship to currency will be overhauled. With the value of bitcoin continuing to rise and the benefits becoming more and more understood by the world’s population, startups can ingrain themselves in the new world order by using their services to show how amazing bitcoin is.

It is true that change is hard and conventional currency is bred into our society. The right startups, however, can change the tide.

Look at Purse. A true  game changer, it states in its mission that it seeks to make bitcoin useful and it is doing this by providing more situations in which it can be used. By first offering customers the opportunity to use bitcoin and then adding in an incentive in the form of a discount to bitcoin transactions, Purse is aiming to make bitcoin the easier and better option.

Of course, another great way to win people over is to tie your startup to a service or technology that is fully engrained in their lives. For example, social media.

This is what Reveal did. The startup uses its custom social network system to connect users across the globe. Then, it chose to incorporate a reward system into its software. Original users (or “founding members”) will receive access to compensation from advertisers through Reveal’s own payment system. As advertisers are required to use Reveal Coin, the use of the technology will lead to stock prices increasing, increasing the portfolio of the founding members. What greater benefit could there be than revolutionizing people’s use of money and increasing their financial portfolio?

Money is definitely changing and the innovation seen in FinTech startups are a great example of why money is undergoing this evolution and where it will end up. It is definitely an exciting time in the world of cryptocurrency.