The Booming Blockchain Industry
The cryptocurrency world has grown exponentially over the years, and the growth can clearly be seen when we look at a few staggering statistics. Firstly, when it comes to the number of digital currencies on the market, there is an astounding number of 1,600 digital currencies available. A number that will undoubtedly increase in the years to come. The challenge faced by many avid crypto-supporters is having to manage so many digital assets in multiple wallets.
As blockchain technology is open sourced and decentralised, more autonomy is given to the users. Therefore, it is unsurprising to see about 25 million cryptocurrency wallets in use and also over 150,000 merchants around the world accepting payments with cryptocurrencies. Additionally, the popularity of cryptocurrencies can be seen by the fact that there are 12,000 transactions hourly with Bitcoin. These transactions can be made over the internet without the need of a middleman or financial institution.
Today, we see more and more people and companies enter the blockchain industry. Having its market capitalization grow from 0 to over $250 billion in just 10 years, you can see why many people would want to enter the industry. The usage of a distributed ledger means that the likelihood of foul play and criminal activity is reduced. Furthermore, blockchain technology provides businesses and companies with a number of benefits. One advantage of implementing blockchain technology is smart contracts because they eliminate the need for 3rd party intermediaries in the approval/disapproval process of important public documents. It should also be noted that the cryptocurrency world is not expected to slow down, with many experts predicting the price of Bitcoin to reach US$20,000 by 2019.
X Infinity looks to take advantage of this growth with the creation of a unified cryptocurrency wallet that allows consumers and merchants the ability to transact as easily using any blockchain asset as a currency. X Infinity looks to provide the solution to a constantly changing and growing cryptocurrency landscape. The introduction of a single wallet that is able to manage and hold the many types of currencies makes X Infinity the wallet of choice for people wanting to spend their cryptocurrencies. With a single wallet in use for spending, this simplifies the cryptocurrency market for merchants that have issues managing various currencies.
For more information regarding X Infinity, check out our website at http://www.xinfinity.io/
