In COVID-19’s wake, the new normal creates crypto opportunities

In a matter of a few months, the new virus has caused drastic changes, causing humanity to look for alternative ways to make their tasks and meet their basic needs, without being forced to risk their health. Many groups, both financial and social, have been seriously affected.

The crypto market can be considered as one of the least affected; It has even proven to be a constantly growing community, which is why many assets and digital wallets have taken the opportunity to generate an increase in registered users on their platforms. One of the main benefits offered by the use of digital assets is being able to make efficient and transparent transactions, without leaving home.

In recent years, there has been an increase in the use of blockchain technology, and in recent months that number has doubled; many people, both individuals and businesses or industries, have shown their interest in the speed and security that this technology provides.

With blockchain technology it has been possible to control information, preventing any entity from trading personal data. The decentralized system allows the tracking of any transaction to be simple, guaranteeing transparency. To protect digital assets against inflation, there is a fixed number of currencies that allow them to protect their value. Thus, the chances that an economic crisis, such as the one caused by Covid-19, will have some kind of impact on the value of these assets is reduced.

Blockchain will help businesses to reinvent themselves and stay solvent during the pandemic. Many analysts have tried to describe the cryptocurrency market as a good option for long-term investments, as the value continues growing.

With the use of crypto, the dependence on intermediaries to make any type of transaction is reduced, which generates more profits for the sectors that have decided to implement it. This allows them to maintain retail prices, making the services or products increase in value.

This type of technology will allow private companies and even some governments to consider implementing blockchain technology, making their financial procedures more efficient, reinventing themselves to overcome the economic crisis.

A digital asset that has been found to be in constant growth and development is Traxalt, which is based on the Stellar blockchain. Currently, within the Stellar network, it has positioned itself as token #2, which means a great opportunity not only for the asset but also for the users to make a larger community.

The growth trend of digital assets indicates that they will revolutionize the digital world and diversify payment methods in all businesses and industries. With the growth they have had during the quarantine, it has allowed us to take it as a market with enough growth opportunities in the long term.