It has been three years since the crypto industry entered the most niche with a significant influence. So the list of industries where we can use crypto coins is quite long and it is increasing daily. This is due to several reasons. For this main reason, we can consider the simplicity and comfort that cryptocurrencies bring in our lives.
Yet, they are not able to substitute physical currencies and they never will be, but during this short period, they have become quite strong competitors for fiat currencies. Why are crypto coins more comfortable for us than ordinary currencies? Because they are decentralized. This is the main reason why it became much more available than fiats. As you may know, crypto coins are not regulated by any government or specific financial institutes like it is in the case of physical money. The crypto industry is independent of everything which means that they are international and no matter the location, everyone follows the same rules and everyone is available to purchase and use.
The decentralization made it more simple to enter different niches and make some changes. Another reason why crypto has so much influence is its profitability. There are millions of people that earn some income from the liquidity and volatility of crypto coins. Even though there was a period called crypto winter, people still continue trading with digital currencies and have pretty good results. But crypto trading will not be our main focus in this article. Down below we will introduce you to some industries and sectors which adopted crypto massively and it caused some changes in their services.
Gaming – The industry that is Significantly Influenced by the Crypto
The gaming industry is one of the first that welcome cryptocurrencies with wide open arms. They still get massive benefits from this decision. While there were pandemic regulations and the popularity of cryptocurrencies was increasing, the gaming industry decided to allow their users to play with crypto coins and not only with fiats anymore. This made online gambling more available for gamers from all around the world as they were not dependent on fiat currency availability and rates anymore.
Online casinos as well as game provider companies massively started the adoption of different types of cryptocurrencies to make their games as available for everyone as it was possible. Today, it is even hard to find an online casino that does not accept at least bitcoin playing. For competitiveness, most of them accept several types of crypto coins. Even more, some of them have different and more encouraging bonuses for crypto playing where players can get extra BTCs and special features. So for the gaming industry allowance of crypto became a very profitable decision.
Media and Social Media – Using Crypto in Marketing
This is not surprising that media and social media are on this list. These industries always take the news to take advantage of them. It all is about the popularization of cryptocurrencies which also was quite profitable for crypto exchanges too. Today there is a new profession called crypto-journalist which is one of the most demanded niches to work in. People need consultations and updates about the news. If there is a media for fiat currency news, why should there not be digital currencies? This logical chain became quite successful for both sides.
Today, those who want to learn more about crypto without spending any money on it or just want to be informed about news and interesting aspects can find tons of podcasts, social and TV media programs, and journalists about the crypto industry and exchanges. Newspapers and online social networks also added crypto as a separate page of the menu which significantly increased the number of visitors. For crypto exchanges, it worked as a good marketing campaign and advertisement tool.
Finances and Online Trading – The Niche That is Getting Highest Profit from Crypto
Not outlining the online trading industry would be unfair, as it was one of the most influenced niches compared to others. The Appearance and popularization of cryptocurrencies significantly changed the whole industry, in a positive way. Crypto trading is very popular around the world. It became a profitable market where people simply can invest some money and earn profits from the difference in crypto rates.
How does it influence online trading? The number of customers increased by dozens of millions. Today, more and more people start joining different crypto exchanges to start trading online. As the popularity of crypto trading increased, automatically it increased the interest in other online trading markets such as stocks and foreign currencies.
Platforms that were suggesting trading services on some financial markets to customers, after the crypto appeared, started to adopt several types of crypto coins to increase their popularity. Today, you will find it difficult to look for a financial trading app or platform which does not accept cryptos. This is financially beneficial for them. For more encouragement, some of these platforms have specialized crypto educational tutorials and guides which makes them even more convenient to choose for online trading.
