Despite recent volatility, cryptocurrencies are rebounding nicely. Investors continue to scoop up the online currency, skyrocketing the value higher and paving the way for the currency to become a standard medium of exchange worldwide. The U.S. Blockchain Association named a long-time Irish cryptocurrency advocate to its board of directors. It’s a move that highlights the international reach of the currency, even as major online companies are accepting the digital assets as a form of payment.
Jillian Godsil joins the U.S.B.A. to help create opportunities and jobs, working in alliance with similar associations around the globe. As a leading journalist and blockchain authority, Godsil travels the world educating audiences about this monetary phenomenon that is transforming the way businesses buy and sell. The blockchain association is creating a worldwide cryptocurrency payment system by installing 50,000 crypto-ATM machines and sales terminals.
These forward-looking plans come in concert with major increases in investment activity. The value of the cryptocurrency market is an astounding $258 billion, as of publication. Two major players, Bitcoin and Ether are up to $7,160 and $413, respectively.
Several major corporations are accepting the cryptocurrency as a means of payment for goods and services, including PayPal, Expedia, Overstock, and Microsoft. It’s a sure sign that the online currency may be here to stay. Overstock accepts Bitcoin, Ethereum, Dash, Litecoin, and Monero. An outside company completes the transactions, converting the currency within seconds. PayPal, Microsoft, and Expedia accept Bitcoin.
Major stock exchanges are jumping onboard the cryptocurrency bandwagon. German stock exchange Boerse Stuttgart is promoting its new cryptocurrency infrastructure that allows for initial coin offerings or ICOs. The owner of U.S.-based New York Stock Exchange, Jerry Sprecher, announced a major venture that will use Microsoft’s cloud to create a global system for selling, buying, and spending digital assets. Cryptocurrency appears to be on its way to becoming the first global currency.