Moving from trade to practicality
Posted: Tue Apr 22, 2025 9:44 am
Many companies that call themselves cryptocurrency exchanges are actually brokerages. In the 2010s, cryptocurrency investing and currency trading drove much of the market activity. In the 2020s, the market structure should increasingly resemble the traditional financial world.
At the same time, we believe that new companies created in the crypto space will focus more on the benefits and practicality of digital currencies. More and more people use crypto in everyday life (they get crypto debit cards, buy goods and earn money on their sale, take loans and pay for purchases with cryptocurrency).
In 2019, GiveCrypto.org made cryptocurrency payments to 5,000 people in Venezuela. More than 90% of them were able to make at least one transaction with a local store that accepts cryptocurrency or a local viber data withdrawal partner. This indicates that the tools are starting to cross the usability threshold in emerging markets.
Changing Business and the Startup Industry
In this decade, we should see how crypto startups work. Just as offline companies have been actively digitalizing and transferring all processes to the network, businesses should transform and create a global concept of crypto-economy. Crypto startups will be defined by three things:
- business platforms will be deployed on the blockchain;
- investments and profits will be collected in cryptocurrency. In our blog, we have already described how crowdfunding campaigns are conducted in crypto ;
- proprietary currencies will be developed everywhere (possibly as a limited currency for VIP users and shareholders).
Cryptocurrency projects will create global markets and communities at an incredible speed. Gradually, cryptoeconomics will take over a number of countries, digital currency will become a familiar way of paying for purchases and services for ordinary people, new rules and laws will be adopted everywhere.
China has already started digitizing the yuan and is actively investing in blockchain technology. The US wants to catch up and is actively discussing how to digitize the dollar.
At the same time, we believe that new companies created in the crypto space will focus more on the benefits and practicality of digital currencies. More and more people use crypto in everyday life (they get crypto debit cards, buy goods and earn money on their sale, take loans and pay for purchases with cryptocurrency).
In 2019, GiveCrypto.org made cryptocurrency payments to 5,000 people in Venezuela. More than 90% of them were able to make at least one transaction with a local store that accepts cryptocurrency or a local viber data withdrawal partner. This indicates that the tools are starting to cross the usability threshold in emerging markets.
Changing Business and the Startup Industry
In this decade, we should see how crypto startups work. Just as offline companies have been actively digitalizing and transferring all processes to the network, businesses should transform and create a global concept of crypto-economy. Crypto startups will be defined by three things:
- business platforms will be deployed on the blockchain;
- investments and profits will be collected in cryptocurrency. In our blog, we have already described how crowdfunding campaigns are conducted in crypto ;
- proprietary currencies will be developed everywhere (possibly as a limited currency for VIP users and shareholders).
Cryptocurrency projects will create global markets and communities at an incredible speed. Gradually, cryptoeconomics will take over a number of countries, digital currency will become a familiar way of paying for purchases and services for ordinary people, new rules and laws will be adopted everywhere.
China has already started digitizing the yuan and is actively investing in blockchain technology. The US wants to catch up and is actively discussing how to digitize the dollar.