Over the last decade, cryptocurrency has become popular as a new significant global trend, but there’s still much that should be uncovered about this dynamic technology, as activist investor Jason Hope shares. Recently, cryptocurrency has attracted a lot of attention after the value of Bitcoin dropped by 30%.

Other cryptocurrencies also experienced a decline in value following a statement on the Chinese Banking Association’s website that cautioned financial institutions against using digital currencies due to their volatility. While some might view this as the end of the crypto market, Jason Hope sees it as a natural progress in the evolution of Blockchain technology. He believes crypto is transforming future businesses. Read on as we discuss why Jason thinks Blockchain still has a future.

The Promise Of Crypto For E-commerce

As the e-commerce market grows, there is an increasing demand for digital currencies. According to the successful business leader´s research, transactions made through cryptocurrencies are either fee-less or charge fees as low as 1%. On the contrary, credit card companies and payment apps like Stripe charge transaction fees on each purchase; Jason Hope believes that the absence of transaction fees through digital currencies will bring a great shift in the future of e-commerce businesses. 

Faster Confirmations For Transactions

According to Jason Hope, delayed bank transaction confirmation is a drawback for businesses. For financial institutions to confirm a transaction, people must wait for long hours, even with electronic fund transfers. However, research shows that cryptocurrency transactions are much faster as they are all done electronically. 

The confirmation message arrives quickly, allowing the deal to be finalized right away.  Conclusively, the accurate business futurologist believes that Blockchain technology is here to stay and change the business industry. Jason Hope predicts that the currencies will soon be stable enough, and companies will benefit from them.