Three years on from the parabolic bull run of 2017, the crypto world is in a very different place. What should we expect in the future as government-backed crypto payments, decentralized finance, and more gain steam? Here are the top four crypto trends to look out for this year. Our recommendations are based on the CEO and founder of the Swiss-based fin-tech startup Aximetria Alexey Ermakov’s choice.
Governments and companies alike are working on projects to deanonymize crypto payments. The United States is already working on a project to develop forensic analysis tools for privacy-focused cryptos, like ZCash and Monero.
Many crypto exchanges and projects will face the regulators. This will mean the de-listing of tokens and projects that do not follow the legal requirements and operate in a grey area. Moreover, exchanges will have to shut shops in certain jurisdictions as well.
State and Corporate Cryptos
Many countries, including Japan, Russia, and France, have announced their plans for regulated state-issued crypto. Furthermore, the list of countries considering to take this step is longer. However, countries wishing to move to digital payments find crypto to be the best way forward.
Meanwhile, many corporations, for example, Facebook, have started wondering whether issuing their crypto would be the right choice for them.
This will lead to less volatility. And crypto will no longer be questioned for their intrinsic values. As a result, all cryptocurrencies will compete in an international open market.
Crypto Purchases With Fiat
With crypto spreading around the world, it will be easier to buy bitcoin and other cryptos with fiat money.
Also, just like we use our bank accounts, our crypto wallets would provide us access to cash through various crypto ATMs. Moreover, the resistance to restrictions will create new DeFi-based P2P currency exchange platforms. Additionally, the platforms will offer services using mobile finance mediums and will enable any user to become an agent.
2020 will see exciting new developments on the crypto front. As it’s time for more prominent players to enter the industry. Besides, this year will belong to better regulation and more crypto adoption.