Bitcoin is in the UK: Growing Crypto Adoption
The cryptocurrency industry continues to expand its frontiers. Its recent stop seems to be the UK, following the announcement from PayPal, a leading US payment platform, concerning how British customers can now buy and sell digital tokens.
This extension is a major move for the UK cryptocurrency industry, as the payment company allows its customers to buy and sell tokens for as little £1, which will ensure many cryptocurrency enthusiasts have access to the markets. But beyond the exciting news, what benefit comes with this increasing crypto adoption?
Crypto Adoption and Its Benefits
Cryptocurrency is no longer the next big thing. The industry already is. With billions of transactions happening now and then, it’s safe to say cryptocurrency is now one of the major financial industries in the world. Therefore, its adoption is in full swing. Cryptocurrency companies are making their ways into different countries and sectors to redefine the way we conceptualize wealth. You may be curious about what cryptocurrency has to offer. Interestingly, the industry has numerous benefits.
The first advantage of investing in cryptocurrencies is that the transactions are transparent. For instance, every Bitcoin transaction is recorded on a public ledger, popularly called blockchain. This way, once a transaction is recorded, it cannot be altered. Additionally, cryptocurrency transactions get verified and once they are, hackers cannot manipulate them. This ensures that investors get reasonable protection over their transactions.
Furthermore, when you invest in cryptocurrencies, you have access to your tokens 24/7. This means that once you have an internet connection, you can monitor your tokens and check market updates. Additionally, cryptocurrency investors have complete control over their transactions, as they are independent of third party identities. No private information is released, making it difficult to commit fraud.
More importantly, the biggest perk of cryptocurrency investing is that there’s a chance of enormous returns. When you invest in a token and the price surges, you get to enjoy a sizable increase in returns. Therefore, your goal as an investor is to buy a token when the price is low and sell at a much higher value. This is why PayPal’s cryptocurrency expansion into the UK is a big thing, as the company seeks to make it possible for many more people to access cryptocurrency markets, unlike past times when you needed to be experienced to do that. In the same manner, companies like 1xBit also lead the way in accepting cryptocurrencies as a form of payment for gambling.
1xBit and Cryptocurrency
1xBit understood the importance of cryptocurrencies earlier on and created a model that integrates these tokens into gambling. With 1xBit, you can maximize your cryptocurrency holdings by staking on sporting matches or your favorite games using the best odds. The crypto sportsbook supports up to thirty-three cryptocurrencies, giving you a wide range of options to choose from.
Furthermore, if you’re looking to start your gambling journey on a seamless note, 1xBit is the right place for you. Asides the simple user interface, the platform also offers you up to 7 BTC welcome bonuses following your first set of deposits. Whether you’re looking to stake on the best casinos or your favorite tournaments, 1xBit is your go-to crypto sportsbook. Get started today!