You must have heard about Bitcoin and other cryptocurrencies. But, do you know the underlying technology behind cryptocurrencies? Well its called Blockchain.
Blockchain technology is a decentralized, distributed, and sometimes public, digital ledger that is used to record transactions across many computers so that any involved record cannot be altered retroactively, without the alteration of all subsequent blocks.
Congressional Blockchain Caucus Committee – CBCC Summit
With this technology a lot of new companies are emerging. Not only that, many existing giants are employing the use of blockchain in their technical infrastructure.
Google, Facebook, Amazon, HP, every big name is already testing this technology and some reports suggests that by 2022, most of the giants will be completely relying on blockchain tech.
Well, time will tell about that, but, today, there are many sites, shops and ecommerce stores that integrated blockchain technology in their systems. And with this they are able to accept payments in crypto.
For example, Mountain bikes, can now be purchased with your Bitcoin or Ethereum directly. You don’t have to convert your crypto to real cash.
You can simply visit your favorite ecom website, search for Best Mountain Bikes under $500 and buy the best one with your Bitcoin.
How amazing is that?
It is estimated that many other stores and products will also be allowing users to purchase items directly using cryptocurrencies, thus saving money and time while keeping the transactions safe.
Recently A Product reviewing Site Wowconsumers listed the product prices in BTC
At Annual conference of Congressional Blockchain Caucus CBCC Suumit. Tech Gaint & Ecommerce stores started accepting payment in Crypto, few Official Mentions from the event.
- Best Laptop brands – One Amazon Seller Listed all 6 Top branded Laptops in BTC Pricing.
- Best Bowling Ball 2020 – Bowling Competition in Newyork offered Winner Cash Prize in Ethereum
- A 9 Year Old Kid asked his father 2 ethereum to gift $100 best RC cars for his little brother.
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