A recent study by Technavio shows that cryptocurrency, such as Bitcoin, will continue to grow over the next four years.
Cryptocurrency, which grew by 622.7% in 2014, makes payments using an encrypted code that can be transferred digitally. Early adopters praise the ease and security of these transactions, as they do not require repetitive authentication like cash and traditional card payments. Also, payments are instant and do not incur service charges.
The leading cryptocurrencies are Bitcoin, Litecoin, Ripple, Peercoin, Namecoin, and Novocain. Bitcoin is considered the top digital currency.
“Investors believe that Bitcoin is a safe option to invest in as it has gained a large market share with a higher acceptance rate than any other cryptocurrency. The market for Bitcoin is expected to witness significant growth over the next four years as a huge trust factor is associated with these coins,” says Ujjwal Doshi, a lead analyst at Technavio.
http://www.lowcards.com/cryptocurrency-on-the-rise-42702