Bitcoins and cryptocurrencies have come a long way since the first bitcoin was out in the market. But during the time of 10 years since it came into existence, the big question among the masses still remains the same: what exactly this cryptocurrency can be used for and what the future holds for this new form of money.
Let’s See Where We Are Now?
The major misconception about cryptocurrency is that you can only understand it if you are a geek. The majority still believe that it can replace fiat money. Though bitcoins may not be used for day to day transactions but the number of goods and services that can be bought with cryptocurrency is increasing day by day. However, a major issue is that the regulators are realizing that cryptocurrency cannot be regulated like the existing monetary system mainly due to its decentralized structure.
What’s Happening Next?
Cryptocurrency has impacted almost all sectors and its impact continues to grow with more advancements coming on the way.
Payments Sector: It has opened a new world for many regions that were previously unbanked or underbanked (like regions of Africa, South America). This impact is predicted to grow tremendously with bitcoins acting as remittances for many. Cryptocurrency has boosted e-commerce platforms and made payments more secure.
Healthcare Industry: Blockchain and cryptocurrency is going to be a solution to many problems currently faced by this sector. One of the increasing trends in the sector is the creation of a uniform platform for information exchange of health information. More and more health platforms are using cryptocurrency as mean to offer many health related services especially mHealth services. Moreover, with blockchain and cryptocurrency entering the medical sector, ICO (Initial Coin Offering) projects are now easier to launch to due to the ease it provides in raising funds for the projects.
The Playpal Package: Consolidation, AI, Blockchain and Cryptocurrency
Playpal blends in all future components of technology together with the classic aim of fulfilling all health needs of an individual. With its AI powered model, Playpal has successfully created a platform to consolidate all health data of an individual across multiple platforms to create a more meaningful picture of the user’s health and offer tailored health recommendations by using this data. Playpal is the future of digital health-tech. Together with blockchain and cryptocurrency, Playpal creates a complete gamified health ecosystem driven by tokenization that offers much more to the end user than a standard mHealth app would. In fact, thanks to Playpal’s partnership with the HIECOH Wealth Foundation (which issues its health cryptocurrency to Playpal), its users can now earn real-life rewards for consistently adhering to its recommendations.
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