Is Bitcoin about to soar to new heights?

By August 25, 2016Bitcoin Business
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The internet’s number one e-currency is already making waves in financial markets, but as yet there is still a high percentage of businesses that are unaware of Bitcoin’s potential. The time is ripe for a sole internet currency, and with virtual reality around the corner it could be the perfect opportunity for Bitcoin to rise to the next level. Here are a few reasons why.

The internet has opened up the world so that countries are no longer confined to themselves. Communication, retail, and gaming can all now be done on a global scale. The fact that most payments online are still made in a certain country’s currency now seems unbelievable. With technology progressing at such alarming rates, why are the methods of payment so dated? Just as email is the internet’s answer to sending letters, an e-currency is surely going to become the sole form of internet payment in the near future.

Some online businesses have already begun to embrace Bitcoin, in an attempt to get ahead of the curve. This could be a wise move because they will be at the forefront of the potential revolution, and also because people talking about Bitcoin inadvertently promote these businesses. The online casino sector is such a booming market, and many sites have now decided to switch to Bitcoin in order to offer players something different from the norm.

Another benefit for casino site operators that have switched to Bitcoin is being able to offer great bonuses. With Bitcoin payments there are no transaction fees, so sites can pass these savings on to their customers in the form of bonuses. A 100% bonus up to 1 BTC is a popular Bitcoin casino bonus, and some sites also offer free spins on their games in addition to this.


The massive technology innovation of 2016 is virtual reality, and it looks as though this could change the way the internet is used. Facebook founder, Mark Zuckerberg, has said he wants all his Facebook users in VR as soon as possible, and there are plans to create VR chat rooms. Casino games are also getting a VR makeover, and Microgaming has already received an award for its VR Roulette game.

With VR meet-up settings possibly including places like virtual casinos, virtual bars and virtual shops there is the potential for people from different countries to slip on their headsets and meet in the same place. Surely there has been no greater need than now to switch to an e-currency to use in these situations. If there are going to be hundreds of different nationalities congregating in the same virtual areas, they need to have a virtual method of payment. This is where Bitcoin can step in, because the currency is already ready to be used on a mass scale.

As yet, nobody knows just how big a hit virtual reality will be, but it seems as though businesses that are already dealing in Bitcoin will be one step ahead of the rest.

Cover Image: Bitcoin (CC BY-SA 2.0) by zcopley

In-Article Image: “Oculus Rift” (CC BY 2.0) by college.library

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