Current Facts about Bitcoin: It Is Having an Impact

Dateline: September 8, 2017

Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend.

Recently Josh Wardini, the Community Manager at WebMasterJury, shared an interesting Bitcoin Infographic.  Most of you know about Bitcoin by now, but it’s one of the first cryptocurrencies, based on blockchain technology, and is celebrating 10 years of existence.  Josh’s infographic shares a number of interesting facts about bitcoin including:

  • 1% of the bitcoin community controls 99% of the wealth
  • Potential annual savings for banks utilizing blockchain technology is $8-$12 Million
  • All data from Bitcoin transactions is transparent and can be seen on the Blockchain
  • By July 2017, 16.4M Bitcoins were in circulation
  • Companies accepting Bitcoins include Dell, Expedia, Dish Network, and Microsoft.  The number of merchants accepting bitcoins has grown to over 82,000.
  • There are 1354 Bitcoin ATMs worldwide in 55 Countries.

What is your view of Bitcoin and other cryptocurrencies?  Are they mature enough to be incorporated into your company’s financial strategy?  

That’s a WRAP!  Have a great weekend!

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