There are many cryptocurrencies in existence, but Bitcoin has continually performed better than its competitors. Bitcoin is accepted by more merchants and available on more exchanges than any other cryptocurrency. Let’s take a look at some of the critical factors that are driving Bitcoin’s market dominance.
There’s a reason why bitcoin is always on the receiving end when some crypto news hits the market. Due to its market value and capitalization, Bitcoin is seen as a more reliable digital asset that more and more businesses continue to adopt.
Another reason why Bitcoin always comes at the very top is its liquidity; the ease of buying and selling this digital asset without affecting its price makes it not only competitive but also sustainable.
Fintech Apps and Cryptos
Over the last decade, Fintech startups have shown great interest in monetizing their Apps by offering cryptocurrencies to users. Some are even rewarding their customers with special offers and cashback for purchasing crypto through their platform. These developments have led to some of the larger Fintechs shifting their focus to popular Cryptos like Bitcoin.
Square’s Cash App is one of Fintech’s larger crypto success stories. In its recent earnings report, Cash App made $306 million in bitcoin revenue, representing the first quarter’s highest growth since it was launched in 2018. This is according to CoinDesk.
Revolut, a London-based Fintech, began offering crypto in 2017 when it partnered with Bitstamp. In February, the company was valued at $5.5 billion after raising $ 500 million. Robinhood, a US-based Fintech App, is also making waves in the crypto space.
Perhaps the most recent news that shocked the crypto market is the expected move by PayPal to offer direct sales of cryptos to its 325 million customers.
With this and the needs of our customers in mind, we’ve made it possible for you to convert prepaid cards into Bitcoins using the Prepaid2Cash app. This crypto alternative will solve some of the common issues when cashing out Prepaid Cards. Still, it will usher you into the world of cryptos, where you can explore the market with your share of the highly-valued digital asset.