One day in the fall of 2016, I decided on an impulse that I was going on a road trip across the country.
So I mapped out a trip that would take me across a bunch of Northern states, down through Yellowstone National Park and back across the middle of the country, stopping at several national and state parks along the way.
Yes, it was a solo trip. If you think that’s a little crazy, you’re not alone. And I’m OK with that.
Anyway, baseball season had just ended, and I made some extra money from bets I made at the beginning of the season. Perfect for hotel costs!
The easiest way to redeem that money was in bitcoin. So, I began to look online for hotel websites that would accept payment in cryptocurrency.
I couldn’t find any, but I did find the next best thing: A website called Gyft sold Hotels.com gift cards, and it accepted bitcoin.
Just like that, I’d spent crypto for the first time.
Looking back, if I had waited a year, my bitcoin would’ve been worth enough that my road trip could’ve been an international one. But I still had a good time.
Now we’re seeing cryptocurrencies become a part of the digital payments revolution, which has been going on for years.
An Enormous Growth Opportunity for Digital Payments
Only 13% of people in Sweden said they used cash for a recent purchase. And with the internet spreading rapidly in developing countries, we’re going to see this more and more.
In 2018, there were 360 million new internet users around the world. And since 2000, countries such as Vietnam, Nigeria and Bangladesh have seen growth rates in their number of internet users ranging from 31,900% to 91,961%.
Less than 1% of the population in the countries in the chart below had internet access back in 2000. However, the number of people with internet access has grown exponentially. For the full story go to banyanhill.com