Cryptocurrency has become one of the biggest talking points in finance and technology. If we’re looking at the rise of crypto and how it’s changed the tech industry, we’re primarily looking at one aspect – fintech. If we’re looking at cryptocurrencies, we also can’t ignore blockchain which facilitates the trading of digital currencies.
When the man on the street thinks of tech, they most commonly think of smartphones and the internet. Yet this decade has also seen the emergence of AI, probably the most talked about development of the past 50 years.
Despite being around for more than two decades already, crypto has steadily become more relevant in recent years. This may have something to do with the eye-watering prices some cryptocurrencies are trading at, or it could be due to the downturn in many western economies.
Currency trading using Blockchain technology
The early years of cryptocurrency were defined by a hardcore set of coders and traders transferring digital payments to each other. Bitcoin’s intrinsic value stems from blockchain technology. Blockchain allows crypto transactions to be visible and unamendable without third-party security systems, such as the ones used by central banks.
Blockchain technology is what gives cryptocurrency its value, at least as far as currency trading goes. However, for you and me, the real value stems from where and how we can use cryptocurrency as a viable asset.
Recently, cryptocurrencies have emerged as viable means of transacting with the gambling markets. More and more online casinos accept crypto payments, some only accept crypto. This has massively boosted most peoples understanding of digital currencies and increased their willingness to use them.
The expert reviewers at CasinoMeister understand how withdrawal times and transaction speed can impact the quality of a casino brand. While the majority of casino gaming transactions use traditional financial systems, the surge in cryptocurrency and Bitcoin has resulted in millions of people turning to blockchain.
Innovations in decentralized finance
In the early days of online banking, the only way to send a cross-border payment involved extensive checks, fees, and losing money in currency exchanges.
Although the international banking system has become better at handling these payments, completing transactions within a couple of business days, it still pales in comparison to the efficiency of cryptocurrency.
Utilizing the blockchain, users can send instant payments anywhere worldwide for a minimal fee. This technology is so far ahead of what is currently in the market that technology companies, especially fintech companies, need to adapt to these innovations.
Innovation cultivating mass change in finance and tech
Once it became clear that cryptocurrencies were in the driving seat, causing legacy fintech companies to sit up, they had to deal with a threat that hadn’t been posed before. While it might be the norm now, a few years ago, the cryptocurrency industry did not have the legitimacy it has in 2025.
It wasn’t a case of traditional banks and fintech companies facing off against each other. It was a cryptography-based blockchain allowing people to send money more efficiently and cheaper than they had been used to for years.
Altcoins, such as XRP and Ethereum, then emerged as a threat to Bitcoin’s dominance. Innovative cryptocurrency companies have transformed the way financial ideas are marketed. Many lean heavily toward social media and change how marketing companies interact with tech companies, too. Some even prioritized their social media over legacy ideas such as TV and radio.
Final thoughts
Sometimes, an innovation comes along and completely changes the way an industry operates. Cryptocurrency and blockchain are fast becoming unimaginably important, especially in financial circles. Blockchain technology and cryptocurrencies have exposed just how much scope there is in the financial system to improve its methods.
Cryptocurrency has changed the tech industry because they couldn’t admonish it anymore or pass it off as a weird, cult corner of the dark web. Blackrock invested, companies like Microsoft and Tesla allowed it to be used as currency, and countries like El Salvador allowed their citizens to use it as legal tender.
With the incoming changes in the US set to bolster the industry further, technology will have to continue adapting to this ever-growing marketplace.
