If you have been keeping up with recent trends in the crypto sector, you can agree that 2024 has been one of the special years for this industry. From the recent approval of EFTs in countries like the US to more users adopting digital currencies, this industry has really grown. And if we were to look at the statistics, Exploding Topics approximated the number of crypto users to already have surpassed the half-billion mark—an increase of more than 110 times from 2016.
And, of course, in such an industry where innovation seems to be the order of the way, you want to always know what to look forward to. It could be knowing the prices of currencies, legal frameworks, or whatever that may be. Such information can really be helpful when making investment decisions. For instance, check out the Bitcoin price prediction 2025 which can be one of the great ways to stay ahead.
Therefore, if you are really looking forward to what the crypto industry will be like – not just in 2025 but even beyond – you have just arrived in the right place. In this article, you will learn about the potential things to expect in this sector and other fascinating facts.
Increased adoption by many businesses
It is common knowledge that more businesses are adopting crypto because of its many benefits. Chief among them is the fast and cheap transactions that users can enjoy. Instant gratification has become a prevalent need in the business world. Like, for example, a recent study by Parcel Industry revealed that about 69% of consumers were paying more for next-day delivery while another 61% paid for same-day.
No wonder many businesses are adopting digital currencies into their wallets to cater to such preferences. The decentralized nature of this technology allows transactions to be recorded securely, as they are verified across several nodes on the entire network.
According to Deloitte, 77% of businesses were going the way of crypto because transaction fees are quite low. Another 85% were integrating crypto payments as a way of reaching new audiences.
We have already seen that the number of crypto users is rapidly increasing, presenting a great opportunity to reach new markets. There are those customers who will want to transact with a business just because it offers crypto payments – which will encourage more businesses to adopt such experiences in 2025 and the years beyond.
Crypto in the mobile phone industry
Have you heard of Up Mobile, one of the first blockchain-based mobile devices that offers AI advantages? This phone is just a testament to the growing influence of crypto in the mobile phone industry. Movement Labs partnered with Up Network to create a device that prioritizes security and privacy.
This came at a time when Movement Labs had just raised about $38 million to adopt Facebook’s Move Virtual Machine into the Ethereum network. A recent report revealed that more than 10,000 people were waiting for the phones. The team also planned to distribute more than 100,000 phones by the end of 2024.
That’s not all. Solana is also planning to launch a second crypto phone, Solana Seeker, in 2025. You’d be surprised to discover that the phone is already drawing significant attention, with a recent report confirming more than 140,000 pre-orders. Solana Seeker aims to give users an experience of a lifetime through its light body, bright screen, and top-notch software.
After all, who does not fancy positive customer experiences? Imagine the possibility of sending transactions with just a double tap – that’s what you will enjoy from Seeker’s mobile-first wallet.
Regulatory transformations
Just at the beginning of this year (2024), we saw the US SEC approve several Bitcoin ETFs. This was followed by another approval of Ether ETFs later in the year. Of course, from the price performances of the currencies, you can tell that these approvals positively affected the industry.
Bitcoin, for instance, recorded its highest high in history a few months after the SEC’s approval. Some experts believe that the approval’s effect might linger for some time in the coming years. If that holds water, we may see more investors drawn to the industry for the next couple of years.
In other news, Ukraine’s chairman for the Verkhovna Rada Committee on Finance, Taxation, and Customs Policy confirmed that the country had plans to legalize crypto towards the first half of next year. This came just after the National Securities and Stock Market Commission (NSSMC) presented a proposal document on crypto taxation to representatives from different government agencies. Part of the proposal was introducing an 18% tax on profits from crypto-related activities.
Brazil is also opening up to crypto technology. Early this year, the Brazilian Central Bank said it would launch its own digital currency by early 2025, and it will be joining more than 100 central banks that have turned to crypto to improve their economies’ money supply.
Parting thoughts
While you may think that 2024 was a conducive year for crypto, 2025 seems to be even better. There are the pending CBDCs that are to be launched in different nations like Brazil, the countries planning to legalize digital currencies, and so on.
What’s more, we are likely to see more businesses accepting crypto payments to improve customer experience. All these facts point to a brighter future in the crypto industry, not just in 2025 but even in the years to come