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The Cryptocurrency Conversation

2 min read

Technology continues to evolve, and the pandemic has shown us more than ever that the reliance on technology is here to stay.

In 2020, we had to give some thought to cash and the role it plays in our life. It is germ-infested, a challenge to trace and the U.S. experienced a shortage. It’s certainly safe to say that the future of cash is uncertain––this is where the cryptocurrency conversation begins.

In defining cryptocurrency, NerdWallet.com explains: “Cryptocurrency is a form of payment that can be exchanged online for goods and services. Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. Think of them as you would arcade tokens or casino chips. You will need to exchange real currency for the cryptocurrency to access the good or service.

Cryptocurrencies work using a technology called blockchain. Blockchain is a decentralized technology spread across many computers that manages and records transactions. Part of the appeal of this technology is its security.”

Recovering from ransomware is one of the many crucial ways cryptocurrency is used. This is what forced novices to become experts on the subject years ago. Having a resource to keep computers protected and safe was no longer going to be sufficient; clients and communities needed a bridge for financial technology and the security it offered.

Did You Know?

  • The cryptocurrency market value is expected to reach $1,758.0 Million by 2027.
  • In the second quarter of 2020, there were 18.42 million Bitcoins in global circulation.
  • Bitcoin was valued at $9,165 at the end of June 2020. It broke $30,000 as we entered 2021 – just six months later.
  • The blockchain technology market is expected to reach nearly $40 billion by 2025.

The PCA Technology Solutions team is positioned to serve as your trusted IT partner and take you to the next level – and that might very well mean working together with you to have a full Cryptocurrency plan. While our primary focus is Cybersecurity, Managed IT Services, Professional Services, vCIO Technology Consulting and VoIP solutions, our vision is “to be the trusted leader in World-Class IT Solutions.” So that means we need to be experts on this topic, too. For more information, go to pcatechsolutions.com or give us a call at 833-YOUR-PCA.
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