The adoption of digital assets has become quite rapid over the past decade. More and more businesses are beginning to start their own bitcoin franchises by integrating cryptocurrency into their business in single or multiple ways. Here is a list of top Bitcoin franchises and a few examples of the businesses in this field.
This is one of the simplest methods for any business to incorporate cryptocurrencies in their business and become a bitcoin franchise. Many of the small and big enterprises in various industries across the world have started accepting crypto.
For example, Shopify offers its store owners a payment alternative to accept BTC, ETH, LTC, and 300+ cryptocurrencies. CheapAir, Microsoft, and quite a few others have already started accepting crypto.
Mining cryptocurrencies is another method for entrepreneurs to become a bitcoin franchise. One can begin mining cryptos from their own home with their PC, however, some people have build massive enterprises for bitcoin mining. Currently, the world’s leading producer of bitcoin mining rigs is Bitmain.
Within the crypto mining category, large enterprises have started investing in infrastructure, i.e. warehouses, to run big-scale mining operations. TMGcore is one such large-scale company which is progressing through new innovative mining facilities. TMGcore is utilizing a Two-Phase Liquid Cooling Immersion technology.
HODLing and Purchasing Cryptos
HODLing and purchasing cryptos has led onto creating several bitcoin billionaires and millionaires over the past years. Investing has usually been done at an individual level. However, this trend is beginning to change lately where various bitcoin franchises have emerged which are digital asset management firms.
Grayscale Investments is one such company which has established quite a few crypto investment trusts. These investment opportunities are called grantor trusts and some of the notable offerings are single-asset products and diversified products.
Bitcoin ATMs and Crypto Exchanges
There are various cryptocurrency exchanges which have major stake in the crypto industry. The cryptocurrency exchanges offer liquidity and make the process of buying and selling cryptos for P2P payments simpler. Few examples of this type of bitcoin franchise are centralized exchanges, Bitcoin ATMs, futures trading platforms, and decentralized exchanges.
Few exchanges offer the opportunity to convert fiat-to-crypto, which opens a new possibilities for crypto adoption. Most exchanges provide the service of exchanging crypto-to-crypto.
Bitcoin ATMs are another important part of bitcoin franchise’s ecosystem.
Dapps (decentralized applications), BaaS (blockchain-based service platforms), and a few other crypto and blockchain solutions are also becoming increasingly popular.
These technologies will provide better efficiency compared to their traditional counterparts. Bitwage, for example, offers a blockchain-based solution in the HR/payroll realm, invoicing services for both companies and individuals. Payment funding options are popping up in the market, which will facilitate crypto payments.
As crypto and blockchain technologies improve, BaaS related dapps and solutions are gaining more users and influence in the market.
Can you name any other bitcoin franchises which are not mentioned in the blog above? Let us know in the comments below.