If you've been following the mobile payments space at all, you know it's exploding right now. Transaction values are expected to more than triple to $721 billion by 2017 according to the latest research from Gartner. That spells HUGE opportunity for cryptocurrencies like **Bitcoin** to capture a major slice of that rapidly growing pie.
As payments expert **Alice Truong** reports in her latest article on **CoinDesk**, this year alone mobile payments are forecast to hit $235 billion, a whopping 44% increase over last year. And the biggest drivers are money transfers, which make up 71% of transaction value, and merchandise purchases at 21%.
But here's the most important insight that Truong delivers:
“Mobile payments are a booming business with hundreds of companies spending millions of dollars to fight each other,” says BitPay CEO Tony Gallippi. “But every mobile payment company has the same two problems.”
Tony Gallippi
Those problems are:
- Mobile payment platforms are walled gardens that don't allow transactions outside their ecosystem
- They don't work internationally for travelers
And that spells a massive opening for **Bitcoin** and other cryptocurrencies to fill the void. Because **Bitcoin** is inherently borderless and not controlled by any central authority, it can enable seamless international payments that today's mobile platforms simply can't handle.
So if you've been on the fence about investing in **Bitcoin**, now is the time to get off the sidelines. The mobile payments megatrend is providing a huge tailwind that could propel **Bitcoin** and select other cryptocurrencies to dizzying new heights in the coming months and years.
My recommendation? Put at least 1-2% of your portfolio into a basket of the most promising cryptocurrencies as a speculation on this trend. My top picks are **Bitcoin**, **Ethereum**, and **Monero**. But there are dozens of others with big potential.
The key is to get in now before the big money starts flowing in and prices really take off. Don't miss this opportunity to multiply your wealth as cryptocurrencies transform the global payments landscape. Your future self will thank you.
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Disclaimer: This content is for informational purposes only and should not be taken as investment advice. You should always conduct your own research and consult a professional before making any investment decisions.
