Investing in Ethereum: What to consider

Ether (sometimes called Ethereum) is a cryptocurrency, initially meant to be used by developers using the Ethereum blockchain platform. Introduced in 2015, the currency quickly rose in popularity, reaching billions of dollars in market cap and solidifying itself as the second most popular cryptocurrency after Bitcoin. Since sentiment to the cryptocurrency market as a whole is dictated by Bitcoin, the general acceptance of this newer currency could be credited in part to the creators of Bitcoin.

Roughly 95% of all global currency has no physical form, and exists digitally. The western world’s gradual transition towards a walletless economy means that the idea of a currency needing physical coins and notes is fading away. As the use of digital currencies becomes more widespread, cryptocurrencies could be accepted as payment by an increasing number of businesses. Therefore, alongside Ether being used for applications made on the Ethereum platform, it might also become widely used as a form of payment.