The banking sector

While it may seem contradictory that the banking sector could benefit rather than be affected negatively with the growing popularity of cryptocurrency, it is not. The banking sector has all the abilities and resources needed to benefit from this rise. In the near past, banks were trying their best to stay away from Bitcoin or other crypto, but now, the Wall Street bank Goldman Sachs, is working on the first Bitcoin trading desk of any major bank, as per the New York Times. It is also said that this initiative could allow more cryptocurrencies to join that market. The number of bank clients that intend to start using Bitcoin as a product like gold is growing with time. Other banks might not rush to join this venture as they could believe it is a fraud. Banks have decided to be aware of the risks that this venture could have. For this reason Goldman Sachs need to do things right to attract other banks.

Online casinos and sportsbooks

Online casinos have found success after starting to use Bitcoin, and a number of them are becoming specialized in cryptocurrencies only. The reason why these casinos are becoming more popular is because cryptocurrencies are protected from the dangers of possible recessions of Wall Street markets such as what happened in 2008.

You can use many payments methods while playing in online casinos, and lots of them do offer free spins of bonuses for their costumers as soon as the join, however, users who adopt cryptocurencies such as Libra, Bitcoin or others, have more benefits. More clients are attracted to online casinos and sportbooks that adopt cryptocurrencies, because the technology offers security and speed of transactions.

Food and restaurant industry

Yes, restaurants are starting to accept cryptocurrencies or looking into adopting that new way of payment. The first acceptance of Bitcoin for a restaurant transaction was done after a pizza delivery to a man who wanted to test out this payment method. The amount he paid back then is considered to be of a 2,000,000$ value today. However, the industry is still hesitant as the fluctuations in value of cryptocurrencies is ongoing depending on the world markets.

KFC Canada has been recorded to start accepting Bitcoin as a payment method for meals, and it is expected that there could be an expansion to start using the currency. 

The upcoming years could mean a lot to the development of the cryptocurrency market, and the industries affected could change a lot due to that. 

Source:

https://cultbizztech.com/industries-cryptocurrency-boom/