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Is cryptocurrency the money of the future?
Just because bitcoin and other cryptocurrencies haven’t taken over as the top tender doesn’t mean you shouldn’t pay attention to their influences in the furniture and mattress business.
Already, companies like Eight Sleep and Overstock are allowing people to pay using crypto.
There are two main terms that’ll help you understand this emerging form of money.
Cryptocurrency (like bitcoin) uses digital files as money. Online ledgers, known as blockchains, secure these online transactions.
Blockchains are open, distributed ledgers that can record transactions between two parties efficiently and in a verifiable and permanent way.
Once you set up a digital wallet and stuff in some crypto, you can pay online for goods and services. And there seem to be a lot of people interested in this emerging form of money, which means crypto-millionaires are in the making and soon they’ll need a new mattress.
The superhero of sleep, Andrew Schlesser, stopped by the Dos Marcos Show to talk about how he sees crypto making its way into the mattress industry.