The rapid rise in cryptocurrencies has significantly influenced the world, and the demand for Bitcoin and its alternatives continues to grow. This technology was launched in 2009 – and during that time, not many believed it would shape the future.
But we have what we have: blockchain technology drives multiple businesses and its impact will strengthen even more in the following years. Even though it affects all sectors, some are more likely to benefit from interaction with cryptocurrencies. Let’s discover which New Zealand industries will be hit with blockchain in 2025.
Financial Industry
Undeniably, Bitcoin changed payments forever with instant, hassle-free money transfers that can be held in numerous industries. Several years ago, no one believed in cryptocurrencies’ success, and here we are now. People can go shopping using their crypto cards, purchase real estate, make online purchases with a few clicks, etc.
Transparent money transfers without intermediaries are becoming more popular globally, and it’s projected that more users will leave fiat currencies and switch to crypto payments the following year.
iGaming Sector: Online Casinos
Cryptocurrencies have brought truly limitless opportunities to gambling enthusiasts, and the influence of the decentralised financial system will strengthen even more in the future. Crypto casinos, especially $1-5 deposit brands, are becoming increasingly popular in New Zealand, offering players a convenient, low-cost way to access cutting-edge gaming platforms with enhanced privacy and security.
Crypto players of online casinos with $5 payments can enjoy hassle-free crypto payments, amazing game collections, massive bonuses, and instant payments that boost their experiences. Such casinos provide an affordable and accessible option for players, combining the benefits of blockchain technology with the excitement of online gaming, even for those on a budget.
Bitcoin and other tokens are available on a limited number of gaming platforms, but it’s predicted to grow in the following years. Besides the possibility of proceeding with instant deposits and payouts in online casinos, blockchain allows digital ownership to gain momentum in the iGaming sector.
The concept of NFTs is not new to the industry, but it has become more in demand in the last year, and experts predict that more iGaming operators will follow this trend soon.
Insurance Businesses
This might not be evident, but blockchain can significantly boost insurance companies’ potential. The industry is highly competitive, and many companies just cannot survive in line with market giants. In this case, implementing the technology can become an advantage for the business. Blockchain can boost transparency in interaction with customers and mitigate risks associated with fraud.
Moreover, smart contracts integrated into crypto like Ethereum can automatize multiple processes, allowing insurance companies to save costs. In this case, operational expenses will be reduced, and businesses can potentially target more markets.
It’s especially beneficial for developing countries with bad social climates. While many people cannot afford insurance at the moment, implementing blockchain will make the service more affordable to millions of people globally.
Real Estate Companies
Purchasing properties using Bitcoin and its alternatives is already common in 2024, but most buyers still prefer fiat currencies. However, blockchain has a promising future in the industry. All negotiations and peer-to-peer transfers are held through smart contracts, decreasing fees.
Buyers and sellers need no intermediaries during transactions, which allows them to make instant agreements. Like in other sectors, blockchain guarantees transparency and eliminates the possibility of fraudulent activities. We are confident that more people will be happy with the chance to conduct business without third-party intervention.
However, this innovation can negatively affect the banking sector, which can witness a decrease in revenue due to the lower number of real estate money transfers.
Healthcare Establishments
This sector is rapidly developing, and at first glance, implementing blockchain is not suitable here. However, it’s a false opinion – there are so many benefits the technology can bring to the industry. First, storing patient data in blockchain is secure, and institutions can exchange information instantly, if necessary.
This also concerns clinical trials and other important details that can be kept private without the risk of third-party access. Moreover, it’s a convenient way to conduct drug authentication and improve data accuracy quickly. Like in real estate, this implementation can help healthcare organisations significantly decrease operational costs and invest them in enhancing the existing landscape.
E-commerce Sector
E-commerce is another sector where blockchain is becoming an indispensable tool. The technology allows companies to automatise chain management and make all operations more effective.
All agreements are held in smart contracts in real-time and allow businesses and their clients to avoid disputes and payment delays. Transparency and enhanced security are the blockchain’s main benefits in all industries, and e-commerce is no exception.
The Final Word
The blockchain’s impact on New Zealand and other countries will grow in 2025. The system brings more benefits, including transparency, reduced business operations costs, and trust among potential customers. The integration of NFTs into online gambling is also expected to gain traction, offering players unique digital assets, enhanced gaming experiences, and new ways to invest in the industry.
In addition, some sectors will become less competitive: for instance, insurance companies can manage their operations using blockchain and get more revenue to target more markets. All in all, experts predict a rapid rise in cryptocurrency usage the following year.
