Digitization has affected the physical world as well as the digital world itself. The impetus of the digital revolution is so effective that the organizations which were unaware of this platform are now using the platform to their advantage and are even suggesting the platform to other people. One of the greatest boons of the digital revolution is the advent of cryptocurrency and even in cryptocurrency is the invention of digital currency named Bitcoin. Bitcoin changed the traditional ways of investment and trading. Also, the invention of bitcoin led to the invention of related entities known by the name of blockchain and mining. The Bitcoin Motion Official Website is a safe and reliable platform and has strict security measures. Hence, you are sure that your investments will be safe.
People are actively associated with the trading of bitcoin so much that daily, many people the count of which is around millions actively participate in the online trading practice and are making some significant returns as well. So, bitcoin has affected their lives to some extent that is mostly positive.
Wipro is a multinational company that has its roots associated with India. It serves its services in IT, consultancy, and other services mostly related to IT firms and solutions. Being multinational it has crores of turnover so money and financial transactions are quite a concern for the organization. Bitcoin being a financial source has a serious effect on the company and as a result, it should be studied with great care. In this article, we are going to study the effect of bitcoin on the digital platform of Wipro and other titbits associated with it.
Bitcoin and its effect on the industry
Bitcoin usually comes with other coins associated with it. Those coins are blockchain and mining. Blockchain itself has set up a benchmark of security and encryptions so that the data that is uploaded to the server is there for eternity and that too secured. No one over the network will be able to erase the data over the servers and as a result, many companies are changing their cloud storage to that of blockchains. The effect of bitcoin on Wipro can be estimated to be significant from the fact as well that in 2017 when the blockchain and bitcoin industry was booming some ill deed scammers asked for 500cr in bitcoin from the Wipro company and as a result the company started cautious approach towards the cryptocurrency and its derivatives.
Effects of bitcoin on Wipro
We are very well aware of the fact that bitcoin has become a widely used digital asset in the world. So, people believe in investing in bitcoin for their services rather than searching for other platforms for the services associated. The revenue of Wipro is affected due to this step and this was seen remarkably in the sheets of Wipro in previous years. Those users who believed in Wpro for their IT solutions are now switching their interests to other crypto-based solutions like bitcoin for their solutions. Moreover, the services provided by bitcoin are not just limited because being a P2P network there are many years associated with the platform and across the globe. Thus, the service provider could be from anywhere in the world, and as a result, the customer can decide between the service required and that too depending upon the performance of the entities involved.
Thus, it can be easily seen from the facts put up above that bitcoin has seriously affected the platform of Wipro. Another reason that supports this fact is that there are issues of security with the company as said earlier and bitcoin-backed up by blockchain provides better security options. Thus, in short, bitcoin is a better option than Wipro for IT enthusiasts.