AntumID is going all in on Digi-ID. Yesterday, they sent out a tweet stating that they are doing away with classic logins in favor of DigiID. This means that for anyone looking to use AntumID can only do so via the Digibyte blockchain. This is a big deal for Digibyte (DGB) investors for a number of reasons.
First, it gives credence to Digibyte (DGB) as a serious cyber security too. That’s because, AntumID is big, and has a significant presence in Europe, especially in Belgium. In essence, the fact that they are using DigiID in place of the email login is likely to attract attention to Digibyte (DGB). This could see other organizations take it up as well, and increase the usage of Digi-ID.
On top of that, with the transition to Digi-ID, users of Antum will take a bigger interest in Digibyte (DGB) as an investment. It is one thing to hear about Digibyte (DGB) and all its capabilities, and it’s another to see it in action. When people see how it works first hand, and understand how secure it is relative to the traditional email and password logins, more people could be drawn to invest in Digibyte (DGB).
In essence, this move by AntumID is actually a bullish signal for Digibyte (DGB). The crypto bear run will not last forever. Ultimately, the market will turn again, and high utility cryptocurrencies will gain the most value. Through AntumID, Digibyte (DGB) has proven itself to have a massive utility value in cybersecurity. In the future, Digibyte (DGB) adoption in this area could increase significantly. For instance, IoT is one fast growing market that will demand top-notch security going into the future. That’s because when critical machines are communicating with each other, then a security compromise could be catastrophic. In essence, unbreakable security solutions like Digibyte are likely to thrive in this emerging environment.
This makes Digibyte’s prospects for exponential growth quite high, when combined with its other use cases. For instance, as a currency, Digibyte (DGB) works quite well. It is fast, secure, and has very low transaction costs. This makes it perfect for value transfer over the internet. In fact, with its capabilities, it rivals existing payment methods by a huge margin.
So how high can Digibyte (DGB) go? Well, that’s hard to determine but it could hit a dollar at some point in the next decade. The ability to penetrate a multi-trillion dollar IoT market with security solutions could push it there. Solutions like the one that AntumID is using could at some point be integrated by other companies that have a more global reach. For instance, if a company like Facebook were to use Digi-ID as their primary tool for user verification, it would be a big deal for Digibyte (DGB). Such prospects makes Digibyte (DGB) a high potential crypto even under current market conditions. The future is bright for Digibyte (DGB). Not many cryptos have the capabilities that Digibyte (DGB) has, and ultimately, the market will appreciate it.