When Will Bitcoin Achieve Mass Adoption And Is It Even Possible
Mass adoption is a frequent topic of discussion among the members of the Bitcoin community. There is virtually no disagreement about the fact that Bitcoin would eventually go mainstream and that it would be a great thing. Having a larger user base opens up more and better business opportunities, increases the demand for Bitcoins - and, by extension, their price. It also makes it more feasible for business owners to enable Bitcoin payments at their stores and brings other countless benefits to the participants of the market. However, there are many wildly differing opinions out there when....
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Even though many people see cryptocurrencies as speculative vehicles, the concept was created for an entirely different purpose. Unlike TradFi, crypto wants to achieve mass adoption and establish financial inclusion. Moreover, it still has the potential to become a more stable and sustainable form of finance, although there are some bumps along the road. The […]
In the last year, stablecoins have gone from representing just a tiny fraction of global cryptocurrency trading volume to more than half of it. This, because more users than ever before now use stablecoins to exit volatility, invest, and make payments. But in order for stablecoins to truly achieve mass adoption, they need to appeal […]
Bitcoin is the most secure network in human history. Without the security and immutability unique to Bitcoin, DeFi will never achieve mass adoption.
Some Bitcoin marketers and advocates have conflated mass adoption with mass appeal; the two, however, are not the same. That’s according to Reynaldo Poullard, founder of Austin-based non-profit Cyberfunks Alliance, which will be holding its inaugural event series, Bitcoin Awakens, on November 6, in partnership with the Central Texas Food Bank in East Austin. With around 46,000 Central Texans, one-third of them children, lacking nutritious food each week, the funds raised during the event will help them gain access to food that they wouldn’t otherwise be able to afford. The concept behind....
"Everyone thinks bitcoin is the currency of criminals." According to Alasdair Rambaud, senior vice president for payment solutions provider CardinalCommerce and a self-proclaimed bitcoin user, this is the only factor prohibiting bitcoin from mass adoption. Rambaud believes that "most large merchants" in the US are currently looking into accepting bitcoin as payment, and that the reasons go far deeper than the publicity that can be gained. Rambaud told CoinDesk: "I don't see any other barriers to mass adoption of this aside from the image. It's easy to use, super transparent and you don't....