
For Bitcoin To Grow, Barriers To Retail Adoption Must Be Overcome
At Bitcoin 2022, a panel of experts discussed accelerating retail involvement in BTC and how to onboard 100 million people.A panel moderated by the managing editor of Blockworks, Michael Bodley, focused on how to onboard retail into bitcoin at scale. The panel had an array of experienced speakers such as Johnny Ayers, Aparna Chennapragada, Tushar Nadkarni and Tom Pageler, all with clearly defining specialties in approaching retail. The conversation focused on user experience and accessibility, and also discussed the need for belief in a better system. At Bitcoin 2022, a panel moderated by....
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The Netherlands is often seen as a region where regulators are doing their best to keep up with financial innovation. IN the Bitcoin world, this has lead to a healthy startup ecosystem in the country, with clearly defined taxation rules. But a new report from Holland FinTech touches upon several barriers that are preventing future growth in The Netherlands, which include regulation and collaboration with financial players. Making FinTech Grow In The Netherlands. Even though the report mentions how the FinTech industry is doing quite well in The Netherlands, there is always room for future....
While it may be one of the most popular sectors within the crypto market, decentralized finance still has barriers to overcome before reaching mass adoption. Decentralized finance (DeFi) is a growing market popular with experienced crypto users. However, there are some roadblocks regarding mass adoption when it comes to the average non-technical investor. DeFi is a blockchain-based approach to delivering financial services that don’t rely on centralized intermediaries but instead use automated programs. These automated programs are known as smart contracts, enabling users to automatically....
A new report from EY highlights the need for a policy change for banks to overcome business uncertainties regarding digital assets. Big Four accounting firm EY has recommended that banks should change their regulatory perimeter to address the oncoming launches of state-backed central bank digital currencies (CBDC) and private stablecoins. EY’s 2022 Global regulatory outlook highlighted the need for a policy change that can help financial services firms overcome business uncertainties amid mainstreaming of digital assets and cryptocurrency. While acknowledging the uncertainty regarding the....
Institutional appetite for Ethereum will grow now that the network is ESG compliant, according to the BitMEX boss. In a recent interview, BitMEX chief executive Alexander Höptner shared his thoughts about institutional investors who, in his view, still have an appetite for crypto and Ethereum.Speaking at the Token2049 conference in Singapore on Sept. 28, the crypto executive told Cointelegraph that there has not been a “single slowdown of institutional push into crypto” during this bear market.He added that institutions and finance industry players typically use bear markets for....
For the industry to grow, Bitcoin companies must make the currency easier to use and understand. A debit card is familiar to millions of people. Breaking down these barriers to entry speeds up the network effect of Bitcoin for everyone and drastically changes the lives of the unbanked in the world. Bitcoin is going to be a global payment network and the responsibility is on Bitcoin companies like Xapo to create the infrastructure and tools necessary to enable people to experience the true advantages of the currency. To date, this is has been extremely challenging and what we certainly view....