Accessibility is the main barrier to crypto adoption — Here are the solutions
Cryptocurrency accessibility is inhibited by a lack of financial and crypto literacy created in part by the wealth gap, technostress and overuse of jargon. Accessibility is a pain point for cryptocurrency adoption that has been discussed for years, yet still, it is pertinent as ever. This issue was most recently recognized by the United States government as we’ve seen Treasury Secretary Janet Yellen discuss during her remarks on digital assets policy and regulation. There are barriers that are limiting accessibility to cryptocurrencies, such as financial education and technological....
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55% of survey respondents said that they were aware of crypto despite never owning or using cryptocurrencies. Among the many complications associated with cryptocurrencies like Bitcoin (BTC), a lack of knowledge and understanding of crypto is the biggest obstacle for wider adoption, according to a new survey.The Economist Intelligence Unit, the research and analysis division of the Economist Group, released a new report called “Digimentality 2021.”The study was commissioned by major payment and cryptocurrency platform Crypto.com and contains a consumer survey of 3,053 people conducted from....
The world of Bitcoin and digital currencies allows for the creation of many different business models, some of which improve upon existing financial solutions. Buying or selling Bitcoin through an exchange is often a hassle, but there are services which make the process a lot of more streamlined. BTCDirect has a unique approach to the Bitcoin exchange concept, as they are more of a brokerage than a regular exchange. Different Approach Leads To More Convenience. One of the main hurdles to overcome for digital currency adoption is the mental barrier people are faced with when showing an....
The Bitcoin Embassy and the McGill Cryptocurrency Club from Montreal, recognise a barrier to the adoption of Bitcoins and they are doing something about it. They have come up with a non-profit project called "The McGill University Bitcoin Airdrop." The aim of the project is to promote the adoption of Bitcoin usage on campus and eventually beyond. But first, here is a question. Question: What is the biggest barrier that exists in adoption of Bitcoin? Answer: It is not just one factor. There are two factors at play. Getting a wallet [logistics barrier]. Getting the first few mBTC in the....
Bitit is a prepaid Bitcoin gift card from €25 to €250 that can be redeemed into Bitcoin. Bitit is a service designed for new bitcoin users but also bitcoiners who want a way to have their family and friends discover Bitcoins in seconds. How is this unique and different from other card services such as Gyft, BitGreet, and others? Bitit aims to make buying Bitcoin as easy as possible through its prepaid bitcoin solutions. In short, increase the accessibility of Bitcoin, a current issue of the currency. Some people don’t know where to even start with buying Bitcoin. The cryptocurrency elicits....
Crypterium, a leading provider of crypto-focused payment cards aims at bridging the gap between cryptocurrencies and their real-world adoption. The company recently added a Visa card option to its already extensive offering, further adding value to the entire range of Crypterium products. Here’s why this is a big deal for crypto and why it will pave the way for mainstream adoption. Crypterium Visa Card Accessibility Makes Crypto Spending Simple For All The cryptocurrency industry is […]