Next Step To Widespread Bitcoin Adoption: Community Banks
With Taro, payments are routed through Lightning, weakening stablecoins and opening up opportunities for community banks to connect users to a global audience.This is an opinion editorial by Leo Weese, co-founder of the Bitcoin Association of Hong Kong, where he has organized Bitcoin meetups since 2012. Since March 2021 Weese has been technical content lead at Lightning Labs.Over the years, Bitcoin has continually proven itself as a robust asset with a predictable supply that can be swiftly transferred instantly for a low fee over the Lightning Network.Despite its inflationary....
Related News
The introduction of bitcoin purchases to PayPal’s 346 million global users is the biggest step toward mainstream crypto adoption ever. The post Palling Up To Crypto: Could PayPal’s Bitcoin Accommodation Lead To Widespread Adoption? appeared first on Bitcoin Magazine.
Community expectations have long been that banks would adopt XRP, but the reality has been disappointing Amid a difficult year for the payments-focused cryptocurrency, Ripple’s CTO David Schwartz has recently taken to Twitter to discuss with community members why banks have been reluctant to adopt XRP as a bridge.During an exchange with a member of the Ripple community last week, Schwartz explained that there are a set of obstacles Ripple is facing that has led to banks' reluctance to use XRP to settle cross-border transactions.Schwartz wrote that he sees issues such as, “Regulatory....
Superintendent of the New York Department of Financial Services (NYDFS), Benjamin Lawsky's final act will include unveiling of the Bitcoin licensing rules. The regulator, who served four years as the agency's first superintendent, recently announced that he will step down from the office in late-June but will protect the interests of the customers with the new set of regulations. According to a WSJ report, Lawsky is planning to present the widely-awaited BitLicense regulations next week. The Bitcoin community is expecting Benjamin Lawsky's version of BitLicense to stifle innovations and....
Since the beginning of 2021, the cryptocurrency industry has experienced a marked surge in popularity, as institutions and individuals flock to the rapidly developing space in large numbers. Whilst the barrier to enter the space has significantly decreased since its birth a decade ago, there remain several sticking points which keep more widespread adoption difficult, particularly when it comes to interacting with local fiat currencies. There is a need for an effective and efficient liquidity bridge between crypto currencies and merchants that will only become stronger as the industry....
As cryptocurrencies keep gaining adoption in Argentina, there are discussions on how the national regulatory bodies should regulate the industry. The Central Bank of Argentina (BCRA) seems to have taken a step forward in making the picture clearer. Banks Should Provide Data Such as National Identification Numbers and Home Addresses According to Infobae, the BCRA asked domestic banks to forward them information about its customers who deal with bitcoin (BTC) and perform any other kind of crypto transactions. The measure aims to evaluate whether the crypto market “should be required....