Adoption News

The adoption of cryptocurrencies and blockchain technology determines their success. While countless use cases are being explored, the real test for crypto projects is whether or not they can generate and sustain real-world use. The emergence of blockchain has been compared to the rise of the internet. Like with most new disruptive technologies, crypto will take time to develop before it sees widespread mainstream adoption.

The biggest use of cryptocurrencies to date has been as speculative assets. The valuations of many cryptocurrencies are highly volatile, which creates an opportunity for investors to generate outsized returns. The crypto market is also uncorrelated with traditional financial markets. Dominant players in this sector include leading crypto exchanges like Binance and Coinbase. Wall Street is also adopting crypto trading with financial services giants like Fidelity, Nasdaq, TD Ameritrade, and others now offering crypto-related products.

The second most significant area of adoption for crypto has been as a form of money. Various merchants are now accepting cryptocurrencies as a means of payment for goods and services. The stand-out feature for cryptocurrencies has been in cross-border payments where they have the potential to reduce fees significantly. Cryptocurrency adoption has also been high in countries plagued by inflation, such as Venezuela, providing a better alternative to national currencies. Facebook’s planned move into crypto payments could also lead to large-scale adoption. Facebook wants to integrate the Libra cryptocurrency into its existing services such as WhatsApp and Messenger.

Other prominent industries expected to benefit from the integration and adoption of cryptocurrencies and blockchain technology include healthcare, supply chain management, voting, fundraising, gaming, digital identities, energy, and more. Here at [blokt], you can stay up to date on all the latest industry news as it happens. Our journalists report on all the major events that are driving forward the adoption of cryptocurrencies and blockchain.


Despite Initial Reluctance, Visa is Quietly Raising a New Cryptocurrency Unit

It looks like Visa is gearing up to launch a dedicated unit to oversee its future endeavors in the crypto space. The company has so...

How the Dutch Are Setting an Example in Blockchain Adoption

Numerous technology giants are showing interest in blockchain technology. However, governments are still cautious about laying their hands on distributed ledgers. Low blockchain literacy...

Money As We Know It to Be Replaced by Cryptos: Morgan...

Morgan Creek Capital Management, the American asset manager claims in its second quarterly market outlook that cryptocurrencies will replace fiat currency eventually. What Does the...

ShapeShift.io and Ethos Integration to Bring Blockchain to Institutionalized Adoption

On August 10, Ethos.io, one of the leading blockchain ecosystems and digital wallets to support multiple currencies, announced a crucial partnership with ShapeShift.io, a...

Kazakhstan Government Supports Crypto Adoption Through Regulations

Cryptocurrencies might be heavily frowned upon by most governments around the world, but not Kazakhstan. Despite the country being in favor of regulating cryptos,...

UN Plans to Use Blockchain for Global Trade Supply Chain

The United Nations Center for Trade Facilitation and Electronic Business (UN/CEFACT) released a white paper that looked into the possible benefits of the revolutionary...

C-Suite Execs Are Quitting the Mainstream and Flocking to Blockchain

The Blockchain Boom The blockchain and cryptocurrency market continues to receive record levels of investment despite the ongoing threat of regulatory intervention.  In fact, CrunchBase...

Korean Electronics Giant LG Announces In-house Blockchain Platform

According to Yonhap News, Monachain’s core digital services include a digital currency, a digital supply chain management tool and a digital certification system. The...

Boeing Is Scaling Out Their Blockchain Team and Probably Building on...

Boeing, the largest aerospace company in the world, appear to be scaling out their blockchain team after adding seven new vacancies to their jobs...

Blockchain Has Potential, but Its Adoption Is Massively Hyped Up: Gartner...

Mass deployment of blockchain just a hype? The Gartner survey stands in sharp contrast with exaggerated assessments hinting at the mass adoption of blockchain among enterprises...

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