Crypto adoption is shooting through the roof despite the bear market and uncertainty surrounding asset prices, according to recent findings from the leading decentralized application (dApp) analytics platform DappRadar. The analysis, dubbed the Blockchain Behavior Report, outlined major trends that affected the blockchain space in the last quarter, including regions where crypto adoption accelerated in both...Read More
As the global financial ecosystem continues to witness major changes, young investors in the United States are increasingly leaning towards crypto assets as an alternative investment option to add to their retirement plans. 50% of Young People Want Crypto in 401(k) A recent survey by the U.S. asset manager, Charles Schwab, which polled about 1,100...Read More
Australia’s inflation hit 7.3%, which is the highest rate in 32 years. Considering the soaring prices of real estate and gas, analysts expect this figure to surge even more before the year’s end. To preserve their wealth during these turbulent times, locals have displayed increased interest in alternative financial assets, including cryptocurrencies. The Aussie government...Read More
El Salvador has signed a memorandum of understanding with the city of Lugano, Switzerland aimed at spreading Bitcoin adoption across the continent. The central American nation has also opened a “Bitcoin office” within Lugano, according to the country’s U.S. ambassador Milena Mayorga. During Tether’s inaugural Plan B forum in Lugano on Friday, Mayorga said the...Read More
While institutional traders are not prevalent in Sub-Saharan Africa, the region is known to have the highest number of small retail transactions globally. Part of the driving force for cryptocurrency adoption there is fiat currency devaluation, high unemployment rate, and economic instability. Crypto P2P Thriving in Africa Despite Regulatory Problems According to a report by...Read More
One of the largest telephone operators and mobile network providers in Spain – Telefonica – partnered with the crypto exchange Bit2Me to allow clients to pay for services in digital assets. Cryptocurrency adoption seems to be on a high level in the Iberian country. A few months ago, the leading airline company – Vueling –...Read More
Douglas-based cryptocurrency exchange CoinCorner has partnered with Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, to facilitate Bitcoin transactions in the United Arab Emirates (UAE). Under the agreement, Seed Group will aid in the expansion of CoinCorner’s operations across the emiratesand the wider Middle East as well as...Read More
Some of the tech-savvy youngsters in Lebanon have reportedly shifted their focus toward cryptocurrencies amid the current monetary crash Earlier this week, the government closed all local banks due to ongoing risks for employees and customers. It remains unknown when the financial institutions will re-open, which might be one reason why locals started looking for...Read More
Five-star hotel Palazzo Versace Dubai has started accepting cryptocurrencies as payment for stay, dining, and spa services. Guests can use BTC, ETH, and BNB to pay their bills, which will be processed through the Binance payment gateway. Palazzo Versace to Accept Crypto Payment The 146-room ultra-luxury property ln Jaddaf Waterfront will also accept crypto payments...Read More
Chainalysis’ recent report, called “The 2022 Global Crypto Adoption Index,” revealed that digital asset adoption has slowed down in the past 12 months due to the crypto winter but remains above pre-bull market levels. The leader from 2021 – Vietnam – was placed first again, while the Philippines and war-torn Ukraine followed shortly after. Interestingly,...Read More
The Central Bank of Bahrain (CBB) is set to test a Bitcoin payment processing and payout solution in collaboration with OpenNode. According to the official press release, the BTC payment processor plans to provide the infrastructure for the solution. The Regulatory Sandbox was first launched in 2017, following which the CBB authorized OpenNode to participate...Read More
The small Central American nation made history exactly a year ago when it officialized BTC as a legal tender, becoming the first-ever country to do so. Since then, another one has followed El Salvador’s example, while the Bukele-led country has seen a lot of developments on the bitcoin front, some positive and some negative. How...Read More
Bitcoin and other cryptos are now being accepted as means of payment at two of Ukraine’s largest tech retailers: Techno Їzhak, and Stylus. Customers can now purchase products from each retailer using Bitcoin from their online stores, or from their combined 100+ retail locations. Per a report from the Ukrainian outlet Obozrevatel, Bitcoin payments at...Read More
Ripple’s latest Value Report estimated that 76% of financial institutions plan to use cryptocurrencies in their operations in the next 36 months. The majority of those entities, though, said they will delve into the industry, assuming there is an appropriate regulatory framework applied to it. The study also revealed that 20% of global consumers would...Read More
The top Spanish regulator – the National Securities Market Commission (CNMV) – estimated that 6.8% of Spain’s adult population has invested part of their wealth in cryptocurrencies. Most of them were from the high-income bracket, while those with lower salaries do not find the asset class that attractive. Still, the Iberian nation is far behind...Read More
One of the oldest soccer clubs in the UK – Oxford City – will reportedly allow fans to purchase match tickets, food, and beverages in bitcoin instead of fiat currency. The initiative will see the light of day following a multi-year partnership between the team and the digital asset exchange CoinCorner. Over the years, the...Read More
A joint study conducted by Boston Consulting Group (BCG), Bitget, and Foresight Ventures revealed that digital asset adoption is still in its early days. If the trend continues, the total number of cryptocurrency users should tap one billion by 2030, the entities asserted. Adoption is Gaining Traction According to the research, crypto adoption is still...Read More
Brazilian digital payments startup PicPay is diving fully into the cryptocurrency wormhole, announcing a series of Web3-focused services ranging from the launch of a stablecoin to a fully-featured cryptocurrency exchange. With more than 62.9 million registered users, PicPay is one of Brazil’s most prominent startups. Until today’s announcement, the fintech has focused on offering a...Read More
A study conducted by the United Nations (UN) determined that 8.5% of Kenya’s population own digital assets, which makes up around 4.25 million people. This makes the country a leader in cryptocurrency adoption across Africa, while globally, Ukraine ranks first, with 12.7% of its residents being HODLers. Kenyans’ Surging Appetite for Crypto Kenya – an...Read More
Faustin-Archange Touadéra – President of the Central African Republic (CAR) – has announced that his nation’s burgeoning crypto hub will launch on July 3rd. The initiative (also known as the “Sango” project) is intended to make CAR the most “progressive” economy in Africa through the use of blockchain technology. The Genesis of Sango President Toudéra...Read More
51% of Latin American consumers have conducted at least one transaction with crypto assets, and over 33% of them have used stablecoins for everyday purchases, according to the latest survey conducted by digital payment giant Mastercard. Entitled “New Payments Index 2022,” the study focuses on financial innovations such as cryptocurrencies, DeFi solutions, blockchain, and NFTs...Read More
The Swiss luxury watchmaker – Hublot – allowed its customers to buy certain limited products in cryptocurrencies by partnering with the bitcoin payment service provider – BitPay. In addition, Prague City Tourism joined forces with Global Payments to enable passengers of the emblematic Tram Line number 42 to purchase tickets in digital assets. Hublot Enters...Read More
One of the largest airline companies in Spain – Vueling – will join forces with BitPay to enable clients to pay for tickets in several cryptocurrencies starting from 2023. Crypto Takes off With Vueling According to a recent press release, the Barcelona-based airline will use Universal Air Travel Plan (UATP) technology (a global settlement network...Read More
Faustin-Archange Touadéra – President of the Central African Republic (CAR) – urged people to understand bitcoin’s “disruptive power to bring long-term prosperity.” In his view, the primary cryptocurrency could serve as a lifeboat during the turbulent economic times nowadays. ‘Understanding Bitcoin is Crucial’ In April this year, the Central African Republic made the headlines becoming...Read More
Many investors are already talking about how long this crypto winter could last. Still, according to Bank of America, most retailers are waiting for the ideal time to buy cryptocurrencies as soon as this year. A survey of 1,000 people conducted in early June by Bank of America (BAC) found that 90% of respondents were...Read More
Blockware Solutions – a blockchain infrastructure and Bitcoin mining firm – has released a report analyzing the pace of Bitcoin’s adoption, and what to expect going forwards. The firm’s analysis calls for a minimum of 1 billion Bitcoin users, with a predicted 10% of the world using the network by 2030. The Math of Bitcoin’s...Read More
73% of merchants plan on internally integrating crypto payment within the next three years, a recently published survey has shown. Additionally, over 50% of large retailers (those with revenues of $500M+) are now spending at least $1 million to build crypto payment infrastructures. Entitled “Merchants Getting Ready for Crypto,” the study was conducted by auditing...Read More
In its latest survey of the insurance sector, Goldman Sachs has, for the first time, included questions related to cryptocurrencies. The replies of top global asset managers show that they’re slowly recognizing crypto assets as investments. The adoption of digital assets by insurance sector investors has been a keenly watched space. In December 2020, MassMutual...Read More
The Government of El Salvador keeps delaying the issuance of the much-expected bitcoin bonds due to the falling prices, as indicated by the Minister of Finance during an interview. On June 01, Alejandro Zelaya, El Salvador’s Finance Minister, said that it was not yet time to launch the Vulcano Bonds (bitcoin bonds) because the price...Read More
The World Bank is concerned about the transparency and financial impact of the Central African Republic (CAR)’s adoption of Bitcoin as legal tender. It claims that it will be “physically impossible” to fund the nation’s first concrete crypto adoption initiative, which the president announced on Tuesday. Worry at the World Bank The World Bank has...Read More
