As crypto adoption grows, so do the opportunities. Retail appears to be primed for use, with some of the most popular mainstream entities accepting cryptocurrency.
— more and more people will look at these offerings as a legitimate means of payment. In fact, by the end of 2022, the research suggests that the total population of U.S adults making use of crypto will scale up to a staggering 33.7 million.
“Crypto is taking a front row seat within the financial mainstream in many cases, not in a zero-sum way versus the existing established market. Millions of unbanked people have access to cryptocurrency transactions from their mobile phones, and due to this being an untapped market, it is hard to observe and measure its growth from the economic lenses we have in place today.”Max Krupyshev, CEO of crypto payments processor CoinsPaid, believes that while the aforementioned figure of 3.
He further stated that when it comes to crypto payments, Asia has the potential to overtake America in the long run since the region as a whole is quite flexible when it comes to accepting novel and upcoming technologies. “We should also pay attention to the growing popularity of cryptocurrencies in African countries. There is a great demand for crypto apps and alternative investment tools offering a low entry threshold,” Krupyshev added.
“Fast blockchain networks are suitable rails for CBDCs like the digital dollar, euro etc. The blockchain that is able to cater to the demand put forward by financial institutions like stock exchanges and clearing houses will win the battle. We are seeing banks of all sizes dip their toes in the water to see how they can start to interact with the new digital world in front of them, driven by a growing fear of being left behind.
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