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Adopting The Satoshi Standard Could Slingshot Bitcoin Adoption

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Changing the phrases Bitcoiners use also reframes the way people think about Bitcoin and could make it easier to adopt.

This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps.

While discussing the blind spots of Bitcoin with another Bitcoin Magazine contributor, we agreed that the lack of delineation between Bitcoin the asset, protocol and network may be one of the most salient issues holding back greater adoption.  Read more...

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Crypto Adoption Rate In Kenya Highest In Africa – Here’s Why

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The rate of digital currency adoption in Kenya is unlike any other country in Africa.

The United Nations reports that Kenya has the highest proportion of its people holding cryptocurrencies in Africa, highlighting the country’s exposure to the unfolding digital currency market crash.

According to a research done by the United Nations Conference on Trade and Development (UNCTAD), around 4.25 million Kenyans, or 8.5% of the population, possess digital assets.

Suggested Reading | Bitcoin Will Emerge Stronger From Crisis, Rockefeller International Chair Says

This puts the African nation ahead of industrialized economies such as the United States, which ranks sixth with 8.4% of its population holding crypto assets.  Read more...

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Crypto Market Leaders Differ on Pace of Inst Adoption. Who’s Right?

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Bitcoin is in the midst of a tremendous run that saw the crypto rise from $ 3,693.85 in January 2019 to as high as $ 13,880 in June. That’s an increase of over 275 percent in just six months. Many investors assume that institutional money has finally arrived and these big financial firms are the ones powering […]

The post Crypto Market Leaders Differ on Pace of Inst Adoption. Who’s Right? appeared first on CCN Markets

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Winklevoss Twins Foster Mainstream Adoption with Bitcoin Giveaway

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Now that bitcoin has taken center stage in the United States, Gemini Co-Founders Cameron and Tyler Winklevoss are doing their part to hasten mainstream adoption. Tyler tweeted his latest challenge, the reward for which is 1 BTC. At the current rate, that amounts to roughly $ 9,700. By the time the contest is over, however, the […]

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Bitcoin Cash Multi-Party Escrow, Retail Adoption, and Upgrade Discussions

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Bitcoin Cash Multi-Party Escrow, Retail Adoption, and Upgrade Discussions

Another week has passed for the Bitcoin Cash (BCH) community and as usual, there’s been a bunch of announcements and developments. BCH supporters this week saw the release of a multi-party onchain escrow system, Ethereum cofounder Vitalik Buterin discussed using the BCH chain as a data layer, and more BCH-accepting merchants were onboarded.

Also Read: Crypto Terminals Offer Venezuelans a Bridge to Economic Prosperity  Read more...

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Bitcoin Cash Merchant Adoption Grows and Exchange Supports BCH in the Weekly Video Update

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Businesses around the world continue to adopt bitcoin cash as a payment method and an exchange adds support for trading BCH. Watch these and other developments discussed in this week’s video update hosted by Roger Ver on Bitcoin.com’s Youtube channel.

Also Read: Win 2019 Rugby World Cup Tickets When You Play at Games.Bitcoin.com

Bitcoin Cash Adoption Grows Around the World

In the weekly video update, Bitcoin.com CEO Roger Ver talks about some of the work that is happening to onboard new merchants to BCH around the world, from Venezuela to Japan. He also discusses technological developments happening in the Bitcoin Cash ecosystem and planned celebrations for the August 1 anniversary. Plus, watch the video to the end to see Roger’s response to U.S. President Donald Trump’s crypto tweetstorm.  Read more...

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Squad Up! Millennial Gamers Will Pave Way to Bitcoin Adoption

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The link between gaming and crypto is so strong, that were it not for Vitalik Buterin’s encounter with World of Warcraft, the Ethereum creator would never have founded the most well-known alternative to Bitcoin. That’s a link in a chain that has already looped back on itself; more millennials now say they’d invest in cryptocurrencies […]

The post Squad Up! Millennial Gamers Will Pave Way to Bitcoin Adoption appeared first on CCN Markets

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Market Rebound Boosts Adoption of Cryptocurrencies for Payments

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Market Rebound Boosts Adoption of Cryptocurrencies for Payments, Study Finds

The use of digital assets to make payments is growing, according to a recently published study. It reveals that cryptocurrency’s role as a viable means of payment has been expanding and this year’s market rebound has increased the turnover of crypto payments. The report suggests that debit cards linked to digital currency wallets will remain an important tool until wider adoption of direct cryptocurrency payments.

Also read: BCH Can Be the Global Coin for Daily Spending, Says Italian Crypto Executive  Read more...

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Australia’s Central Bank: It’s ‘Difficult’ to Imagine Mass Adoption of Bitcoin

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By CCN Markets: After ten years, the Reserve Bank of Australia has decided that Bitcoin and other cryptocurrencies don’t pose a threat to Aussie dollars or other forms of fiat payment. The RBA concludes, after reviewing everything it knows about cryptocurrency, that it’s “difficult to envisage” an outbreak of Bitcoin users in the down under. Bitcoin Carries The Burden of Disruption It’s on cryptocurrency to be more attractive and useful than traditional payment methods. People will prefer the easier, more familiar world of debt-based currency until this is the case. To maintain the status quo, RBA says, rulers need only  Read more...

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Analyst Says Facebook’s Crypto Can See Bigger Adoption Than Bitcoin

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By CCN Markets: On June 18, Facebook and the Libra Association formally announced their plans to release Libra, a crypto asset backed by the Libra Reserve to maintain a stable value. By 2020, Facebook has said it plans to integrate Calibra, a crypto wallet designed to support Libra, into WhatsApp and Messenger, introducing the asset to billions of users worldwide by 2020. According to Michael Levine of Pivotal Research, Libra could see bigger mainstream adoption than bitcoin, especially among merchants due to its stable value. But, are Libra and bitcoin comparable? Bitcoin and Libra Are Not Comparable At CNBC’s Closing  Read more...

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What Makes Slovenia a Cryptocurrency Adoption Leader – Bitcoin.com Mini-Documentary

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Slovenia has a population of just 2 million but contains more retail locations accepting bitcoin cash payments than the entire United States. What makes this small country such a cryptocurrency adoption leader? Watch the following video to find out.

Also Read: How to Exchange Your Amazon Gift Cards for Bitcoin Cash

Slovenia: The Crypto Country

A short new documentary on Bitcoin.com’s Youtube channel highlights the thriving cryptocurrency ecosystem in Slovenia. The video features some of the places where you can pay with bitcoin cash (BCH), different Slovenian startups developing technologies for the market, as well as Roger Ver going shopping to test out the country’s now famous crypto-friendly locales.  Read more...

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Will Facebook (FB) Usher in Crypto Adoption for Google, Amazon and Apple?

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As reported by BeInCrypto; Facebook is set to formally announce its cryptocurrency on June 18. Other tech giants are undoubtedly taking notice. How will they respond? Facebook (FB) is betting big on the blockchain space. Although it’s been an open secret for some time now, its native ‘cryptocurrency’ will be announced on June 18. For […]
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Op Ed: Bitcoin in Africa, What Needs to Be Done to Encourage Adoption?

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Bitcoin has the potential to revolutionize the African continent. Through Bitcoin, millions of unbanked Africans will have access to financial services.

These and many more such statements exist across the internet. All these statements are true. But, despite all the benefits that Bitcoin is expected to bring to African countries, adoption levels in Africa continue to be the lowest globally.

Which begs the question, “If Bitcoin is to help Africa catch up with the rest of the world, what is preventing Africans from adopting the cryptocurrency?”  Read more...

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Crypto Adoption Remains Strong in Venezuela Amid Political Chaos

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Crypto Adoption Remains Strong in Venezuela Amid Political Chaos

The political tension in Venezuela has affected local cryptocurrency adoption. While there are roadblocks, many crypto-advocating projects continue to thrive in the country. News.Bitcoin.com takes a deep look at the current situation in Venezuela, crypto adoption efforts and how the recent political crisis affects them.

Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request  Read more...

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IOTA (IOT) Jumps 20% on Jaguar Land Rover Adoption News

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IOTA (IOT), a public distributed ledger that aims to power internet of things (IoT) networks, surged over 20% in late Sunday trading on news that Jaguar Land Rover is testing software that will allow its car drivers to earn IOTA rewards. According to a report by Reuters, Jaguar Land Rover is planning to develop “smart wallet” […]
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Cryptocurrency Adoption Grows Beyond ‘Bitcoin City’ in Slovenia and Croatia

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Cryptocurrency Adoption Grows Beyond ‘Bitcoin City’ in Slovenia and Croatia

The number of stores that accept cryptocurrencies is rising in Slovenia and Croatia. Starting with merchants in one of the largest shopping and entertainment complexes in Europe, Elipay has now integrated with 300 stores in Slovenia and begun expanding into Croatia following approval by the country’s central bank.

Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request

300 Locations in Slovenia Including Bitcoin City

Cryptocurrency adoption has been rapidly growing in Slovenia. Elipay by startup Eligma is a crypto payment mobile app for iOS and Android devices. Many stores at one of the largest shopping and entertainment complexes in Europe, BTC City, have integrated Elipay which currently supports BCH, BTC, ETH, and ELI token.  Read more...

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Mexico’s Proposed Crypto Laws Create New Barriers For Exchanges, Adoption

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Earlier this month, the Bank of Mexico (Banxico) published a circular, wherein it laid out its plan to issue permits to bitcoin exchange platforms and other crypto-related businesses operating in the country.

Banxico’s circular stated that to get the right permits, crypto-based businesses in the country would be required to provide detailed business plans and company profiles.

Each profile will have to contain various aspects of how the business operates including its business model, transaction fees and know-your-customer (KYC) security measures.  Read more...

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Why Africa Continues to Lag Behind in Cryptocurrency Adoption

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Why Africa Continues to Lag Behind in Cryptocurrency Adoption

Africa continues to dominate Google Trends search interest for “bitcoin,” but that has not translated into widespread adoption of cryptocurrency by users and businesses. Apart from opaque regulation and a lack of awareness, one of the major reasons for this failure has been the expansive use of mobile money on the continent.

Also read: Report: 87% of Crypto Exchanges May Be Falsifying Volume  Read more...

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Litecoin (LTC) Trades Lower Despite Two Bullish Announcements for Adoption

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The price of Litecoin (LTC) is currently down around 1% over the last 24 hours, despite the Litecoin Foundation announcing two partnerships with the potential to be fairly significant adoption and awareness drivers. The first update came on Tuesday morning when the Litecoin Foundation revealed a new partnership with Glory Kickboxing, the world’s premier kickboxing […]
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