The crypto industry began with Bitcoin\u2019s launch in 2009, flowering into a bustling industry filled with many different assets and blockchain-based solutions in the years following. The sector, however, is no longer in its infancy, according to Bittrex Global CEO Stephen Stonberg. <\/p>\n
\u201cI think we\u2019re already past the stage of crypto early adoption,\u201d Stonberg told Cointelegraph, adding:<\/p>\n
\u201cCrypto has now gone mainstream. We have double digit percentage adoption in both developed and developing countries. We even have Bitcoin adopted as legal tender in a country and many other countries considering adopting Bitcoin as legal tender.\u201d<\/p><\/blockquote>\n
El Salvador\u2019s government gave Bitcoin (BTC) the official nod in June 2021, making the asset legal tender across the country. The BTC green light in El Salvador means businesses must allow the asset as a form of payment in the region. <\/p>\n
\u201cAt the commercial level we are also seeing big changes,\u201d Stonberg said, subsequently citing recent crypto-friendly developments from AMC and Venmo. Coming into play by 2022, AMC movie goers should be able to pay for their tickets in Bitcoin if all goes according to the theater chain\u2019s plans. Users of the Venmo credit card have also been given the option of putting cash back rewards directly into crypto assets, thanks to a fresh function recently publicized by Venmo. \u201cBoth significant moves within the larger, mainstream market,\u201d Stonberg said of the AMC and Venmo developments. <\/p>\n
Related: Total crypto market value breaks $1.9T for the first time since May<\/em><\/strong><\/p>\n\u201cFrom a retail perspective, we\u2019re seeing cryptocurrency adoption booming globally,\u201d Stonberg explained. He added:<\/p>\n
\u201cBitcoin adoption in a lot of developing countries was in the double digit percentages, but has now also increased in the US from single digit percentages to double digits. What\u2019s more interesting to see is the growth and acceleration of institutional adoption with cryptocurrencies. Almost all major institutions have invested in cryptocurrencies or plan to invest in cryptocurrencies.\u201d<\/p><\/blockquote>\n
Bitcoin has become a much more common investment, with a number of big companies, such as Microstrategy, putting capital into the asset. <\/p>\n
Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The crypto industry began with Bitcoin\u2019s launch<\/p>\n","protected":false},"author":3,"featured_media":135381,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\n
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