In this article, I dissect what I think is the major adoption factors that will accelerate crypto adoption in 2022.
a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida.
The licensing on Binance in Dubai is perhaps one of the most exciting factors that may contribute to faster crypto adoption in the middle east.
On March 14, the EU parliament rejected a critical crypto bill that sought to limit the use of proof-of-work framework, the EU’s comprehensive regulatory framework for digital assets.
Crypto app downloads has been accelerating rapidly with 64% growth in 2020 and 400% growth in 2021, according to US news site Axios.
Crypto.com is one of the leading firms that has recently made multi-million dollar investments in sports deals, thereby increasing the global reach and engagement of crypto projects.
Last week, Chiliz launched Chiliz Chain 2.0 testnet “Scoville”, a layer one blockchain for the sports and entertainment industries which will allow sports teams and organizations to launch fan tokens, NFTs, play to earn games, fantasy league tokens, and other DeFi products.
This new development allows developers to build assets such as stable coins and NFTs on the Lightning layer in conjunction with the Bitcoin network.
Taro will accelerate the adoption of Bitcoin’s Lightning network, which solves the scalability and transaction fee issues that have plagued Bitcoin in the past.
Crypto adoption is becoming more mainstream, with 40% of US respondents aged 18 to 35 planning to use cryptocurrency to pay for goods and services in the coming year, according to a recent Checkout.com survey.
According to a recent Hartford Steam Boiler survey, 36% of SMEs in the United States now accept Bitcoin as payment for goods and services.