Tag Archives: Bitcoin Adoption

One of the largest supermarket chains in South Africa – Pick n Pay – reportedly enabled customers to settle their bills in cryptocurrencies, including bitcoin. The offering covers 39 of the company’s stores located across the country. The National Children’s Advocacy Center also hopped on the bandwagon, allowing people to donate digital assets. The Latest to Catch the Wave Pick n Pay hinted about the new payment option months ago when it trialed it in ten of its stores....

Today marks the 14th anniversary of the publication of the Bitcoin whitepaper. On this day in 2008, Satoshi Nakamoto released a nine-page document that began a financial revolution and birthed a trillion-dollar industry.  On October 31, 2008, the pseudonymous Satoshi released the Bitcoin whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” to a cryptography mailing list.  The Birthing of Bitcoin The mailing list was hosted by Metzdow and run by a group of...

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 usage and regulatory efforts. Countries That Led Crypto Adoption in...

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 1,100 401(k) retirement plan participants aged between 21 and 70, revealed growing interest in the nascent digital asset industry. ...

A joint study conducted by KPMG China and Aspen Digital estimated that 58% of family offices and high-net-worth individuals (HNWIs) from Hong Kong and Singapore had distributed some of their wealth in cryptocurrencies. At the same time, 34% of the non-investors intend to join the ecosystem in the near future. Almost Two-Thirds Are HODLers The survey revealed that bitcoin and ether are the most popular digital currencies among family offices and HNWIs based in Hong Kong and...

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 has also put crypto on its agenda. The new Prime Minister of the nation – Anthony Albanese – vowed to...

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 office would be staffed by a new Honorary Consul devoted to advocating Bitcoin throughout Europe.  “My fellow...

A survey conducted by BlockFi shows that female generation Z and millennials who are new to investments are willing to put their money in crypto before anything else. This October 24, U.S-based cryptocurrency company Blockfi released its latest edition of a crypto survey focused on assessing women’s investment patterns. The results showed that one in ten women picked cryptocurrencies as their first investment. Besides those results, a previous research, the Real Talk: Women x...

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 blockchain analytics firm Chainalysis, retail users make up the bulk of crypto-related activities in...

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 – said travelers will be able to purchase flight tickets in bitcoin and other assets from January 2023. Telefonica Says ‘Yes’ to Crypto The Madrid-based...