Tag Archives: Bitcoin Adoption

Over the week, several major news outlets ran stories covering the basics of cryptocurrencies like Bitcoin. One by CBS news claimed, “Crypto is not easy to spend.” That might have been true just five years ago, but in 2022, many national chain stores already accept Bitcoin. Here is a list of nine companies that accept bitcoin for payment today. Cryptocurrency Payments Infrastructure is Already Here The following paragraph from the CBS Sunday Morning News article gives the...

Israeli crypto custodian Fireblocks has partnered with FIS – the largest processing and payments company in the world – to bring crypto adoption to capital markets. FIS clients can now access a full suite of crypto investment solutions including trading, storage, and Defi. Bringing Crypto to Institutions According to a press release from the company, FIS is granting firms of all types “access to the largest crypto trading venues, liquidity providers, lending desks, and Defi...

Indria Kempis – Mexican senator for the State of Nuevo León – has introduced a bill to formalize the inclusion of virtual assets as a form of currency that may circulate in Mexico. However, it proposes that only the central bank can issue a digital currency, without any mention of Bitcoin. What Happened to the Bitcoin Law? In February, CryptoPotato reported that Kempis was planning to help make Bitcoin legal tender in Mexico. The chances seemed slim at the time, given that...

According to research conducted by KuCoin, the growing number of Nigerians investing in crypto is propelled by the lack of proper fiat-based opportunities. The study revealed that over 30 million of Nigeria’s population had traded digital assets in the past six months. The Reasons Behind the Adoption KuCoin’s latest “Into the Cryptoverse Report” found out that 33.4 million Nigerians, or 35% of those aged 18 to 60, have owned or traded cryptocurrencies in the last six months....

Australia’s financial regulators have yet to approve plans by the Commonwealth Bank of Australia (CBA) to offer access to crypto products for its over 6.5 million customers. The regulatory watchdog says the onus is on the CBA to comply with laid-down rules and regulations for financial products. Opposition from the regulator has prevented the CBA from moving beyond the pilot phase of the project. Will CBA’s Crypto Product Be Delayed? According to a report by Financial Review...

The autonomous region of Portugal – Madeira – and Prospera – a jurisdiction on Honduras’ Roatán island – will reportedly adopt bitcoin as an official payment method inside their borders. Residents from both territories won’t have to pay capital gains tax when buying or selling the primary cryptocurrency. Following El Salvador’s Path Bitcoin’s global popularity and development received a significant boost last year when El Salvador became the first country to embrace the asset...

Samson Mow – former CSO at Blockstream – revealed the Bitcoin adoption plans of three different global jurisdictions on Thursday. One of them includes Mexico – where the nation’s president has extended an invitation to Mow to discuss the possibility. Spreading Bitcoin Adoption Worldwide Speaking on-stage at the Bitcoin 2022 conference, Mow explained how he’s spent the last month working on “Bitcoin nation-state adoption” ever since leaving Blockstream. He’s also launched a...

CashApp – the mobile payment service developed by Block – announced many major Bitcoin-related upgrades on Thursday. One of the new integrations allows users to automatically convert their incoming paychecks into Bitcoin. Another Wave of Bitcoin Features CashApp is quite familiar with Bitcoin and its surrounding technology already. It already allows users to purchase Bitcoin alongside stocks, and to send lightning network payments to wallets capable of receiving them. In...

On March 25, Mykhailo Fedorov, Vice Prime Minister of Ukraine and Minister of Digital Transformation of Ukraine, announced on his official Twitter account the launch of an NFT museum where the most memorable events of the Ukrainian-Russian conflict will be displayed. This seems to be the materialization of an idea first revealed by Alex Bornyakov and reported by CryptoPotato on March 14. According to Fedorov, the museum will serve as a place to celebrate “the Ukrainian...

Today, the Central Bank of Honduras (CBH) assured that for now, the country has no intention of following in the footsteps of El Salvador, extinguishing the FOMO sparked by rumors about the possible adoption of bitcoin as a legal tender in the Latin American country. According to the statement, The Central American country maintains a neutral position towards Bitcoin and cryptocurrencies in general. It has no intention of changing it for now. They stressed that Bitcoin is...