Bitcoin Forum

We have lately been seeing a lot of big names dipping their fingers into the sweet profitable sauce through Bitcoin's variations and tasting it nicely these days. Names coming out are some of the highly used apps in terms of daily consumption of data through their customers over these apps:

- Japan's Messaging giant Line launches an in-built crypto exchange for their 80M userbase.

https://www.coindesk.com/line-officially-launches-crypto-exchange-for-80-million-users-in-japan

- Telegram raised $1.7 billion for its TON token development and released code recently as well as Coinbase is considering on adding it to their exchange.

https://www.coindesk.com/telegram-finally-releases-code-for-its-1-7-billion-ton-blockchain

- Japan's Retail Giant, also known as the "Amazon of Japan", Rakuten has officially launched a crypto exchange where they have now allowed spot trading services to their 850M customers.

https://cointelegraph.com/news/japans-retail-giant-rakuten-officially-launches-crypto-exchange/

And many more...

Source:
https://news.bitcoin.com/apps-gone-crypto-popular-apps-are-adding-crypto-capabilities/

Still need anything more to believe that Bitcoin is actually being adopted worldwide and everyone has now started taking advantage of this old-yet-highly addictive global cryptocurrency (asset) already?

Finally, something great is gonna come to us, Bitcoiners.

IMO holding bitcoin 100% counts as adoption.

You're buying and holding an asset you think will appreciate due to it's qualities. You don't need to be trading or buying with it to count towards the "adoption metric".

HODL

Add also this one of the biggest financial company called Bakkt.
Bakkt could be also helpful for Bitcoin adoption. They will launch on Monday. Lot of people waiting for it. On monday, lot of people will start to talk about Bitcoin. We are just starting.

https://i.imgflip.com/3b54ic.jpg (https://imgflip.com/i/3b54ic)

I knew Japan knows the capabilities of Blockchain and they are the first to be taking advantage of it. With more adoption happening in the parts of asia, more people might be able to adopt Bitcoin as asia is the largest continent in the world. Even those people with financial problem might get a chance to be free. We might get to see someday that those countries who banned cryptocurrency will use it.

can we really consider these as "adoption"? sure they are helping the adoption but to me the term means when people start using bitcoin. for example what happened in Japan where you can actual shops in the cities accepting bitcoin as payment.

these articles are mostly talking about big names wanting to make profit from the volume that already exist from traders. and the second article is not even related to bitcoin, it is another fundraising!

There are many ways and strategies that many industries can get into Bitcoin and be a part of the adoption process. Well, as long as anything can be helping the goal of these companies to make some money or pursue their many goals then we can expect them to slowly getting into the bandwagon. The items above are not enough, of course, so we need to encourage more and more participants. Hopefully, the year 2020 will also be a year of more developments on this aspect.

At least, we know that in another country, the process of adoption of bitcoin aka cryptocurrency still going on and will reach more people to join and invest in cryptocurrency.
Maybe we need to wait for more, and we need to spreads more news to the public by giving the benefits that cryptocurrency have so people could know that there is a new way to make money and a new way to invest.
But we need many things to introduce the cryptocurrency to them, and it will not stop until the cryptocurrency become globally.
I am sure that cryptocurrency will become worldwide, and all people will use cryptocurrency like what we did, and in the end, the government will accept the existence of the cryptocurrency.
Maybe it will no need too long to see cryptocurrency will reach and available in all country so people will know about the cryptocurrency and they will take their part in the crypto world.

Ehh. While new exchanges are always good for better competition, new exchanges != adoption; in my opinion at least. In the case of Line's built-in crypto exchange, it's probably just another 'feature' of the app that most non-crypto people are going to ignore. Though I'm definitely not complaining, if anything, this just gives more legitimacy to bitcoin or cryptocurrencies to those "bitcoin is a scam" people, but it definitely doesn't guarantee adoption.

It would only be a matter of time before everyone finally accept Bitcoin as a payment method.
Every year more and more people,company or business are accepting cryptoas a payment so for me we are near on being able to use it as a regular currency,
Since crypto made a huge noise back in 2017 we are seeing some big names entering crypto industry promoting it.
The only question here is do you see it as a currency for payment or just a stock for investment?

In terms of adoption in different technology ,Japan is always present. Now in crypto currency they also active and most of them are using and investing in cryptocurrency which is a big help to increase mass adoption. But i think totally adoption in cryptocurrency will happen if people all over the world will accept and be able to use crypto. Not only those invest more like those big people in the market but also those small people that also patronizing a cryptocurrency.

there has always be an adoption but it was slow as we are just gettinng involve with little understanding which has made many to study and see the good effect of crypto has brought us this far and will make it more known for every one to use.

Bakkt was over the news for quite some time; people were talking for some time. That clearly won't start Monday.
Indeed, Bakkt can help with institutional (big) investors, but that could take some time too, clearly not overnight.

Well,bitcoin adoption in Japan is going very well,but what about other countries.
Having massive bitcoin adoption in ONE country doesn't mean that bitcoin is getting adopted everywhere in the world.It's well known that Rakuten is a crypto-friendly company so it's no surprise that they are launching a crypto exchange.
By the way,the title of your thread is pure clickbait. ;D

Maybe the expectations of Bakkt are too big, I'm afraid that some might end disappointed. From price rise to adoption, these are the effects that some think Bakkt might influence but I'm very cautious regarding that. And I don't think they can influence for Bitcoin to become mainstream, it's not possible to my opinion. Still, let's wait and see for actual effects will be.

Adoption is going to be a long-term process like it was with the telephone and internet. Of course that big companies with large userbases represent great advancements in terms of adoption indeed. However there is still a long way to go. My take is that the biggest "target" for Bitcoin and cryptocurrencies are the unbanked peoplew which are billions. As a friend said there are more people with access to internet than access to potable water.

With this big companies accepting crypto, the adoption of it is slowly increasing. Japan is known when it comes to crypto and blockchain because they accepted it. With this news coming every time, the adoption is rising but it will be a long term process. Regarding the Bakkt, I don't want to expect too much of it in the short term since it has been created to increase awareness to other people. In the long term it will help but don't expect that Bitcoin will rise and pump in short term.

Honestly, these are sign of good things ahead of crypto community, there is no more denying it, crypto is gradually gaining grounds and hardly anything anybody can do to stop this revolution coming, a drop of water makes a mighty ocean, btc is changing the way people do business and transact, crypto is the future no doubt, they can try as much as they can to shut it down but it is unstoppable, better to get involve now or get left behind, it is that simple ;D

I personally think the Hong Kong situation has the potential to make the biggest difference. It's a shame that it takes such a critical situation as a catalyst, but hey, gangsters gotta gangsterize ::)

Hopefully though, things could unfold (long term) in the following fashion:

• Small businesses all over Hong Kong start taking BTC, and convert any HKD they take immediately to BTC
• Continuing turmoil causes HKD to become riskier, tourists begin to use BTC in Hong Kong
• Someone comes along and starts up an alternative Hong Kong stockmarket, priced in BTC

As soon as step 3 happens, that could be the tipping point for a worldwide domino effect. And it may eventually sound like an attractive proposition to market traders in Hong Kong and everywhere else; central bank mismanagement is gradually rendering the currencies they're mismanaging an increasingly bad option, while Bitcoin's management is slowly but surely demonstrating it's longevity in competence. Stock and contracts are almost always worth something, whereas (centrally managed) currencies are purely notional in value: you can give people the notion just as fast & easily as they can discard it

There are a difference between Bitcoin adoption and Crypto currency adoption. These companies are not adopting Bitcoin, they are developing competition for Bitcoin and all of these Blockchain based technologies are competing to dethrone Bitcoin.  >:(

Yes, Japan are at the forefront of Bitcoin adoption, but there are a lot of other technologies and private Blockchains that are getting market share and it is not good for Bitcoin adoption.  :P

Let's push for Bitcoin adoption and not for Alt coin or GovCoin or Blockchain tech adoption.  >:(

I don't agree with this. A curreny can only be a real currency when it has acceptance. Holding isn't acceptance, as well as there's not much acceptance of bitcoin. There are 700billion people around the world and majority percent of people must have accept it as currency, otherwise, it doesn't fulfill the requirements of a currency. There are only a little percent of country where bitcoin is widely accepted, others are far away from it.

Holding bitcoin/crypto is not a true adoption, it's investing. Adoption is something that can create a value, ecosystem and will bring more value. Adoption mean, people using crypto and use it as business utility, make value for crypto.

It just like you adopt a dog, in your home you just keep it. Not make an environtment, not care about your dog, not feed your dog. is it will make your dog bigger? not, your dog will die, you just keep and not feed it, play with it.

In other case : you make a token, and then just keep in. Not building platform not create ecosystem, so why people need to buy your token? what's the diffrent with trashcoin?

in certain scenarios you could consider "holding" to be actual adoption.

first of all i completely agree with what you said about a currency, that is how bitcoin should be treated and that is the only case we can call adoption. but the problem is that there still aren't that many places that accept bitcoin as payment. so for example even if i believe in bitcoin as a currency and want to spend it, i still can't do it in 99% of cases. so my only option is to dump my fiat for bitcoin and continue accumulating and holding bitcoin until that changes. which it is changing but slowly.

that problem takes care of itself, really


Any coin not backed with sufficient hashrate and accumulated proof of work isn't resistant to gangsters stealing people's money. No demand for that kind of money, unsuprisingly.

So businesses who think it's easy to start a cryptocurrency simply don't yet understand this tech and this market. Which means you'd be unwise to shop with them anyway, why reward or encourage behavior that's not smart?

Bitcoin is legal as a means of payment in Japan from April 2017, but since then adoption didn't take too much momentum there. However, legislation has made it possible for many people to accept Bitcoin in their day-to-day business. One thing is for sure, you won't be hungry or thirsty in some parts of Japan if you have BTC in your wallet, there are a number of cafes and restaurants that accepts crypto.

If we look number of places that accept BTC in Tokyo and the surrounding area we can see that there are over 100 places that are crypto friendly, but fact is that Tokyo is have almost 14 million people and it is one of the biggest city in the world.

https://i.imgur.com/axUKaKu.jpg

https://coinmap.org/#/world/34.49750272/144.07470703/6

Well, two examples out of three come from Japan, and this country is particularly welcoming with cryptocurrencies compared to other countries. Moreover, cryptos are not property/securities or whatever else, Bitcoin is legal tender. So they recognise it as money. Not everything is great there for crypto businesses, though, because if I remember correctly the taxes are not very favourable.
Anyway, returning to the question of adoption, it seems to me that it's still too early to day whether cryptocurrencies will receive global adoption or just to something enthusiasts and traders use.

Well, holding definitely doesn't fulfill the currency use case of bitcoin, but I'd say it counts as "adoption" for the SoV/digital gold aspect of bitcoin. If people buy it to store they money into bitcoin instead of banks(as a hedge against fiat), I'd say that's still a good thing regardless if they use it as a currency or not. Holding money into bitcoin, while mostly being done for investing and speculatory purposes, just like how people store money into gold for hedging purposes, but not necessarily for investment purposes.

One of my recent quotes lately(that's slightly relevant to this topic): "Bitcoin isn't a get rich quick scheme, it's a don't get poor slowly scheme." -Jameson Lopp

You really have a point on this matter sir, in fact here in my country we already had an exchange in which are registered under SEC(security exchange commission) and approved by the BSP(banko sentral ng Pilipinas) but still  majority of the citizens here are still not aware about bitcoin.

Hodling -> selling to greater fools is not (healthy) adoption.

Use is.

Scarcity is not enough, it is needed, but not everything

Gold has lots of different use cases, so it got to the 4000y old 'store of value'.

What has the Telegram and Line altcoins anything to do with Bitcoin adoption?

Japan adopted Bitcoin before any other country, long before any company decided to push for their own altcoin. I do not believe in altcoin promotion as a vehicle for Bitcoin, it does to a lesser extent, but it also misleads people especially when they fail, and fail most of them will...

Your pompous thread title would have fit when Japan allowed the usage of bitcoin for payments, but not for these late comers.

We are working and receiving payments in bitcoins plus all these campaigns and people here are actually all who have adopted Bitcoins but it does gains a lot more weight when these big companies finally plan on giving bitcoins the appreciation they deserve .
This is a great list , kinda makes your hopes go up .
Also at the same time bitcoins logo has been seen on the players tee and more and more people are taking interest in it ...
Now kids gonna ask their mom's ..what does that logo means and this is the kind of thing that might affect the next generation .

No doubt about bitcoin adoption in Japan since the government allows it, more exchanger like Rakuten joins the party is a good thing for sure.
But it's a different story in other countries, not all of them regulate bitcoin as a legal payment method due to some flaws and risk, look at bitcoin's ETF.
One thing for bitcoin mass adoption; only if the government state we can transact bitcoin on a daily basis such as in Japan, it still a long way to go for us who live outside those bitcoin-friendly countries.

Some persons are waiting for their government signal to tell them that bitcoin is the way to go in this and next generation, I am scared they might have loss too much before their government finally speak out, they just might have loss out much from what we are enjoying. More tech giants will follow the step of Gram.

I agree with you.Adoption needs to take time.News about Rakuten are great.Japan did his paper work regarding cryptocurrencies .USA did not still USA is not so much friendly to crypto but Bakkt is launching.I count much more on Bakkt E-Commerce than his futures. Futures are only about trading and price e-commerce is about real use

I see it the other way though.  Once a person or a company uses a technology, it is adoption for me.  Whether they wanted to take advantage of the technology or the potential profit it may bring, once a technology is embraced and implemented it is an adoption.

And we both agree in a certain degree that these institutional company that "adopted" (possibly added in your term, referring to the bolded one)  Bitcoin will help prove that Bitcoin is not a scam.  Anything that can clear the doubts of the masses towards Bitcoin is a good move IMHO.


Indeed with these institution embracing Bitcoin and approval of financial institution for sure those who have doubt in Bitcoins may acknowledge that Bitcoin is not a scam.

Yes youre right asia is the biggest continent and expected that bitcoin will be more popular in countries of asia. They will never adopt bitcoin if they dont see the potentials of it. Japan is a modernized and a developed country they know what they do in terms of their economy so i think japan notice the value of bitcoin thats why they wers now adopting it.

Once bitcoin gets adoption from these big countries, then the remaining ones is very little, I have seen many big projects that has started using cryptocurrency and some even developing their like the ones you mentioned, and if they were not being supported by the government, they would not have gotten to the stage of boldly making their intention know to the public.

Bitcoin is just starting to grow now and I believe that we will still have many other big projects that we are not hearing of no, also start their own cryptocurrency development. The funny part of the adoption is that even musicians that are popularly known are beginning to create their own crypto too and they are advising it without the fear of government, crypto has really come to stay.

The adoption is still on the process, and I think that is trying to reach people from over the world. People who are joined in the bitcoin world, use bitcoin as the investment, a new way of making money, and they are trying to introduce bitcoin to other people. That will be great if that action can be done in other places because that will help bitcoin to grow more.

Especially when big companies start making use of btc to pay staff salaries or buy company goods or services with btc then the real adoption would be taken place, for the btc awareness is gradually increasing, more will come as time passes, I think satoshi will agree with what btc have achieved so far.

Will make a big difference when smartphones' operation systems start coming with cryptocurrency wallets by default, and I think this day is near. The adoption may be so fast as the adoption of the smartphone happened. According to the news, the phone sales have been decreasing, they have reached a stagnation point. Prices need to fall, it's the only way to reach and connect more people.

Yes bitcoin is been adopted by tech companies, this will attract partnership with other companies in the future. Really, everyone wants to make a progressive profit and stay in business. If the current world economic must move faster and save operating cost, there is s need for our financial transactions to adopt cryptocurrency. 

We (myself included) are just being overtly optimistic with this idea of mass adoption for Bitcoin. I would think that nothing much has really changed with Bitcoin since last year. Price is still on a downward slide. One or two positive comments or reviews on Bitcoin doesn't really mean anything much. The way I see it this day, it's analogous to what happens with XRP - so much positive reviews, yet price isn't still encouraging.

Well, then there is Sephora, Decathlon and many others joining the Bitcoin adoption movement.
According to this tweet (https://twitter.com/BitCoinBanka/status/1176467778947231745?s=20) major merchants in France will accept bitcoin in 2020!!! The news source (https://fr.cryptonews.com/news/easywallet-permettre-a-25-000-points-de-vente-francais-d-acc-4403.htm) says that this will be 25,000 retailers in total, and could be more.
If this does not help adoption, I don't know what will.

You're absolutely right there. Bitcoin's fundamentals haven't improved much, and the "mass" adoption of Bitcoin in shaky countries such as Venezuela people are talking about isn't of any significance either.

The value of the Bolivar has gone down so much that while the volumes as per the Bolivar standard has gone up considerably, but the actual US Dollar value of the volumes are consistently going down.

People have been generously rewarded this year with the bull run that peaked at $13.8k, which honestly speaking, came as a total surprise to me. My main target was $6k, while a lot people expected even lower levels....

Now btc is given new and old user an opportunity to buy the dip, with btc you can't go wrong, we already seeing all the good news keep rolling in every time about big companies gradually accepting btc, bakkt just lunch 2 days ago for institutional investors,  Watford club has taken the bold step of showing off with btc logo on their Jersey and there are more such good news, more news will keep coming, btc is evolving.

Ripple the company has been doing quite well, but that's mainly the result of businesses using their xCurrent product, which they don't need XRP for.

Another thing is that Ripple has been selling insane amounts of XRP to entities well under the spot price, but with a contractual agreement that only X percentage of tokens can be sold annually. It translates into a constant flow of selling pressure, and while dozens of entities are only able to sell a small percentage, combined, the small percentages add up to a large percentage, hence the price that keeps going down.

In the end, Ripple is doing what pre-mine altcoin schemes have been doing for years, which is to dump their bags. Shouldn't be too surprising.  ::)

Adoption of technology has been found much than the adoption of bitcoin. We often get to know more and more marketplace accepting bitcoin into their businesses. Here the small business enterprises get paid directly in terms of bitcoin which contribute to a very small volume. Apart from this there is large scale business networks and chained networks accepting bitcoin. Those were happening through third party services. This is no big thing and it isn't perfect adoption of bitcoin. This will change as people have belief over technology but haven't used to a virtual asset.

Hopes or Hopeless?
It gives hopes to those who really believe in crypto but it seems to be hopeless to those in doubt.
We've been struggling with these difficulties since last year and quite to say that many had been quitting and have bad claims towards crypto. I'd find out that investors will have a big role in crypto development, they are the one who makes this thing alive.

Exactly!!! So with all that being said in the end it’s HODL still the answer for Adoption

Whatever they said and done I will still Hold my coins till I reached my desired amount

Bitcoin will be finally adopted and accepted globally. Here is the latest news. According to information from France, there comes a surge in support for the use of BTC for different payments. Thirty brands and more than 25,000 stores will be able to accept BTC from users in the first quarter of 2020. This step will greatly facilitate the adoption of cryptocurrencies for many well-known brands.

Bitcoin adoption is in process. The digital asset should be properly checked because we can out of greed be pushing for mass adoption while the poor masses suffer. Accepting a currency that is too volatile requires a lineal measure. Other Crypto assets should be backed in other for the market to be competitive. Just as we have in fiat (USD, EURO, Pounds etc). One particular currency shouldn't be dominant less we have an 'enslaved financial flow system'.

You forgot the korean messaging giant Kakaotalk and its cryptocurrency KLAY, the other messaging service Keybase with XLM and Samsung with its half-hard wallets on its new phones.

This is not Bitcoin adoption but altcoin adoption, It is useless if they only use their own coin within their apps.

Why not have each company issue their own altcoin then? Exchanging will be lots of fun!

It's useless for who or what? I don't understand what you mean.
The announcement of Libra made the price of Bitcoin pump, because it was considered as a big news for cryptocurrencies adoption in general.
Moreover, OP talked about TON and telegram, so he seems to think in the same way.

The adoption of cryptocurrency into the mainstream financial transactions will gradually happen but it might take a long time. Japan has been one of the countries that seem to understand the main ideology of Bitcoin and cryptocurrency in general. I'm not surprise at the level of adoption in Japan. 

We have been on the adoption mode since 2017, when Bitcoin hit an alltime high but back then people are adopting Bitcoin because of yield in investing, but now it's a different scenario companies and countries are adopting it because of its resiliency, we are past the bubble stage and if you will not get in past, you lose some of the market shares and profits.

We are reading the news coming from big companies but there are also small companies adopting it, that are not landing on big media
it's a cumulative action on every sector.

In our generation now, bitcoin has been adopted in different big companies that are related into technology, and most of the merchants also adopted it too. And most of countries also regulate the blockchain technology and being registered too. Now I review on the articles you mentioned in the first page, I just noticed that all of it was referring to crypto directly but not in bitcoin itself in my observation.

For me, I am in crypto for both reasons. Sometimes I used crypto for payment online and at the same time I see it as an investment because as much as possible, I don't want to spend my bitcoin to unnecessary things. But I guess, we will find more users to be in the investment side. Because of its volatility, a lot are hoping that it will jump to a higher level to get their profit as much as possible. But with big companies establishing their own currencies, it means they do believe on the capability of blockchain technology. That is a big plus in the crypto business because we will gain more credibility and exposure because of these giant institutions.

bitcoin is also a crypto  . its already understood that when they say crypto or use crypto they are also refering to btc's   . bitcoin is also the main crypto and if ever there are store and merchants that will support crypto , bitcoin is probably the first one that they will use  . when it comes to adoption  ,adoption is already started even before when bitcoin got boomed  .  many sites , gambling sites , online shopping sites , and other offline stores are now accepting crypto and btc payments so its not really new at all to see news like this  .

In as much that some countries are showing massive acceptance and usage for  Bitcoin and some cryptocurrencies, it does not significantly present massive adoption in the entire world. Its gonna take a long period of time for people to really adopt to the use of cryptocurrencies in their daily business transactions. This is due to the fact that just a hand full of people in the world are aware of cryptocurrency and to even think of using them as a medium to trade for goods and services. 

Great improvement in the market will be viewed as an improvement in the adoption as well.
This month, the biggest achievement was the launch of Bakkt, however, it brings temporary dump which I presume because I believe this dump will stop and we will start to see the real effect of that launch.

Regardless of the price, if we look at the fundamentals, we can clearly see that the adoption is growing, and that's what we look at to not panic.

Bitcoin itself in Japan has been highly viewed and regarded as an extraordinary digital payment revolution. and with ecommerce giants in Asia, like rakuten in my opinion it is a big support for bitcoin because it's getting closer to what the purpose of bitcoin is self. to be digital payment currency.

Japan is one of the best example for a country who adopted bitcoin as a currency. They adopted crypto a bit later than other countries but it seems in regards to crypto adoptation, usage and growth Japan is leading. There is no doubt since Japan is know for a country who adopts Technolgy very fast. I hope some other country will see Japan as a good example.

I agree, the process is advancing slowly, but it is advancing, and that is all that matters. The only issues is that people aren't willing to be patient for another decade. I'm certain that, by the time BTC's 20th anniversary arrives, the financial world will look a lot different than today. Time will tell. Until then, you can't go wrong by HODLing.

It is too early to talk about the full acceptance of Bitcoin in the world. Bitcoin is partially circulated only in countries with highly developed economies, such as the United States, Japan, and a number of countries in Europe and Asia. The adoption of cryptocurrency means that you can pay with it for goods and services, and this way now available not everywhere.

Just don't be too excited about it. News like those have been circulating for a few years now and we're growing at a quite steady pace. No rush. I believe mass adoption will come, but we'll get there slowly. The few times btc generated a lot of attention, it dropped in value nit long after. So it will take time before the kind of mass adoption that we want will happen.

Yes! Bitcoin is starting to be adopted in several countries, this is the start that, the bitcoin will become our mode of payment. people like decentralization, and I think that is why people are now adopting bitcoin, the anonymity and the less hassle transaction gives life to bitcoin. Several countries that ban bitcoin are now un-banning it because they see the potential of bitcoin over the banks and fiat money.

Yes, we cannot say that bitcoin is accepted in all country because some country still not deciding to accept or not while the other country still in the discussion to accept.
But the adoption still happens and this year could be a good time to spreads more good news about cryptocurrency so we can see the cryptocurrency slowly become famous in out there.
We need to spreads about bitcoin in all places so people can join and use bitcoin too.
When bitcoin can be accepted in all country, we will see the adoption will success to reach all people.

By japan we can easily predict that they will lately fully accept bitcoin as a currency and a payment method looking at japan's current technology state they are one of the top developed countries which makes them more likely to adopt newer technologies such as bitcoin and many more in different industries

It is glad to see how Japan takes some consideration about crypto. They just want to be the leading country who used advance technology and actually they've proven for many times. There is big question why China never have this technology, in fact, they are one of the most growing country but they banned crypto.

People have already know the benefits that they will probably get by having this technology. What makes this thing attractive is that it is really applicable to the system we have, we are already in computer era.