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AFAIK, electrum is the only wallet implementation that supports this address format, and no major exchanges/services support bech32
This is completely wrong.
A few wallets that support bech32:
Bitcoin Core, Electrum, GreenAddress, Breadwallet, Samouraiwallet
A few exchanges that support bech32:
Coinbase/Coinbase Pro, Flyp.me, Bitcoin.de
(I concede that many of the big exchanges like Bitfinex or Bitstamp still don´t support Bech32)
A few gambling sites that support bech32:
Bustabit, YoloDICE, Crypto-Games...