Stedsm (OP)
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September 20, 2019, 10:28:16 PM |
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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.
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lightningmelo
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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".
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trigg
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September 20, 2019, 11:26:24 PM |
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HODL
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GreatArkansas
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September 21, 2019, 03:02:48 AM |
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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://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgflip.com%2F3b54ic.jpg&t=665&c=KI_aMXeL_3qcAA)
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meanwords
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September 21, 2019, 03:13:54 AM |
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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.
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pooya87
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September 21, 2019, 03:26:07 AM |
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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!
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CryptoBry
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September 21, 2019, 03:51:08 AM |
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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.
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traderethereum
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September 21, 2019, 04:06:21 AM |
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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.
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mk4
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September 21, 2019, 05:10:57 AM |
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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.
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September 21, 2019, 05:18:39 AM |
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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?
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Alert31
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September 21, 2019, 05:22:29 AM |
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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.
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Miklight88
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September 21, 2019, 06:00:52 AM |
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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.
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NeuroticFish
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September 21, 2019, 06:05:56 AM |
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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.
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.
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davis196
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September 21, 2019, 06:06:11 AM |
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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. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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bitbunnny
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September 21, 2019, 06:08:27 AM |
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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://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgflip.com%2F3b54ic.jpg&t=665&c=KI_aMXeL_3qcAA) 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.
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ChrisPop
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September 21, 2019, 06:43:45 AM |
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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.
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LogitechMouse
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September 21, 2019, 07:20:42 AM |
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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.
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Mulann2
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September 21, 2019, 07:23:23 AM |
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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 ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Carlton Banks
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September 21, 2019, 08:10:54 AM |
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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 ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) 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
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Kakmakr
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September 21, 2019, 08:15:58 AM |
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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. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) 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. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Let's push for Bitcoin adoption and not for Alt coin or GovCoin or Blockchain tech adoption. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif)
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