Cryptocurrency Massive Adoption

[Paycoinzzz]

Seeing giant private companies joining the cryptocurrency adoption is really something awesome. And just recently we have witnessed the announcement from several countries of their support for cryptocurrency adoption. What are your thoughts on these guys? https://crypto.co/news/crypto-news-indian-mongolian-banks-offer-crypto-services/

This is the result of financial institutions worrying about the Dollar inflation and the cycle of economic collapse every 10 years.
This has prompted financial institutions and governments in countries to find a way to retain the value of their money, and thus clearly see the value of Bitcoin.
I see that they made the right decision when Bitcoin just finished the Halving event. This also helps our crypto market have a new source of money to pour into and certainly potential projects will have the opportunity to grow as well as 2017.

[MCDev]

I think the future of using cryptocurrencies is inevitable, and even the most demanding governments cannot stop it.
Private companies and governments that enter this market early will receive advantages over late arrivals. Certainly in the future there will be more countries accepting cryptocurrencies.

[MWesterweele]

Even if we mass promote the benefits of using crypto currency there still things that we should keep in mind most especially its negative sides or disadvantages. I don't think using bitcoin would be effective around the globe because of some reasons like there are countries who has a lot of citizens who can't even afford to buy a gadget how much more the internet connection and also the age of the users because we all know that the elders are not that techy to use crypto currency.

[Globb0]

It can only be good.

Some companies or partnerships are buying more BTC than is produced each month.

That must be contributing to the upwards pressure.


The halving has settled. Time for some BTC realisation.

[Danslip]

The support will grow with weeks, months and the mentioned timeframes will turn to years if Paypal can declare the full legalization paperwork for worldwide merchants. Not only India but other big governments will join the trend and they will lead the specialist for creating the government-backed up crypto projects.

[SirLancelot]

Seeing giant private companies joining the cryptocurrency adoption is really something awesome. And just recently we have witnessed the announcement from several countries of their support for cryptocurrency adoption. What are your thoughts on these guys? https://crypto.co/news/crypto-news-indian-mongolian-banks-offer-crypto-services/

I can’t tell, but the one thing I know is that it is going to lead to another bull run and price might be reaching another ATH with the way it’s going now. So, the next question is what happens after that?

It’s definitely going to be another crash after it gets that high I guess. And then third question that follows is that will these giant companies be holding their assets on Bitcoin after it has reached a new ATH price and maybe shows signs dropping again? Because a lot of people will try to sell at the next ATH, many people have been waiting for a moment like this for years now.

[Dollar_Hunter]

The support will grow with weeks, months and the mentioned timeframes will turn to years if Paypal can declare the full legalization paperwork for worldwide merchants. Not only India but other big governments will join the trend and they will lead the specialist for creating the government-backed up crypto projects.

the world will still find it difficult to accept Bitcoin, especially the USA,
 maybe the ones who will start to fight the domination of the Dollar are China and Japan,
and we know mass adoption is happening in Asia, somehow the USA will handle this if Biden will win later.

[batang_bitcoin]

It is good news if we see more of these giant companies to start adopting cryptocurrency. Their actions are making the market bigger and expanding as much as they can. The hate that has been circulating for the cryptocurrency market will start to lessen and people will understand that they need to take it seriously. And if it's the banks that will start adopting it, we will see another integration from them and that's very possible in the near future.

i believe next year a lot of giant company will adopt cryptocurrency my friend
because after paypal, i believe a lot of giant company started to learn about cryptocurrency

It was a starter. They are only waiting PayPal's operation and looking at the welcoming effect of it from the market. Those companies that are still speculating how big this market is, if they are a huge company and still doubting the power of cryptocurrencies. They are missing a lot from the market which can turn into their own profit. PayPal has made the right decision and I think 3-4 years ago, many of the discussions on the forum have been talking about PayPal's adoption because it's for sure that they can't win against it.

[kingzpro]

Seeing giant private companies joining the cryptocurrency adoption is really something awesome. And just recently we have witnessed the announcement from several countries of their support for cryptocurrency adoption. What are your thoughts on these guys? https://crypto.co/news/crypto-news-indian-mongolian-banks-offer-crypto-services/

Which giant private companies are you talking about dear? If you mean paypal then yes, the implementation of crypto by paypal will legitimize crypto and boost trust for people who still do not believe that crypto is a real thing or have opinion of crypto being a fake or virtual thing without any real value. I am sure such people will get a reality check when they will see crypto in their paypal account.

[shinratensei_]

that's really good news for us. Those parties have been helping crypto to get massive promotional too. I have been seeing the PayPal's impact on the price of bitcoin. it's also changing the perspective of crypto too.
After the paypal news so many parties have been trying to join the bitcoin and get some to be used as their portfolios.
The news that came from the institutional will help crypto to get massive adoption.
We need more big institutional investors to join in crypto to spread the name crypto in all countries.

[erikoy]

Yes, other establishment are slowly believing in the capabilities of cryptocurrency as a digital asset and at the same as digital currency. Most likely establishment that are willing to take part and risk their money would turn out to be successful as seen in the other threads. Some companies are actually a record holder of most bitcoin holds as their asset and reserve for cash just like gold that they could get whenever it is needed.

[eaLiTy]

Seeing giant private companies joining the cryptocurrency adoption is really something awesome. And just recently we have witnessed the announcement from several countries of their support for cryptocurrency adoption.

It is not a big surprise that many companies are joining the cryptocurrency bandwagon as it is a market that cannot be neglected as it is the most promising and emerging markets in the world for the past seven years if you compare it with other financial markets and these companies needs to adapt for their benefit and in turn it makes things easier for the casual investor.

[DoubleAweSeven]

Another one joins the crypto world! All I can say is that this kind of phenomenon will continue to happen as long as people starts recognizing the usefulness of Bitcoin and other cryptocurrencies. The growth of cryptocurrencies are inevitable at this point because even famous personalities are joining in.

[Psynthax]

One stop closed to the true mass adoption I guess. Right now almost everyone who's tech savvy enough know about crypto whethern in depth or not and I think it's growing so signficantly compared back then in 2010. Tbh if large companies starts to adopt crypto one by one it will trigger massive adoption like some sort of domino effect where other companies get attracted too. It then gives a chance to crypto market to grows its market capitalization.

[lovesmayfamilis]

Why is the news of Bitcoin adoption by PayPal so exciting? What will this change? Yes, you can safely buy bitcoins, and yes, you can spend them. But only in this payment system, nothing more. You cannot withdraw them, you cannot transfer them to another wallet. Moreover, your identity will be known. When Satoshi introduced the idea of ​​Bitcoin, Bitcoin had to be anonymous and decentralized. And with the help of the payment system, bitcoin becomes a regulated coin.
Continue to rejoice further.

[robattfield]

I read a lot of news that countries are accepting and initially thinking about CBDC, and I will be a big influence in this market, maybe this is the upcoming trend, with a series news of adoption of crypto, and participation in the field. I also looked at some of the problems and I realized that it took us 10 years to build what it is today and we want people to accept it first. And the next time it comes, people will use it more.

[Stalker22]

Mass adoption of cryptocurrencies by financial institutions? An excellent example is that the central banks of many countries announced their plans to establish a national digital money using cryptocurrency. When cryptocurrencies become a generally accepted term in the financial world for the average consumer, decentralized cryptocurrencies like Bitcoin will have a much better status and will no longer be portrayed only as a speculative investment.

[southerngentuk]

This is a long process of this market, by 2020 it is completely different from the early years of this market. We have built a lot of things in this market, and it's really huge and very potential, adoption from large corporations, or hedge funds that continually buy crypto as holdings is a huge stimulus in the market. I think paypal adoption is just the beginning of a booming era for cryptocurrencies.

[Vishnu.Reang]

This is a long process of this market, by 2020 it is completely different from the early years of this market. We have built a lot of things in this market, and it's really huge and very potential, adoption from large corporations, or hedge funds that continually buy crypto as holdings is a huge stimulus in the market. I think paypal adoption is just the beginning of a booming era for cryptocurrencies.

PayPal adoption is still in the testing phase and we need to wait for many months before it is known whether everything turns out well. But this is perhaps the biggest push received for Bitcoin adoption from the mainstream market so far. The exchange rates for Bitcoin and the alts at this point are not reflecting this big trigger, but I guess we will witness a steep spike in the prices sometime in the next 6-12 months.

[jostorres]

The thing that made this a bigger news was the fact that paypal provided this option to people who were not involved with crypto as well, sure there are people who use crypto and paypal but there are MILLIONS of people who didn't use crypto and only used paypal, this opened up a lot of possibility to start using crypto as well.

You could be an online shop who never considered crypto as an option, but when paypal added it, you could just simply add that option for customers who would love to pay with it, and as the shop owner you will later turn that into fiat if you want to. Mass adoption comes from offering easily adopting bitcoin to people who never even considered it, when people are faced with that option so easily they consider it a lot more than before.