Five Ways to Drive Mass Cryptocurrency Adoption

Published on by Cryptoslate | Published on

The barriers hindering mass adoption of cryptocurrencies can certainly be dissolved.

While the blockchain and cryptocurrency industry is still in its infancy, we now have the tools and resources to create a strong ecosystem honoring the core reasons why Bitcoin was created and facilitate a world where 'crypto-friendly' applications, websites and devices are commonplace.

Perhaps the most solid barrier to cryptocurrency adoption is the lack of understanding and knowledge amongst the public.

The hype surrounding Bitcoin's value in recent years has clouded both the perceptions of cryptocurrency and how it can completely transform our flawed global financial system.

In a hypothetical world where cryptocurrency and decentralization are king, everyone must be solely responsible for their own funds and their security, effectively acting as their own bank.

Integrating cryptocurrency payments systems We can reshape global business so that cryptocurrency moves fluidly from peer-to-peer.

Popular fintech cards such as Revolut are now offering the option to pay with cryptocurrency, while there are dedicated cryptocurrency debit cards and even gift cards that can be preloaded with bitcoin.

Crypto billing solutions are becoming readily available, with a range of specialized companies helping the average household pay their rent, electricity bills, and even tax using cryptocurrency.

We can unlock a new market for e-commerce, by enabling cryptocurrency payments.

Businesses can benefit greatly from a Software Development Kit and enrich the retail experience with cryptocurrency and blockchain technology.

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