Bitcoin Adoption

Taro leverages Bitcoin, lightning, and Taproot to enable the peer-to-peer transfer of currencies and assets beyond BTC. —  Are you worried that Bitcoin is too boring to play in the growing digital asset economy? Fret no longer.  Using Taro, the original blockchain network can support the decentralized exchange of multiple assets – including fiat currencies. Moreover, the protocol works with the lightning network, letting users transact – instantly and for free – with non-BTC-denominated balances.  Please read below to learn…

The Houston Texans – a professional American football team – have entered into an exclusive partnership with the Houston-based cryptocurrency company, BitWallet. The partnership will allow the team to begin accepting crypto as payment for single-game NFL suites.  Effective immediately, BitWallet will act as an intermediary for crypto payments to the Texans. This allows digital assets to immediately be converted into U.S. dollars.  The first to purchase a suite using digital currency was EWR Digital, a digital marketing agency.  "We…

MicroStrategy CEO Michael Saylor recently described the ten things he believes are holding Bitcoin back from becoming a mainstream asset. Should these so-called “pain points” be met, they will each be “very bullish” for the Bitcoin industry. In an interview with Bloomberg on Friday, Saylor named wash trading as his first gripe. Since Bitcoin has no rules against this yet, traders can harvest tax gains through buying and selling their own Bitcoin. That is a no-no in traditional equities markets.…

Jack Dorsey’s financial company Block has unveiled a survey from January examining top reasons that people don’t buy Bitcoin. The top reason, cited by 51% of respondents, was that they simply don’t understand it well enough. Conducted in partnership with Wakefield Research, the study surveyed 9500 people across 14 different countries. Besides the lack of knowledge, other common reasons for avoiding Bitcoin included cybersecurity risks (32%) and price volatility (30%). Among those that refused to buy Bitcoin despite sufficient knowledge,…

Strike – a Bitcoin payments company and custodial wallet – has announced multiple partnerships to rapidly expand Bitcoin lightning network adoption. Together with NCR, Shopify, and Blackhawk, the company will enable massive retailers to accept Bitcoin payments. The Open and Global Monetary Standard Speaking at the Bitcoin 2022 Conference in Miami on Thursday, Strike CEO Jack Mallers was welcomed with roaring applause. The entrepreneur expected big things, after announcing Bitcoin as legal tender in El Salvador at last year’s event.…

Cynthia Lummis – a Bitcoin-bullish Republican Senator – believes Bitcoin is destined to be adopted as a common means of exchange. She currently considers it a “commodity” but expects it to become a currency “really fast”, thanks to the lightning network. Bitcoin’s Evolution In conversation with MSNBC’s Chuck Todd on Meet the Press, Lummis went deep on Bitcoin’s currency status, and regulatory relationships. She explained that under the new bill she’s designing alongside Senator Gillibrand, they’d see it regulated like…

Bitcoin is inevitable – but we all come to terms with it at a different pace. Here’s how that reconciliation process will probably look for you. (Article inspired by a tweet from @skwp) There are two types of people: those who love Bitcoin, and those who are irrationally frustrated with and baffled by its success. There are also plenty of people that don’t spend much time thinking about Bitcoin at all – but they won’t last for long. With both…

As crypto prices show signs of recovery following a three-month downtrend, some institutions remind investors that they’re still early to the space. Among them is the international American bank Wells Fargo. In a recent report, the company argued that the crypto industry is entering a “hyper adoption phase” like the internet in the mid-1990s. Crypto VS The Internet As stated in the company’s report on Monday, the bank rejects the notion held by some investors that it's “too late” to…

Though Bitcoin remains in a price slump since last week’s crash, institutional adoption still looks bullish for long-term holders. Most recently, Idaho Central Credit Union (ICCU) partnered with NYDIG and Alkami Technology to implement Bitcoin buying and selling services. ICCU is rapidly growing, with 480 000 members in 44 locations across the state. Another Credit Union Adopts Bitcoin Alkami Technology – the involved cloud-based digital banking services provider – announced the news on Wednesday. The company provides banking companies with…