The Adoption Of Cryptocurrency Is Much Like The Adoption Of Any Other Technology:
The goal of this research is to identify the current research stage and open challenges for future studies in cryptocurrency adoption. More people are now aware of crypto investment and trading, with adoption rates increasing annually. For most analysts and observers, 2022 will indeed be yet another year of increasing adoption of cryptocurrency, both in terms of its potential as an investment vehicle and inflation hedge, and also in terms of its utility for payments.
The Technology Took Off Like Anything In The Recent Past Leaving A Lot Of Experts & Speculators Stunned With The Unprecedented Benefits That Industries Across The World Yielded Through It.
In terms of the adoption of cryptocurrencies, the current number of crypto users is equivalent to the number of internet users in 1997. The adoption of digital currency is undoubtedly a topic worth ruminating upon. With the increased popularity of crypto comes an increased demand for services to adopt digital currencies and move with the trends of our modern day.
Some Of Them Are Not Still Adopted Enough, Like Artificial Intelligence, Quantum Computing, Robotics, And Blockchain.
Since its launch in 2009 as a payment medium running on a blockchain, bitcoin’s adoption has grown at an average rate of 113% yearly. Emergence of various new types of cryptocurrencies and their rising adoption among general public are favorable factors for the growing global fintech blockchain market. This is still low, but it's growing very fast.
If This Pace Continues Over The Next Five Years, The Cryptocurrency Industry Could Boast A Billion Users—Comparable To 2005 In The.
This special issue aims to publish the most recent evidence on how financial technologies are transforming the financial services of emerging markets and. Moreover, the paper presents a systematic literature review. Therefore, there may be roughly about 37 to 52 million cryptocurrency users.
According To Gallup, 6% Of Investors In The Country Own Bitcoin.
What is the government response to the adoption of cryptocurrencies? Our research suggests that reasons for this increased adoption differ around the world — in emerging markets, many turn to cryptocurrency to preserve their savings in the face of currency devaluation, send and receive remittances, and carry out business transactions, while adoption in north america, western europe, and eastern asia over the last year has been. At the same time, growth in the number of cryptocurrency users outpaces the spread of the internet.