Adoption

It looks like there will be massive adoption of cryptocurrency in 2021 as the COVID-19 pandemic forces people to turn to digital assets. This nascent industry offers great opportunities for gaining profits.

There are many new digitiation tendencies that are going to appear and develop in 2021. Institutional investors are seriously seeking for safe haven in Bitcoin as well as other digital assets, and this could make digital currencies may hit new heights.

Most people prefer to use cryptocurrency for storing value and profit rather than for making payments and transactions. However, the adoption of crypto cards puts digital currency closer to conventional money.

iCoinSoft, one of the first U.S.-based blockchain software developers, is launching a new state-of-the-art solution for e-commerce and fintech. The cutting-edge service will allow businesses to accept and manage transactions in cryptocurrencies at the lowest possible cost.

Soon, owners of Electric Vehicles (EV) will have the chance to benefit from the first-ever blockchain car charging network.

Due to Covid-19 pandemic we can see a growing interest in Bitcoin and cryptocurrency on the African continent in 2020.

Eastern European countries are topping the list in cryptoasset adoption speed. Particularly, Ukraine and Russia have topped others because they have unduly intensive cryptocurrency usage. This shows that a bigger ration of nationals has moved away from traditional monetary activity to cryptoassets.

While many countries lack strong and clear legislation for the cryptocurrency industry, some politicians aren’t frightened of expressing their support for virtual assets.

It seems the traditional finance sector is merging with financial technologies further. Another payment giant, Mastercard, is expanding its cryptocurrency program to support massive adoption and craft innovative experiences in the blockchain field.