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Author Topic: Positive events driving adoption for crypto  (Read 53 times)

HakiDev

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Positive events driving adoption for crypto
« on: August 10, 2020, 10:19:02 AM »
We saw the news and the volatility of the market or the periodic drop in the Bitcoin price, those events may raise the confidence of the industry. Cryptocurrency is down a bit, so in this article, we're going to bring you the latest 4 positive news about crypto that will give us more confidence.


1. Walmart wants to create its own coins
After Libra, a new digital currency from Facebook, businesses around the world are beginning to focus their effo rts on creating their own digital currency.
Walmart (China) recently used VeChain's blockchain for there solution. But right now, it looks like Walmart US is stepping into the cryptocurrency industry. The most recent patent application filed Jan. 29 by Walmart Apollo LLC. And this is in line with recent rumors circulating about Walmart looking to create a stablecoin similar to Libra, which will facilitate cheaper and faster transactions for Walmart and its customers.
2. Governments understand that banning Bitcoin and crypto is fruitless
It has been a long time since we have seen the endless debates and discussions around banning cryptocurrencies. Banks are trying to shut down or limit adoption, cryptocurrency has been used for a long time due to the threats that are present in today's business model. There have been some attempts or discussions in politics around the world. Some countries use restrictions such as India, China, Thailand, and Vietnam.
3. The crypto community is extremely positive
Often we use social media to vent In a life that does not meet our expectations. And a lot of it is more about negative experiences, but in forums and social media, including Reddit, is the opposite.
Analysis of over 48,000 Reddit posts shows that the crypto community is extremely positive.
And between January of 2017 and July of 2019 only "14.5% of subreddits about cryptocurrency were scored as having a negative sentiment, a whopping 85.5% were deemed positive"
4. Sports teams are welcoming cryptocurrencies
In the latest press release, NBA has announced a new NBA Top Shot digital and gaming platform from "CryptoKitties". This will allow fans to buy, trade, and own NBA digital collectibles on the blockchain.
The new platform and collectibles will hopefully go down well with the younger generations and allow for fan memorabilia to enter a more digital age.
"We believe blockchain technology creates a truly unique product that fans can collect, manage and engage within a fun environment, and we are excited to partner with Dapper Labs to introduce these groundbreaking digital assets to the NBA community."
Said Josh Goodstadt, Executive VP of Licensing for THINK450, the commercial arm of the NBPA.

Pooldax is a cryptocurrency trading website. At Pooldax.com, people from different countries can exchange their local currency (fiat) to cryptocurrency.
Cryptocurrency is held in Pooldax wallet (PD wallet) will be paid to the buyer after payment completion was approved.
Pooldax support trading of BTC, ETH, DOGE and more
Source: https://gocryptowise.com/blog/4-recent-positive-events-driving-adoption-for-crypto/

 

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