Right now, most people know very little about cryptocurrencies. They are widely perceived as a kind of speculative instruments. But that will change once the wave of adoption of cryptocurrencies, which is the real function of this kind of money, will encompass the entire planet.
Adoption of cryptocurrencies worldwide
It might seem strange, but Western and developed Asian countries lag behind in the adoption of cryptocurrencies. Developing countries have taken them far ahead.
According to the data provided by the Statista, the Turks are the ones who have adopted the most cryptocurrencies, with 20% of the population of the country owning or actively using Bitcoin and other cryptocurrencies. But Latin America has proven to be the true haven for crypto: Brazil, Colombia, Argentina, Mexico and Chile are the countries where 11% to 18% use them
When it comes to developed countries, such as the US, France, Germany and Japan, the adoption rate is much lower (no more than 6%), a phenomenon explained by the opposition of traditional financial institutions.
The wave that continues to grow
The first instance of the actual use of cryptocurrencies dates back to the time Bitcoin was established. On May 18, 2010, famous cryptocurrency supporter Laszlo Hanyecz paid 10,000 BTC for two large Domino’s pizza. This is how the anecdotal holiday called Bitcoin Pizza Day came about. However, cryptocurrencies were in a hibernation state until 2017, when the hype generated by record price increases turned into a surge of interest that spanned everyone. Thanks to this fact, cryptocurrency users have spread like mushrooms all over the world.
For example, in Argentina, people can buy tickets for public transport using Bitcoin; the government of this country has even reached an agreement with Paraguay which provides for the purchase of agricultural materials with BTC. In the United States, officials in Arizona, Indiana, California and New Hampshire have issued proposals to accept Bitcoin as a means of paying taxes. Lieferando, a food delivery application operating in Germany and throughout Europe, also allows payments in cryptocurrencies.
The wave of adoption of cryptocurrencies will continue to grow, as more and more people and companies come to realize the real benefits of this innovation.
Cryptocurrency adoption is present in all industries
While some people are reluctant to use cryptocurrencies, iGaming online platforms such as 1xBit are enthusiastically adopting them. 1xBit is an innovative site for sports betting and gambling that has already fully embraced crypto and its philosophy of total anonymity and negligible transaction fees.
The platform accepts deposits in more than 25 cryptocurrencies, guarantees an excellent gaming experience and easy withdrawal of winnings. Moreover, all new registered members are entitled to a welcome bonus of up to 7 bitcoins (and other interesting benefits) for the initial deposit of at least 5 mBTC.
The wave of adoption of cryptocurrencies is increasing, and 1xBit is pursuing it as a professional surfer!
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