Simply the need for it, and better UX.
People in countries with shady governments and broken economies have higher likeliness of using Bitcoin and stablecoins. Most countries are simply in not that bad of a situation so they think they don't have the need to use them.
Absolutely correct. Super power nations don't want give a reputation to crypto as the broken economies .
Cryptocurrencies have come a long way since the early days of Bitcoin and we are the early adopters of this remarkable technology. But still the mass hasn't adopted blockchain technology or Cryptocurrencies. So, As you think, How can we bridge the gap between mainstream adoption and the complexities of blockchain technology? Share your thoughts on making crypto more accessible to the general public
Without adequate education, it is impossible for the general public to know that cryptocurrencies, especially Bitcoin and the blockchain technology behind it, exist. For example, the country of El Salvador, I once read an article where it was written that almost 95% of the citizens of El Salvador know Bitcoin and have tried making transactions with it, from here we can see that the government in each country also plays an important role in spreading knowledge about Bitcoin.
However, in many countries, their governments don't seem to care about the development of cryptocurrencies, they seem to refuse to teach Bitcoin to citizens but only take tax money from crypto platforms such as exchanges (like what is happening in my country lol)
Yep, Strong economies don't want cryptocurrencies but they may get tax money from who are got involved in crypto.
I think that a lot of people are scared of managing crypto. But you can't eliminate some things, like irreversible transactions, and needing to keep your seed phrase or wallet key safe. Holding on an exchange doesn't count, it's not your Bitcoin then.
Yes, Managing crypto is a challenge compared to fiat money.
It is true that the entire mass hasn’t adopted the blockchain technology. However, if you look through each and every year, you’ll see that bitcoin and cryptocurrencies at large has been growing and reaching more people. All these trends around cryptocurrency still boils down to even more adoption. So I really think that we’ve been doing great. You also have to consider that It’s the adoption that has given it its current value. Little by little, we will keep growing.
But It will take a long time. Current pace is not enough for the current generation. may be next generation will get the full benefits of them.
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