As the world becomes increasingly digital, crypto assets are gaining more traction. Although they were initially met with skepticism, the unprecedented growth of cryptocurrencies has prompted governments worldwide to take notice.
Regulators have begun formulating legal frameworks to govern this nascent industry. Some countries, like El Salvador, have gone as far as adopting Bitcoin as an official currency. When juxtaposed with the advent of central bank digital currencies (CBDCs), it is clear that nation-states are acknowledging the potential of crypto.
Aside from payments, tokens are being used in a myriad of applications – from the tokenization of real-world assets to the democratization of venture capital via DeFi. Blockchain, the underlying technology of crypto, has found potential uses in fields as diverse as supply chain management and digital identity.
While it’s still early days, the trends seem to suggest the increasing integration of crypto into everyday life. As governments and corporations increasingly accept crypto, it’s no longer a question of ‘if’ but ‘when’ crypto will go mainstream.
Perhaps the future is already here. Read More
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