Post
Topic
Board Altcoin Discussion
Re: The path to mass adoption of crypto
by
Finestream
on 15/09/2021, 06:39:47 UTC
The biggest challenge for any crypto project is mass adoption and for various reasons many people still prefer the traditional method over blockchain technology. So, which crypto project do you know that has a real plan to expand globally and increase the mass adoption of your project and crypto in general?

It is definitely true that the mass adoption of crypto is still miles and miles away and to be honest i am also one of those guys that just see cryptos as an investment at the moment and not as an alternative payment method for my daily life. To be honest i don't want to spend the few fractions of btc that i own to by myself something because i see BTC as an investment asset just like Gold. There are projects out there though that are accelerating the adoption of crypto. For example collateral pay.
If you are just keep holding your bitcoin for the rest of your life, then how would you able to contribute to the mass adoption of crypto? Bitcoin and ethereum are definitely the most popular coins right now that are almost near to its adoption but it won't be realize until you start using bitcoin as a currency.  Blockchain technology has more great advantages compared to the traditional method but still most of the people only see blockchain as non reliable so they prefer to use fiat because its more reliable and backed by the government.

Honestly, the traditional method is still used by majority of the individuals because these people are not even aware that blockchain technology is much useful and beneficial than the old one. So if they can be educated about crypto and blockchain technology as early as now, then we might be close to its mass adoption of crypto.