In the past few weeks, a lot happened in the direction of crypto adoption. The following news just show that crypto is here to stay and it will take a lot of effort to make it go away, if that is ever anybody’s intention. In this article we will take a look at AMC’s latest announcement, Twitter’s Crypto Team, an interesting partnership between Brave and Solana and some more bullish crypto adoptions.
AMC and More Accept Crypto
Starting off with AMC where the CEO of AMC announced that customers can officially pay for entertainment online using BTC, ETH, Bitcoin Cash and Litecoin. It is important to notice that it is only possible using Paypal as the intermediary. In my opinion this kind of defeats the whole purpose of crypto payments. Furthermore, Doge and Shiba Inu are in the planning and here no intermediary is planned.
AMC is not the only company that started to accept crypto payments in recent months, and this has many wondering when big global players like Apple will follow the example of AMC. There have been speculations since May that Apple will accept crypto as a payment method after the company announced that it was looking for an alternative payment specialist with crypto experience. This speculation is at an all-time high after Apple CEO Tim Cook revealed that he personally holds some cryptocurrency.
Twitter’s Crypto Team
Moving on with some more great news. Apple is not the only tech giant who is looking for crypto talents these days. Twitter has announced the formation of a dedicated cryptocurrency team and is looking for people to fill its positions. This team is supposed to focus on the development of decentralized applications, marketplaces, community crypto funding and even digital identity. This intense crypto push has inspired other social media companies to follow along. Among the followers is Discord or rather was. So, what happened?
After a suggestion by the CEO to integrate cryptocurrency into the Discord App, some of its users had concerns about the money laundering happening with NFTs as well as the bad effects on the environment by the Proof-of-Work mechanism. In my opinion, these concerns are very little reasoned because there is very little evidence for money laundering in the NFT space. Furthermore, miners are seeking for the cheapest possible option to mine the crypto. One of the cheapest options right now is renewable energy which makes the mining greener than ever.
Brave & Solana
Speaking about crypto integrations, Brave has announced that it will be integrating Solana into its privacy focused browser. For those who don’t know, Brave is a fork of Google Chrome. Brave basically has everything that Chrome has except that it blocks all ads and trackers by default meaning you don’t have to install any buggy ad-blocker. Brave also has various crypto features built into the browser itself including a crypto wallet which will soon support the Solana Blockchain! This integration is scheduled to occur in the first half of 2022 and it will allow Brave’s users to access Solana DApps from within the Browser. This will help the adoption of Solana and its corresponding price growth. In exchange Solana will encourage developers to promote BAT on DApps built on Solana and on the Solana network in general.
Crypto Adoption Accelerates
With all these exciting developments, it should come as no surprise that crypto adoption continues to rise. So much so that even some cities are getting their own cryptocurrency. Miami was the first city to get its own cryptocurrency called Miami-Coin back in August. Now, New York City has its own Cryptocurrency called NYC Coin. In general, city coins are built on Bitcoin using stacks, which is a crypto project that essentially acts as a smart contract enabled layer 2 for Bitcoin. These city coins are created by the crypto community, and they offer a way for cities to get additional funding. For example, the city of Miami has raised over 20 million dollars from Miami Coin so far. So far NYC did not announce how they want to use their crypto profits, but I am sure they will use it correctly.
Conclusion
All in all, it will be very interesting to see how the last months of this bull market develop. Many people see March 2022 as the peak of the bull market and when we will enter a bear market. This could be a very good time to start buying in again. Nevertheless, it looks like crypto has reached a adoption level that is hard to beat and I can see it only getting bigger.
What do you think about these developments? Can we see some big companies adopting crypto payments soon?
Published by ga38jem on
Publish0x|LeoFinance|Steemit|read.cash
On 21st November 2021
Sources:
https://t3n.de/news/amc-entertainment-akzeptiert-1427506/
https://cointelegraph.com/news/twitter-crypto-the-dedicated-team-aimed-at-exploring-dapps-and-more
https://brave.com/solana-partnership/