The Ongoing Crisis Is Stirring a Crypto Awakening in Developing Nations

[Paglamon]

Regular readers of this column will know about the recent surge in African peer-to-peer bitcoin transactions, now at more than $12 million a week, according to Useful Tulips.

I think this, and similar patterns across other emerging market regions during the COVID-19 pandemic, reflect the most important cryptocurrency trend of the moment. We are a long way from mass adoption, but the circumstances driving this nascent demand in the developing world, not only for bitcoin but also for stablecoins and other cryptocurrencies, bring the human benefits of this new form of money into stark relief.

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Source: https://www.coindesk.com/covid-crisis-crypto-awakening-developing-nations-george-floyd

[Senin]

The impending global economic crisis may be a good chance to increase the liquidity of a decentralized cryptocurrency and at the same time significantly increase its price. The growth in demand for stable coins also contributes to this, and especially this process will be accelerated if stable coins of the central banks of states are mass-produced. Therefore, the prospects for the growth of the cryptocurrency market are very good.