Cryptocurrency

2024

Bitcoin

Cryptocurrency adoption is on track to surpass the much-awaited one billion user mark, which could happen as early as 2026.
According to Pavlo Denysiuk, CEO of&nbsp;crypto payments firm Lunu, the number of cryptocurrency holders could triple over the next two years based on current user growth.
During a panel discussion at NFT Fest 2024, Denysiuk said:
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 “Within two years there will be at least two times or three times more crypto holders worldwide. This is where we get more adoption everywhere and in terms of payments as well.”
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<a href="https://www.triple-a.io/cryptocurrency-ownership-data" target="_blank" rel="noopener nofollow">According</a> to the 2024 Cryptocurrency Ownership report by Triple-A, there are an estimated 560 million crypto holders worldwide, meaning around 6.8% of the world’s population holds crypto.
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 <img src="https://s3.cointelegraph.com/uploads/2024-07/59c1678a-f5f1-48c2-9636-66f1ab6f661d.jpg" alt="Crypto holders predicted to triple by 2026, says Lunu CEO" title="">
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 Web3 adoption panel discussion. Source: NFT Fest
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Related: <a href="https://cointelegraph.com/news/ether-etfs-sidekick-bitcoin-etfs-bloomberg-analyst">Ether ETFs will only be a ‘sidekick’ to Bitcoin ETFs — Bloomberg analyst</a>
<h2 data-ct-non-breakable="true" id="crypto-adoption-will-happen-as-soon-as-the-infrastructure-is-there">Crypto adoption will happen as soon as the infrastructure is there</h2>
With nearly 7% of the world holding cryptocurrency, the adoption of crypto payments is only a matter of time.
According to Denysiuk, crypto payment adoption will occur as soon as mainstream companies like Starbucks start offering the necessary infrastructure:
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 “[Crypto payment adoption] is not something that you need to convince someone of. Whenever the infrastructure is there, whenever you come to your Starbucks shop or somewhere else and there is a sticker saying ‘we accept crypto.’”
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“It’s just another payment method,” added Denysiuk, explaining that crypto payments aren’t significantly different from today’s credit card and neobank-enabled digital payments, which are already popular in the mainstream.
Denysiuk is the CEO of Berlin-based Lunu, a company building a stablecoin-powered payments ecosystem for economic integrations.<iframe width="100%" height="315" src="https://www.youtube.com/embed/9ndE-Ac81Do" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen data-ct-non-breakable="true"></iframe>
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 Is It Too Late to Invest in Crypto? Bitcoin MASS ADOPTION Explained. Source: Cointelegraph
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Related: <a href="https://cointelegraph.com/news/marathon-digital-holds-bitcoin-june">World’s largest Bitcoin miner didn’t sell any BTC in June</a>
<h2 data-ct-non-breakable="true" id="stablecoins-are-crucial-for-mass-adoption-but-user-experience-remains-the-biggest-challenge">Stablecoins are crucial for mass adoption, but user experience remains the biggest challenge</h2>
Stablecoins are considered one of the main on-ramps from the fiat to the digital economy and they will remain an important part of reaching the first billion crypto holders, according to Denysiuk.
He said:
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 “Stablecoins are very important for adoption. In our case, we almost never see people paying in Bitcoin, even though Bitcoin was invented as a digital currency.”
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The stablecoin market is currently worth over $163 billion, or 7.7% of the entire crypto market’s 2.11 trillion market capitalization, <a href="https://coinmarketcap.com/" target="_blank" rel="noopener nofollow">according</a> to CoinMarketCap data. 
However, <a href="https://cointelegraph.com/news/crypto-remove-friction-next-billion-users-coinbase"></a><a href="https://cointelegraph.com/news/crypto-remove-friction-next-billion-users-coinbase">reaching the first billion crypto users</a> will require more beginner-friendly applications, according to Chintan Turakhia, senior director of engineering at Coinbase.
Speaking exclusively to Cointelegraph at EthCC, Turakhia said:
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 “If our goal is to bring in the next billion users — and let’s start with just 100 million — we have to take all those friction points out.”
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Magazine: <a href="https://cointelegraph.com/magazine/financial-crisis-end-crypto-bull-run/">Could a financial crisis end crypto’s bull run?</a>

Crypto holders predicted to triple by 2026, says Lunu CEO

Daftar Isi

Cointelegraph

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