How we fail to notice the gradual integration of blockchain into everyday life

The popularity of NFT is growing rapidly

Non-fungible tokens (NFTs) are becoming more and more popular. NFT sales volumes on specialized marketplaces are experiencing strong growth in the first half of 2021. The NFT market is around $ 2.5 billion in June 2021.

Cryptocurrencies are confidently strengthening their positions in the banking system

Until recently, banks were conservative about the crypto sector. Bank of America banned financial advisors and clients from trading Bitcoin-related investments back in 2018. Today, trends in banking policy towards crypto are changing towards warming.

Researchers at Yale University and the SDF have developed two regulatory frameworks for stablecoins

Two weeks ago, on July 17, a publication by researchers Gorton and Zhang appeared in the SSRN electronic library. They say that “privately produced money” (stablecoins) “is not an efficient medium of exchange because it is not always accepted at par and circulating.”

Conclusion

While one side of the blockchain, like Bitcoin, is undergoing a slight freeze and minor breakthroughs, the other is actively developing and being introduced into everyday life. The banking sector, institutional investors, and even regulators are gradually warming towards cryptocurrencies. Bitcoin and other cryptocurrencies may not become permanent means of payment in the distant future. However, the technologies based on them will surely stay with us forever.

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Cratos Official

Cratos Official

Cratos is a licensed and regulated in the EU crypto exchange service