2017 was an eventful year for the entire cryptocurrency and Blockchain industry. The market capitalization at one point erupted towards 750 billion dollars, new and impressive projects entered headlines, and the revolutionary Blockchain technology saw a massive boost in attention and application the world over.
However, 2018 proved to be quite different from 2017. The industry took a nosedive, plunging into a bear market lasting over a year. The plethora of scam ICO’s that abused investors and the ease at which crowdfunding campaigns could be run by anyone on respective Blockchains didn’t help the situation at all. On the contrary, it pushed people away and hampered the road towards mass adoption of cryptocurrencies and their use in everyday life due to the negative correlation that a hefty amount of scam projects sparked.
Despite there having been bad actors in the industry, there are many legitimate projects, tech teams, and companies developing impressive products and driving the sophistication of Blockchain technology and cryptocurrencies forward during the markets current slump. Many are in search for solutions that can aid the market in recovery and advance the mass adoption of cryptocurrencies and Blockchain technology around the globe. The common consensus amongst most is that the next milestones which can provide a huge push for mass adoption relate to the introduction of more payment gateways that can improve and promote the use of cryptocurrencies in everyday life and help onboard spectators.
Today with us we have Yasen Yankov of Paysafe to shed light on why he believes that payment gateways may be the next frontier for the mass adoption of cryptocurrencies and what needs to be done in order for this new and exciting technology to boot into an uptrend.
01:59 What is Paysafe?
02:50 Combatting the Visa and MasterCard monopoly
05:40 What are the use cases for crypto right now?
09:00 What is the benefit of stable coins?
17:40 A growth in cryptocurrency trading
21:40 Are institutional funds coming into the market?
23:40 How to relay the value behind crypto
27:50 What are you excited about when it comes to crypto?
Twitter: @ PlugIntoPaysafe
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IRA’s and cryptocurrencies, two completely different markets, with one being vastly older and significantly less volatile than the other. According to today’s guest, Morgan Steckler, CEO of iTrustCapital, a cryptocurrency retirement company, there’s a lot of untapped interest towards cryptocurrencies coming from the IRA space.