Europe and Crypto Adoption

avatar

In recent years, crypto adoption is on the rise in Europe and countries like Switzerland, Germany and Netherlands are leading.

The technological advancements in these countries are of high level contributing to the adoption of crypto.

The growing number of merchants and businesses in these countries are accepting cryptocurrency as a mode of payment.

images 1.jpeg
Credits: Bitcoinist

However, there still are some challenges to crypto adoption in Europe and one of the main challenge is the confusion in crypto regulations.

Different countries have different regulatory approaches to crypto. This creates confusion for investors, businesses etc looking into the crypto industry, which can effect industry's journey towards its full potential.

While crypto awareness has been growing, there still is a large number of people who don't understand fully how crypto work and what benefits they offer.

As the regulatory clarity improves, we might see a greater adoption in the region. With more people turning to crypto, we may see a shift towards decentralization and Democratization of financial system.

Lugano, Switzerland is perhaps the place in Europe which has the highest acceptance for crypto as a means of payments.

According to the crypto influencer, Stacy Herbert, Bitcoin is widely accepted as a means of payment in Lugano Switzerland.

Follow: @howzat
www.twitter.com/itshowzat
Discord: howzat#8307

Posted Using LeoFinance Beta

hive cryptocurrency neoxian cent oneup proofofbrain ctp hive-engine leofinance
0
0
0.000
11 comments
avatar

Congratulations @howzat! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You have been a buzzy bee and published a post every day of the week.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out our last posts:

Our Hive Power Delegations to the December PUM Winners
Feedback from the January Hive Power Up Day
Hive Power Up Month Challenge 2022-12 - Winners List
The Hive Gamification Proposal Renewal
Support the HiveBuzz project. Vote for our proposal!
0
0
0.000
Reply
avatar

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

Please contribute to the community by upvoting this comment and posts made by @indiaunited.

0
0
0.000
Reply
avatar

The countries which regulate crypto the least will get the most adoption and digital entrepreneurs ... It will be interesting to see how each country/region deals with it.

0
0
0.000
Reply
avatar

I prefer the regulations to be slow. If they are focused on building the frame work for that, then we can continue to build and I don't think it will bode that well for crypto if the regulators start targeting it right now.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Right. I can say that my Czech homeland and Poland, our northern neighbors, have also been very "pro-crypto" ;) In Krakow, for example, there is a Bitcoin ATM in every bigger shopping center. Many businesses accepting crypto there too...

@tipu curate

0
0
0.000
Reply
avatar

Ahan.. Didn't know that before :)

0
0
0.000
Reply
avatar

Hello @howzat,

not related to the post, I want to let you know that delegation has been removed. Hope you enjoyed it and could make most out of it.

Thank you

Posted Using LeoFinance Beta

0
0
0.000
Reply