September has been the month of regulation in the crypto-verse - with activity happening all around the globe, it’s exciting to see the land of opportunities on the horizon for both blockchain and digital assets. Recent data shared by Cambridge University shows there are now 101 million crypto users worldwide. Financial services giant Visa emits their new digital asset strategy and are onboarding dozens of crypto companies. Jack Dorsey, CEO of Twitter states Bitcoin and Blockchain are ‘the future’ for the mammoth social media platform. Last but certainly not least, coinpass.com has announced a new partnership with the self-regulated crypto trade body, CryptoUK to help the acceleration of crypto-asset regulation here in the UK.
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All-Time High Global Crypto Users
A recent report administrated by the University of Cambridge in England, published as the “Global Cryptocurrency Benchmarking Study” shows there are 101 million crypto users around the globe. In Cambridge’s previous report in 2018, there was an estimate of 35 million users globally, Applying the same methodology in the 2020 report there has been a 189% increase of crypto users worldwide, since 2018. They report on the popularity of the crypto assets, with BTC being at 83%, and ETH 35% and BCH 30%. Read more.
Visa Supports Crypto
Visa has recently onboarded dozens of strategic partnerships in the crypto field. The support towards crypto companies is linked to their plans expanding the types of commerce they offer. Since July 2020, it’s been known that Visa made plans to support digital assets and these newly obtained crypto firm partnerships suggest they’re wasting no time in doing so. Read more.
“Bitcoin is the Future.”
It’s hard to ignore when tech entrepreneurs a significant as Jack Dorsey, the CEO of Twitter makes statements around Bitcoin and blockchain being the future. Jack’s expressed his interest in making twitter dementalized earlier this year. In a recent interview speaking at the virtual Oslo Freedom Forum 2020, Jack confirmed that both bitcoin and blockchain are the future of Twitter. Read more.
coinpass Joins UK's Self-Regulatory Association
coinpass.com has partnered with CryptoUK the UK's self-regulatory crypto asset trade association. coinpass has taken a community members seat alongside so many great names, such as Archax, Huobi, Ripple, and coinbase to name but a few. United, this group of industry leaders provide a valuable contribution to the association's work around regulation. They will work together to help educate politicians and regulators about the crypto-asset industry, to achieve a fair regulatory framework for the UK. Read more.
What did you think of this week's developments? Which story sparked your interests the most? See you next time for our weekly low down on crypto and blockchain growth. We look forward to discussing the week ahead.
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