By Sapien Wallet on The Capital

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There is no doubt that cryptocurrency and crypto transactions have become increasingly more popular in recent years, especially after the crypto boom in late 2017. The volumes of cryptocurrencies being traded daily are in the billions of dollars, in Q1 of 2020 the average 24-hour volume of all cryptocurrencies was 72 billion USD. This is despite the fact that there are, by our calculations, only 14 million monthly active cryptocurrency wallets globally.

So, perhaps a more accurate conclusion to draw is, cryptocurrency is becoming more valuable, but it is still not such a popular method of payment or storing value. Much of the money that is being made in the crypto industry is made via trading and exchanging cryptocurrencies on the market, which is done in the hands of very few people, and not the mass market. …


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