Apple refused crypto adoption
In the crypto space, adoption has been slow. There are a variety of reasons for this. In general, cryptocurrency is not well suited to be used as a medium of exchange or a store of value. Instead, it’s more like a digital token that can be redeemed for specific goods and services. In addition, cryptocurrencies have become an all-encompassing symbol of globalization in the past few years. From Bitcoin to Ethereum to Dogecoin, the adoption of new digital assets has been broad and varied. However, the landscape has now changed again with the addition of blockchain technology. The combination of these other factors has created an environment where cryptocurrency adoption will likely remain at a standstill until at least 2024.
Why is Cryptocurrency?
A cryptocurrency is a digital asset that is stored on a digital platform like a web-based wallet, or another digital platform that offers an authorisation system for the network. It is stored as an encryption code that gives the user access to the store of value. The code can be verified by anyone in the network and offers them access to funds that were originally held in the wallet. With current high inflation environment, any assets are likely devalued and worth less than before.
