Adoption Friday: Hottest Blockchain News of the Week
Hey everyone,
Welcome back to Adoption Friday with adoption news from around the world. In this week’s batch:
- Binance hits 200M users and aims for 1B 🌐
- Trezor launches new onboarding service and hardware wallet 🛡️
- Australia’s blockchain potential 🇦🇺
Binance hits 200M users and aims for 1B 🌐
Binance CEO Richard Teng stated that the cryptocurrency industry has moved from the early adopter phase to the early majority phase. This shift was highlighted as Binance reached 200 million registered users, making it the largest cryptocurrency exchange worldwide. Teng attributed the company’s rapid growth to the industry’s changing landscape and the increasing acceptance of cryptocurrencies by the global population. Despite this achievement, Binance aims to onboard one billion users and focus on promoting financial inclusion and innovation. However, reaching this goal will require significant effort, as it would involve nearly doubling the current number of cryptocurrency owners and gaining support from global regulators, especially in the United States.
Our take:
Hitting 200 million users shows that crypto is definitely going mainstream. Binance’s growth is a big win for financial inclusion and innovation. Getting to a billion users will be tough, but it’s exciting to see how they’ll work with regulators and keep pushing forward.
Read more here.
Trezor launches new onboarding service and hardware wallet 🛡️
Trezor, a major hardware cryptocurrency wallet company, aims to make it easier for people to manage their own digital assets with a new onboarding service and a new secure hardware wallet. The onboarding service, called Trezor Expert, offers personalized guidance for setting up and using self-custodial wallets for a fee of $99. Additionally, Trezor has launched the Trezor Safe 5, a new hardware wallet with enhanced security features and a simplified backup process. This new wallet is designed for users seeking both security and ease of use. Furthermore, Trezor has introduced a Bitcoin-only option for those who prefer to focus solely on Bitcoin.
Our take:
Trezor’s new onboarding service and hardware wallet are game-changers for crypto newbies and pros alike. Making it easier and safer to manage digital assets is a win-win.
Read more here.
Australia’s blockchain potential 🇦🇺
Australian Parliament Member Andrew Charlton believes that blockchain technology could boost the country’s economy by $60 billion and reverse slow productivity growth. He argues that Australia needs to increase adoption of blockchain to ensure sustained productivity growth, higher wages, and living standards. Charlton also highlights the potential for blockchain in various industries and criticizes the government for slow progress in regulating digital assets. He hopes that Australia can become a global leader in responsible digital asset innovation and address the tech skills shortage to attract more digital asset startups.
Our take:
Andrew Charlton is spot on about blockchain’s potential to boost Australia’s economy. More blockchain could mean better productivity, higher wages, and cool new startups. It’s time for Australia to step up its game and become a leader in the digital asset space.
Read more here.
And that’s it! What do you think about this week’s adoption news? Let us know in the comments!
