Mass Adoption Matters More Than Cryptocurrency ETFs

Ethereum co-founder Buterin Vitalik believes that the crypto community has focused too much on ETFs rather than making cryptocurrency easier to use as a method of payment for everyday purchases via payment cards, according to a recent tweet. An ETF will benefit cryptocurrency prices, he believes, but making it easier for people to use it will do more for mass adoption.

I think there’s too much emphasis on BTC/ETH/whatever ETFs, and not enough emphasis on making it easier for people to buy $5 to $100 in cryptocurrency via cards at corner stores. The former is better for pumping price, but the latter is much better for actual adoption.

— Vitalik Non-giver of Ether (@VitalikButerin) July 29, 2018

Predictably, the comment drew a lot of response on Twitter.

One tweeter noted that creating the ability to earn cryptocurrency will do more to encourage adoption since when a person earns cryptocurrency, there is no need to convert it to fiat, which presents an…