RATE Group | What’s Holding Crypto Back from e-Commerce Adoption?
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What’s Holding Crypto Back from e-Commerce Adoption?

12 Nov What’s Holding Crypto Back from e-Commerce Adoption?

Posted at 17:53h in Cryptocurrency News by

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Although market caps may not be as high as they were in late 2017, cryptocurrency is slowly reaching towards higher levels of adoption and usage than ever before.

One of the most recent examples of this was presented last week, when blockchain analytics firm Chainalysis has found that the amount of money processed by crypto merchant payment provider services increased 65 percent between January and July of this year.

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Kim Grauer, senior economist at Chainalysis, told Bloomberg that this figure suggests that “there’s more overall trust in crypto.” Indeed, the average amount of crypto used in commerce each day rose from $3 million in January to $5.5 million in July–a nearly 100% increase, though the total amount remains so small in the greater scheme of the commercial world.

What could have caused this increase? And what’s holding crypto back from further adoption in e-commerce?

Bitcoin’s bull run played…

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