RATE Group | Why Internet Growth Is a Prime Cryptocurrency-Adoption Driver
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Why Internet Growth Is a Prime Cryptocurrency-Adoption Driver

Why Internet Growth Is a Prime Cryptocurrency-Adoption Driver

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As we enter the start of a new decade, the number of internet users has reached a truly astonishing level: Almost 4.5 billion people were active users as of January, encompassing 59% of the global population. With its growing influence on individual consumers and large economies alike, the internet has become a crucial part of our day-to-day lives. Moreover, acceptance of the World Wide Web is growing faster than ever with the rise of mobile technology. Many studies reveal to us an exciting revelation: The development of the web is driving acceptance of cryptocurrency.

Digital-currency acceptance is projected to grow

The speed of internet adoption is growing fast. According to estimates compiled by Statista, mobile data traffic worldwide is on pace to surpass 77 exabytes per month by 2022, up from 11.5 exabytes per month in 2017.

Global mobile data traffic

However, truly revolutionary opportunities are quite often missed. For example, the pioneering video-content company RealNetworks was the first to create a…

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