While crypto adoption is growing around the world, it is not gaining traction in developed countries, nor does it have Bitcoin as a flagship, as told by Daniel Fogg of smart contract platform Rootstock.
Mass crypto adoption is already taking place around the world, but not in the United States or Europe, nor does it have Bitcoin as a flagship asset for mainstream acceptance. According to Daniel Fogg of smart contract platform Rootstock, the increase in adoption is instead ongoing in emerging markets, where cryptocurrencies are offering solutions to people’s everyday problems.
Fogg believes the crypto space is evolving through two major crypto use cases. One is centered around decentralized finance solutions for people seeking outsized returns and alternative investment opportunities. Another use case involves people acquiring stablecoins pegged to the U.S. dollar for savings and daily payments in economies dealing with inflation, devaluation and other monetary problems.
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