Cryptocerrency market overview
Last updated
Last updated
In April 2020, Deutsche Bank suggested that the pandemic would speed up the process of central banks creating their own digital money. At the same time, the People’s Bank of China (PBoC) announced plans to test its national digital currency (DECP) in 2020 and the next digital currency in 2022.
In 2021, Vietnam took the first place in the Global Cryptocurrency Adoption Index. In 2022, bitcoin is recognized as the official currency in El Salvador. The Central African Republic has legalized bitcoin as a means of payment. In Japan, Germany, Singapore and other countries, cryptocurrency is regulated at the legislative level.
The steady growth of the industry and the introduction of cryptocurrencies will support the growing demand for trade, ease of money transfers and crossborder transactions.
The capitalization of the crypto market in November 2021 exceeded $3 trillion. The main cryptocurrencies are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC) and Tezos (XTZ).
Most of the market in the next 5 years will be held by Bitcoin and Ethereum .
For the more convenient use of cryptocurrency, there are bitcoin ATMs. On June 1, 2020, there were 7,962 ATMs in the world, and by January 1, 2021 13,928. Different types of bitcoin ATMs allow you to buy and even sell bitcoins.
Geographical limitation (84,7% of ATMs are located in the USA);
Cash-only purchase, purchase limit.
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