Despite Bitcoin Price Dip, Bitcoin Adoption Boosted by Japan and South Korea

by | Apr 3, 2018 | Bitcoin, Cryptocurrency, Cryptocurrency News

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We have been constantly reading about the bitcoin price scenario worldwide, and it was only recently that the Bitcoin price hit a rock bottom after several downfalls since January 2018. However, some countries like Japan and South Korea are strongly adopting Bitcoin even after the several bumps that bitcoin price has faced.

Many countries should take an inspiration from the example South Korea and Japan. More specifically, these two Asian nations are making Bitcoin a lot more useful in quick succession. Such a positive attitude is strengthening the BTC adoption at some point. With retailers and e-commerce solutions showing an uptake in BTC, good things are bound to happen.

In Japan, to be more specific, the BTC market has seen Bic CameraCapsule hotels, and Peach airlines integrate BTC payments. These are three major use cases for cryptocurrency payments as a whole. It also means the cryptocurrency is slowing retreating to the cryptocurrency market.

Talking of South Korea, the country has seen cryptocurrencies make inroads in a different manner. One of the country’s biggest e-commerce platforms has decided to integrate 12 different cryptocurrencies. In the offline world, BTC kiosks has emerged in restaurants and cafes.

What Should the Rest of The World Learn?

If looked beyond Asia, The BTC Adoption is still an obstacle for many crypto users where their economies are applying stringent regulations to try their best to stop the use of bTC trade. However, there are some positive trends to take note of. The cryptocurrency market seeing an increase in the number of Bitcoin ATMs worldwide is a good sign to start with.

In Europe, it seems the ECB has no plans to regulate Bitcoin. This shows the attitude regarding cryptocurrency is pretty positive overall. And also is the reason as to why several big companies are moving their headquarters to Europe altogether

 

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