Mass Adoption: Crypto is Getting Closer to the Mainstream

Cryptocurrency and blockchain technology are slowly, but surely, inching their way into the mainstream – but there is still a very long way to go. It’s pretty understandable: the market is still in a limbo between recovery and the awful crash we experienced around the new year, on top of the fact that there are few blockchain-based projects out there that are easy for an average person to use. While a lot of platforms are still in development, it seems like each month is bringing us another beta launch. At least things are moving along, and the past few days have given us a few clear signs that the wider population is starting to catch on.

Thomson Reuters is embracing cryptocurrency a little more

World-renowned financial data provider Thomson Reuters is going to launch digital currency real-time rates as a data feed – using its Eikon platform. Bitflyer and Bitpoint will be providing the coin data. They are only starting off with six coins, but more are expected to be added eventually.

It may be a sign that they are getting their feet wet so that a later, stronger embrace of crypto trading will be incorporated into their product offerings.

HTC is going to release a blockchain-enhanced phone

This one took us a little by surprise – because we haven’t heard much about crypto phones outside of what SIRIN LABS is making. Global top phone seller HTC is now planning on releasing an Android phone called Exodus, which will come with a universal cryptocurrency wallet.

On top of that, it will have a secure hardware enclave and enable multiple coins and dApps to function. It will be interesting to see if other top phone companies like HTC want to start making blockchain phones – and if they will be able to compete with SIRIN LABS’ Finney.

Coinbase is prepping for big-time institutional investors

It was also just announced that majorly popular cryptocurrency exchange Coinbase is launching a Prime service – which is called Coinbase Custody. It allows institutional investors to safely and legally maintain their large-volume crypto assets in a safe place. An SEC-qualified custodian will be involved, as well as other third-party operations like auditing to make it more legit.

This is a big move and should draw in a lot more major financial players.




Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

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