{"id":1160,"date":"2022-10-20T15:03:23","date_gmt":"2022-10-20T15:03:23","guid":{"rendered":"https:\/\/guardarian.com\/blog\/?p=1160"},"modified":"2026-03-17T09:03:10","modified_gmt":"2026-03-17T09:03:10","slug":"signs-of-crypto-mass-adoption-is-it-bad","status":"publish","type":"post","link":"https:\/\/guardarian.com\/blog\/signs-of-crypto-mass-adoption-is-it-bad","title":{"rendered":"Signs Of Crypto Mass Adoption &#8211; Is It Bad?"},"content":{"rendered":"<p><span style=\"font-weight: 400; font-size: 12pt;\">Let\u2019s be honest &#8211; there\u2019s been a stigma attached to the crypto market ever since its inception, with many skeptics declaring it too fishy to even consider investing into.\u00a0<\/span><\/p>\n<p style=\"text-align: center;\"><iframe loading=\"lazy\" class=\"giphy-embed\" src=\"https:\/\/giphy.com\/embed\/SEvRT8zL05WLLyNgym\" width=\"480\" height=\"210\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400; font-size: 12pt;\">This, coupled with the large amount of <a href=\"https:\/\/coinmarketcap.com\/alexandria\/glossary\/rug-pull\" rel=\"nofollow noopener\" target=\"_blank\">rug pulls<\/a> and the general volatility of the industry has led many people to stay as far away from the crypto market.<\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 12pt;\">But with the years rolling on by, the public opinion has seriously shifted. So much so, that some people believe we are witnessing the mass adoption already today!<\/span><\/p>\n<p><span style=\"font-size: 12pt;\"><span style=\"font-weight: 400;\">In this article we will give you a brief rundown of the <\/span><b>most recent signs of crypto mass adoption<\/b><span style=\"font-weight: 400;\"> and discuss what it means for the industry and for you.<\/span><\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 12pt;\">Let\u2019s begin with\u2026<\/span><\/p>\n<h2><span style=\"font-size: 18pt;\"><b>Mastercard Crypto Trading for Banks\u00a0<\/b><\/span><\/h2>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1171\" src=\"https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/mastercard.jpeg\" alt=\"mastercard - crypto mass adoption\" width=\"532\" height=\"354\" srcset=\"https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/mastercard.jpeg 1024w, https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/mastercard-300x200.jpeg 300w, https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/mastercard-768x512.jpeg 768w, https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/mastercard-980x653.jpeg 980w, https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/mastercard-480x320.jpeg 480w\" sizes=\"auto, (max-width: 532px) 100vw, 532px\" \/><\/p>\n<p><span style=\"font-size: 12pt;\"><span style=\"font-weight: 400;\">That\u2019s right, <\/span><a href=\"https:\/\/www.mastercard.com\/global\/en.html\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">Mastercard<\/span><\/a><span style=\"font-weight: 400;\"> has finally launched its Crypto Source<\/span><span style=\"font-weight: 400;\">TM<\/span><span style=\"font-weight: 400;\"> program, a system that is meant to facilitate crypto trading directly through banks all around the globe. \ud83c\udf10<\/span><\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 12pt;\">Through this new program, Mastercard\u2019s financial institution partners will get access to a whole slew of trading services for select crypto assets.\u00a0<\/span><\/p>\n<p><span style=\"font-size: 12pt;\"><span style=\"font-weight: 400;\">According to the 2022 <\/span><a href=\"https:\/\/www.theblock.co\/post\/163036\/awareness-of-crypto-is-high-but-trust-needs-to-be-built-mastercard-research-finds\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">Mastercard New Payments Index<\/span><\/a><span style=\"font-weight: 400;\">, around <\/span><b>29%<\/b><span style=\"font-weight: 400;\"> of all of the respondents globally own crypto assets, with another <\/span><b>65%<\/b><span style=\"font-weight: 400;\"> showcasing a preference for crypto-related services as a whole. This in itself has become the catalyst for Mastercard\u2019s update.<\/span><\/span><\/p>\n<h2><span style=\"font-size: 18pt;\"><b>Swift Payments with Chainlink\u00a0<\/b><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4331 aligncenter\" src=\"https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/swift_68_11zon.webp\" alt=\"\" width=\"673\" height=\"353\" srcset=\"https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/swift_68_11zon.webp 1920w, https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/swift_68_11zon-300x158.webp 300w, https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/swift_68_11zon-768x403.webp 768w, https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/swift_68_11zon-1536x806.webp 1536w, https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/swift_68_11zon-1080x567.webp 1080w, https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/swift_68_11zon-1280x672.webp 1280w, https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/swift_68_11zon-980x515.webp 980w, https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/swift_68_11zon-480x252.webp 480w\" sizes=\"auto, (max-width: 673px) 100vw, 673px\" \/><\/p>\n<p><span style=\"font-size: 12pt;\"><span style=\"font-weight: 400;\">Similarly to Mastercard\u2019s adoption of the Crypto Source program, <\/span><a href=\"https:\/\/www.swift.com\/\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">Swift<\/span><\/a><span style=\"font-weight: 400;\"> has partnered up with Chainlink in order to allow for cross-chain crypto transfers.\u00a0<\/span><\/span><\/p>\n<p><span style=\"font-size: 12pt;\"><span style=\"font-weight: 400;\">The Interbank messaging system SWIFT is now planning to work on a proof-of concept project with <\/span><a href=\"https:\/\/guardarian.com\/buy-link\"><span style=\"font-weight: 400;\">Chainlink<\/span><\/a><span style=\"font-weight: 400;\"> in order to allow its users to transfer their assets across the blockchain networks. This news was brought up on the 28<\/span><span style=\"font-weight: 400;\">th<\/span><span style=\"font-weight: 400;\"> of September by SWIFT\u2019s strategy director, Jonathan Ehrenfeld Sole.\u00a0<\/span><\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 12pt;\">According to Sole, the system will use the Cross-Chain Interoperability Protocol (CCIP) in an initial proof of concept, enabling the SWIFT messages to facilitate token transfers across different platforms.\u00a0<\/span><\/p>\n<h2><span style=\"font-size: 18pt;\"><b>Google Cloud Crypto Payments<\/b><\/span><\/h2>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1173\" src=\"https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/gcloud.png\" alt=\"google cloud logo - crypto mass adoption\" width=\"539\" height=\"283\" srcset=\"https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/gcloud.png 2400w, https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/gcloud-1920x1008.png 1920w, https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/gcloud-300x158.png 300w, https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/gcloud-768x403.png 768w, https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/gcloud-1536x806.png 1536w, https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/gcloud-2048x1075.png 2048w, https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/gcloud-1080x567.png 1080w, https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/gcloud-1280x672.png 1280w, https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/gcloud-980x515.png 980w, https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/gcloud-480x252.png 480w\" sizes=\"auto, (max-width: 539px) 100vw, 539px\" \/><\/p>\n<p><span style=\"font-size: 12pt;\"><span style=\"font-weight: 400;\">Google themselves have finally decided to add crypto into their enormous ecosystem of services. Starting in early 2023, they will allow customers to <\/span><b>pay for cloud services<\/b><span style=\"font-weight: 400;\"> using crypto assets. \u2601\ufe0f<\/span><\/span><\/p>\n<p><span style=\"font-size: 12pt;\"><span style=\"font-weight: 400;\">Coinbase, one of the biggest crypto trading platforms in the world, will be joining Google in this joint endeavor. <\/span><b>Coinbase Prime<\/b><span style=\"font-weight: 400;\"> is the system that will facilitate Google\u2019s institutional crypto services.\u00a0<\/span><\/span><\/p>\n<p><span style=\"font-size: 12pt;\"><span style=\"font-weight: 400;\">You may also remember about Coinbase Prime from the news about <\/span><a href=\"https:\/\/guardarian.com\/blog\/what-is-happening-to-crypto-in-october\/#:~:text=BlackRock%E2%80%99s%20Big%20Investment-,Blackrock%2C,-the%20largest%20asset\"><span style=\"font-weight: 400;\">Blackrock deciding<\/span><\/a><span style=\"font-weight: 400;\"> to offer crypto service to their clients.\u00a0<\/span><\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 12pt;\">In return, Coinbase declared that they will use the Google Cloud to process blockchain data, which is quite monumental for Google to be officially integrated into the blockchain.\u00a0<\/span><\/p>\n<h2><span style=\"font-size: 18pt;\"><b>Crypto Mass Adoption Around the Globe\u00a0<\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400; font-size: 12pt;\">Crypto adoption may start with companies, but it will probably end with governmental support, and national-level approval of blockchain is already underway. So, let\u2019s talk countries! <span style=\"font-weight: 400;\">\ud83c\udf0d<\/span><\/span><\/p>\n<h3><span style=\"font-size: 14pt;\"><b>France approves bank crypto usage \ud83c\uddeb\ud83c\uddf7<\/b><\/span><\/h3>\n<p><span style=\"font-size: 12pt;\"><span style=\"font-weight: 400;\">French authorities have officially allowed its banking giant <strong>Soci\u00e9t\u00e9 G\u00e9n\u00e9rale<\/strong> to use digital asset services through <\/span><a href=\"https:\/\/www.sgforge.com\/\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">Forge<\/span><\/a><span style=\"font-weight: 400;\">, its subsidiary.\u00a0<\/span><\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 12pt;\">The <strong>6th biggest bank<\/strong> in Europe can now trade, sell and custody cryptocurrencies, which is an important step towards mass adoption for both France and the EU.<\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 12pt;\">Previously, crypto giants Crypto.com, Luno and Binance have also acquired licences to operate in France. Who knows &#8211; maybe we will soon witness France becoming the next big blockchain hub! \ud83d\ude0f<\/span><\/p>\n<h3><span style=\"font-size: 14pt;\"><b>Spanish telecom to accept crypto \ud83c\uddea\ud83c\uddf8<\/b><\/span><\/h3>\n<p><span style=\"font-weight: 400; font-size: 12pt;\">France is not the only one taking a step in the direction of mass adoption. Spain is also doing this through its largest telecom company, <a href=\"https:\/\/www.telefonica.com\/en\/\" rel=\"nofollow noopener\" target=\"_blank\">Telef\u00f3nica<\/a>.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 12pt;\">It has officially announced the acceptance of Bitcoin and other cryptocurrencies as a means of <strong>payment for their services<\/strong>.<\/span><\/p>\n<p><span style=\"font-size: 12pt;\"><span style=\"font-weight: 400;\">And this is not the first crypto venture for the telecom giant &#8211; they have previously collaborated with <\/span><a href=\"https:\/\/polygon.technology\/\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">Polygon<\/span><\/a><span style=\"font-weight: 400;\"> to create an NFT issuance solution among other blockchain experiments.<\/span><\/span><\/p>\n<h3><span style=\"font-size: 14pt;\"><b>Singapore welcomes Coinbase <\/b><b>\ud83c\uddf8\ud83c\uddec<\/b><\/span><\/h3>\n<p><span style=\"font-weight: 400; font-size: 12pt;\">Last but not least, we\u2019d like to mention Singapore officially <strong>greenlighting Coinbase<\/strong> to\u00a0 launch crypto services in the island state. The crypto giant overtook Binance in acquiring the license to provide digital assets and services in Singapore.<\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 12pt;\">Coinbase has also been investing in Singapore &#8211; they even announced wanting to set up their operations on the island. This would be an important strategic achievement, since Singapore is a major financial hub in the Asia-Pacific region.<\/span><\/p>\n<h2><span style=\"font-size: 18pt;\"><b>Is Crypto Mass Adoption Bad?<\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400; font-size: 12pt;\">This is a really polarizing topic, but it is important to talk about the potential risks of mass adoption.\ud83e\udd14<\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 12pt;\">While bringing crypto to the masses is generally seen as a positive thing, the regulations that come with it may affect the world of blockchain negatively.<\/span><\/p>\n<p style=\"text-align: center;\"><iframe loading=\"lazy\" class=\"giphy-embed\" src=\"https:\/\/giphy.com\/embed\/dUHdTk3tvry9NETa67\" width=\"504\" height=\"210\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400; font-size: 12pt;\">The users of traditional finance (TradFi) are used to a level of security that decentralized finance (DeFi) lacks. But this lack of security or central governance is precisely what makes DeFi so attractive &#8211; it is a <strong>space for experimenting<\/strong> and crossing boundaries.<\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 12pt;\">And though developing hack and exploit protection is a good thing, this will <strong>remove<\/strong> a certain level of decentralization and creative freedom from DeFi.<\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 12pt;\">Some crypto enthusiasts are worried about <strong>big governing bodies<\/strong> entering the world of blockchain and gaining significant control over it. This would majorly undermine the importance of small teams that made crypto what it is today. \ud83d\udcaa<\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 12pt;\">With all that, it\u2019s not hard to understand the concerns about mass adoption &#8211; nobody wants to see the DeFi industry become indistinguishable from the TradFi industry.<\/span><\/p>\n<h2><span style=\"font-size: 18pt;\"><b>Conclusion\u00a0<\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400; font-size: 12pt;\">It\u2019s hard to deny at this point &#8211; crypto industry is coming to the masses all around the globe at an unprecedented pace. Because of this it is crucial for the entire community to <strong>stop and think<\/strong> &#8211; what should the crypto future look like. \ud83e\udd14<\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 12pt;\">And only with a solid collective vision and a joint effort can this future be free of centralized hegemonies and stifling regulations.\u00a0<\/span><\/p>\n<p style=\"text-align: center;\"><iframe loading=\"lazy\" class=\"giphy-embed\" src=\"https:\/\/giphy.com\/embed\/vcHTRiZOglHNu\" width=\"480\" height=\"210\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<p><span style=\"font-size: 12pt;\"><span style=\"font-weight: 400;\">By the way, if you are a beginner thinking about purchasing some crypto, or a seasoned investor wanting to expand your portfolio &#8211; make sure to check out <\/span><a href=\"https:\/\/www.guardarian.com\"><span style=\"font-weight: 400;\">Guardarian<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/span><\/p>\n<p><span style=\"font-size: 12pt;\"><span style=\"font-weight: 400;\">On our platform you can easily buy <\/span><b>over 300 different cryptos<\/b><span style=\"font-weight: 400;\"> with <\/span><b>no registration<\/b><span style=\"font-weight: 400;\"> and <\/span><b>no hidden fees<\/b><span style=\"font-weight: 400;\">! Just choose what you want to buy and how you want to pay &#8211; and your funds will be on their way in no time. \ud83d\udca8<\/span><\/span><\/p>\n<p><span style=\"font-size: 12pt;\"><span style=\"font-weight: 400;\">So come check us out at <\/span><a href=\"https:\/\/www.guardarian.com\"><span style=\"font-weight: 400;\">www.guardarian.com<\/span><\/a><span style=\"font-weight: 400;\"> and as always &#8211; good luck and safe investing! \u2728<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Let\u2019s be honest &#8211; there\u2019s been a stigma attached to the crypto market ever since its inception, with many skeptics declaring it too fishy to even consider investing into.\u00a0 This, coupled with the large amount of rug pulls and the general volatility of the industry has led many people to stay as far away from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[174],"tags":[],"class_list":["post-1160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-news-and-insights"],"uagb_featured_image_src":{"full":["https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/bitcoin-gbb8bf46c0_1920.jpg",1920,1080,false],"thumbnail":["https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/bitcoin-gbb8bf46c0_1920-300x169.jpg",300,169,true],"medium":["https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/bitcoin-gbb8bf46c0_1920.jpg",1920,1080,false],"medium_large":["https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/bitcoin-gbb8bf46c0_1920-768x432.jpg",768,432,true],"large":["https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/bitcoin-gbb8bf46c0_1920.jpg",1920,1080,false],"1536x1536":["https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/bitcoin-gbb8bf46c0_1920-1536x864.jpg",1536,864,true],"2048x2048":["https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/bitcoin-gbb8bf46c0_1920.jpg",1920,1080,false],"rpwe-thumbnail":["https:\/\/guardarian.com\/blog\/wp-content\/uploads\/2022\/10\/bitcoin-gbb8bf46c0_1920-45x45.jpg",45,45,true]},"uagb_author_info":{"display_name":"guardarian_admin","author_link":"https:\/\/guardarian.com\/blog\/author\/guardarian_admin"},"uagb_comment_info":3,"uagb_excerpt":"Let\u2019s be honest &#8211; there\u2019s been a stigma attached to the crypto market ever since its inception, with many skeptics declaring it too fishy to even consider investing into.\u00a0 This, coupled with the large amount of rug pulls and the general volatility of the industry has led many people to stay as far away from&hellip;","_links":{"self":[{"href":"https:\/\/guardarian.com\/blog\/wp-json\/wp\/v2\/posts\/1160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/guardarian.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/guardarian.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/guardarian.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/guardarian.com\/blog\/wp-json\/wp\/v2\/comments?post=1160"}],"version-history":[{"count":14,"href":"https:\/\/guardarian.com\/blog\/wp-json\/wp\/v2\/posts\/1160\/revisions"}],"predecessor-version":[{"id":4332,"href":"https:\/\/guardarian.com\/blog\/wp-json\/wp\/v2\/posts\/1160\/revisions\/4332"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/guardarian.com\/blog\/wp-json\/wp\/v2\/media\/1167"}],"wp:attachment":[{"href":"https:\/\/guardarian.com\/blog\/wp-json\/wp\/v2\/media?parent=1160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/guardarian.com\/blog\/wp-json\/wp\/v2\/categories?post=1160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/guardarian.com\/blog\/wp-json\/wp\/v2\/tags?post=1160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}