Source: Adobe Stock.
Crypto has come a long way from its emergence in 2009, and is now well on its way to mainstream adoption. What started as a theoretical solution to some of the limitations of fiat currencies – offering privacy, reduced transaction and exchange fees, increased financial inclusion and decreased government interference – has grown into a global phenomenon, with the total global market capitalization of cryptocurrency reaching $3 trillion by the end of 2021, as TIME reported. The universe of cryptocurrencies has expanded from just 50 types of tokens in 2013 to more than 16,000 today, according to Statista, and fintechs and governments alike are getting into the game and introducing less volatile, dollar- or government-backed stablecoins.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
