https://cointelegraph.com/news/stripe-builds-new-crypto-team...
https://cointelegraph.com/news/visa-working-on-blockchain-in...
Not really sure how someone can claim crypto isn't a big thing now.
Eg. Stripe = 1 guy and 4 additional staffers. That's really peanuts for a company with > 4000 employees. They already did it in the past and abandoned it then.
Seems more like FOMO, just because a competitor is also doing it ( eg. Paypal).
As a reminder, there were similar "investments" in 2017 and the only one that remained from then is Square, which has the same CEO as Twitter...
Let me see the % of payments in crypto versus other payments methods and we'll see. I don't think anything changed.
adoption can look different from what you expect.
When was the last time you made an everyday purchase like food with BTC?
last month. why does it matter? as i said:
> adoption can look different from what you expect.
i don't expect BTC to be used for small everyday payments outside of lightning network or sidechains.
edit:
> Half of those companies you listed are owned by the same guy
this was just off the top of my head, there are many more companies and funds.
I'll look up if i can find the old article about % of payments in BTC. I'll edit the comment here then, but it's a long time ago.
BitPay, established since 2011, processed one billion in payments and had 23 million of revenue per year. Mostly gift cards...
That's laughable for such a hype.
I don't see evidence of adoption. Most merchants do not accept bitcoin , and if they do few customers use it
Sure, zooming in at specific points in time you can find good/bad numbers, but the only thing that matters is what the current price is, not what it was before.
I think skeptics have moved from "it's not going to be a thing (ie. get acceptance)" to "it's a scam/environmental disaster and government will/should crack down on it".