December 31, 2021
With 2021 almost over, it may seem strange that the latest cryptocurrency news is looking backward over a very difficult year. However, it is important to realize that all the uncertainty and all of the market changes, as well as the government and business struggles of 2020 and 2021, will have an ongoing impact on the use of cryptocurrencies around the world.
The Uptick in Bitcoin Use
From Starbucks and Paypal to AT&T and Microsoft, both international companies and smaller local companies are slowly moving to the use of Bitcoin for customers. In addition, some companies are even expanding to include Ethereum as a cryptocurrency they accept for payment.
To add to the mainstream acceptance of Bitcoin, El Salvador just recently became the first country to embrace the use of this cryptocurrency as legal tender, including adding Bitcoin ATMs throughout the country. Elon Musk also gave Bitcoin a big boost by accepting consumers could purchase vehicles from Tesla using the cryptocurrency.
The Growth of Non-Fungible Tokens
Another component in the latest cryptocurrency news is the increased awareness and interest in non-fungible tokens or NFTs. These are digital assets that exist on the blockchain and are designed to allow investors and collectors to purchase art, virtual assets, or other types of items and remain the owner while allowing others to view the asset.
There is a surge in the use of cryptocurrencies in the world that began slowly and has increased significantly since 2020. With more interest, there is also greater interest in developing some type of regulation, which will form the basis of much of the latest cryptocurrency news in 2022 and beyond.