{"id":47246,"date":"2025-02-12T16:38:00","date_gmt":"2025-02-12T16:38:00","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/global-bitcoin-adoption-hits-650-million-users-and-growing\/"},"modified":"2025-02-12T16:38:00","modified_gmt":"2025-02-12T16:38:00","slug":"global-bitcoin-adoption-hits-650-million-users-and-growing","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/global-bitcoin-adoption-hits-650-million-users-and-growing\/","title":{"rendered":"Global Bitcoin Adoption Hits 650 Million Users and Growing"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
\n<\/p>\n

\n

Initially intended as \u201cpeer-to-peer digital cash,\u201d Bitcoin (BTC) has mostly been regarded as a store of wealth. But according to a recent research co-authored by the Bitcoin scaling company Breez, the cryptocurrency is making a significant resurgence as a mode of payment.<\/p>\n

This change is being driven by a layer-two scaling solution called the Lightning Network. Lightning is assisting Bitcoin<\/a> in regaining its usefulness for routine purchases by facilitating quicker and less expensive transactions.<\/p>\n

Lightning Network Expands Bitcoin\u2019s Reach<\/strong><\/h2>\n

According to the report, Bitcoin is now accessible to over 650 million people worldwide. Lightning Network integration spans various industries, from retail and luxury goods to global remittances. The report states, \u201cLightning transforms Bitcoin into the scalable medium of exchange initially envisioned.\u201d<\/em><\/p>\n

Unlike traditional Bitcoin transactions, Lightning enables microtransactions and pay-per-use models. Consumers can now pay for digital content, a single coffee, or even small remittances across borders with minimal fees.<\/p>\n

The 650 million adoption figure comes from user bases of major Bitcoin platforms, including Coinbase, Binance, and peer-to-peer networks like Paxful. Binance alone accounts for nearly 260 million users.<\/p>\n

\n
\n
\n
\n
\n
350% or 5BTC + 150 Spins!<\/strong><\/strong> <\/p>\n

New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

In regions with unstable monetary systems, Bitcoin is proving especially useful as digital cash. The report highlights Pick n Pay, a major African retailer, as an example of successful Lightning integration.<\/p>\n

\u201cLightning payments are currently the fastest payment method at the till, comparable to \u2018tap-to-pay\u2019 card payments, with lower fees than credit or debit cards,\u201d<\/em> said Carel van Wyk, founder of MoneyBadger, which facilitated the integration.<\/p>\n

Lightning also streamlines remittances. \u201cThe same way [someone] pays for a cup of coffee in New York City is the same way [they] can now casually send $10 back home to Nigeria,\u201d<\/em> said Bernard Parah, CEO of Bitnob.<\/p>\n

While stablecoins dominate as a stable medium of exchange, the report argues they still depend on centralized fiat systems. Bitcoin, in contrast, remains decentralized and resistant to devaluation.<\/p>\n

\n
\n
\n
\n
\n
5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n

New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Despite Lightning\u2019s growing adoption, many Bitcoin holders still see it as an investment. The report acknowledges this dual role, stating, \u201cBitcoin is already a viable currency. Now. Today.\u201d<\/em><\/p>\n

With increasing real-world use cases, Bitcoin may serve as digital gold in some regions while thriving as digital cash in others.<\/p>\n<\/p><\/div>\n

Source link <\/a>
\n
<\/p>\n","protected":false},"excerpt":{"rendered":"

(Originally posted on : Crypto News – iGaming.org ) Initially intended as \u201cpeer-to-peer digital cash,\u201d Bitcoin (BTC) has mostly been regarded as a store of wealth. But according to a recent research co-authored by the Bitcoin scaling company Breez, the cryptocurrency is making a significant resurgence as a mode of payment. This change is being […]<\/p>\n","protected":false},"author":6,"featured_media":47247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47246"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=47246"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47246\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/47247"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=47246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=47246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=47246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}