#adoption
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The proposal to create a digital Euro by the European Union is facing academic skepticism, with some specialists forecasting its doom from the get-go.
Two economists from the University of Bern, Cyril Monnetm and Dirk Niepelt, have cited preset storage limits for users as a primary concern.
They also flagged the possible disinterest of banks in the digital Euro's success if it doesn't lead to significant revenue. Without the backing of commercial entities, they believe, widespread adoption might remain a distant dream. 
Casting their gaze five years into the future, investment company Bernstein speculates the stablecoin market will burgeon to a staggering $2.8 trillion.
A key catalyst for this boom? The widespread adoption of stablecoins by financial platforms, a trend set to amplify the circulation of these tokens. 
At the UN Table: AI's Bright Horizons vs. Looming Threats
In mid-July, for the first time, world leaders assembled at the UN Security Council to grapple with the risks tied to widespread AI adoption. The discussion bore fruit in the form of a three-year action plan, with the United Kingdom poised to potentially take the lead in global regulation. 
Choosing a Crypto Card?
A crypto card is an essential financial tool, significantly accelerating the widespread adoption of cryptocurrency, and offering the chance to abandon traditional cash and fiat currencies completely. With a crypto card, you can make purchases in retail outlets worldwide or online, paying for goods and services with digital assets. Interview with Yulia Parkhomenko (Ukraine's MDT)
We recently had the opportunity to connect with Yulia Parkhomenko, the Head of the Digital Economy Department at the Ministry of Digital Transformation, during the latest Incrypted Crypto Summit in Kyiv. The exchange provided a crucial insight into the Ministry's stance on pressing crypto-related issues and the state of crypto adoption in Ukraine. The Litecoin Community Tests an LTC-20 Standard
The developers of Litecoin, often referred to as the "digital silver," have meticulously scrutinized the outcomes stemming from the adoption of the Bitcoin Ordinals protocol and BRC-20 tokens. Encouraged by their findings, they have resolved to replicate this paradigm within the Litecoin network. 
The Central African Republic (CAR) is expanding its Sango blockchain initiative to include the tokenization of land and natural resources. Recently, the CAR National Assembly passed a law, receiving unanimous approval, that facilitates online business visa applications and simplifies the process for both locals and foreigners to establish businesses in sectors like real estate, agriculture, and forestry. This move follows CAR's earlier efforts in the crypto space, including the launch of Project Sango in May 2022 and its brief adoption of Bitcoin as a national currency. 
Despite advances in payment effectiveness and customer care, analysts Alkesh Shah and Andrew Moss from Bank of America think that PayPal USD (PYUSD) won't be widely adopted anytime soon.
They wrote, "Over the longer term, we expect PYUSD to experience additional adoption headwinds as competition from central bank digital currencies (CBDCs) and yield-bearing stablecoins increases." 
The study also revealed that 1 in 3 New York residents views cryptocurrencies as a potential contributor to a more equitable financial system and a valuable investment for the future.
The report highlighted the growing adoption of cryptocurrencies within New York, making the state a hub for diverse blockchain initiatives.
It pointed out the existence of 692 blockchain organizations and over 800 founders located in the state of New York. 
Raoul Pal, once at the helm of Goldman Sachs, envisions a steep rise in the global count of cryptocurrency users. He drew parallels between the initial decade of digital assets and internet evolution, leading to the conclusion that the tally of cryptocurrency enthusiasts could hit the 1.2 billion mark by the end of 2025.
His projections suggest this number could catapult to a staggering 5.1 billion by 2030. The key drivers in achieving such an extensive digital asset adoption, he believes, will be Central Bank Digital Currencies (CBDCs) and NFTs. Coffee Brand Bialetti Launches its Loyalty Program in Web3
Bialetti, a cornerstone of Italian coffee culture, is launching the Moka Expressions NFT membership club. The company identifies its evolution into the digital sphere and the adoption of innovative technology as the next phase in its century-long history. CBDC Payments Introduced on Buses in China
Jinan, a pivotal city situated in the Shandong Province of China, is propelling the adoption of China's trailblazing central bank digital currency (CBDC), known as the digital yuan. An expansion has taken place where the entire bus network of Jinan is now fully equipped to accept digital yuan as payment for bus fares. DID: A Decentralized Identifier
The World Wide Web Consortium (W3C) marked 2022 with a decisive push towards enhancing and integrating Decentralized Identification (DID) technology. The adoption of these decentralized identifiers equips companies and individuals with the means to manage their personal information independently. 
WhiteBIT CEO: We're on the Cusp of Widespread Blockchain Adoption
The end of May brought two large-scale events to the forefront of Ukraine's crypto world — the precursor event to the ETHKyiv hackathon, DAYZERO, and the commencement of the "Cryptocurrency and Blockchain World" webinar series hosted by the national educational platform, "Diia. Digital Education".