To Accelerate Cryptocurrency Adoption, We Must First Improve User Experience
Firstly, it’s important to communicate why there are key differences between traditional fiat money, such as euros, dollars, pounds, etc., and crypto, such as Bitcoin (BTC), Ether (ETH), etc. At the same time, it’s important to communicate that this is not just a crypto versus traditional banking scenario — banks and institutions are also integrating cryptocurrencies into their systems.
Many cryptocurrency exchanges are building strong relationships with banks across the world, and a variety of traditional institutions are also educating their users on the many advantages of crypto. When it is more attractive to hold rather than spend Bitcoin, creating reward systems like crypto cashbacks without the need to visit the bank makes crypto adoption more intuitive.