Blockchain Innovations Take Center Stage In Countries Such As Singapore
Portfolio Pulse from Khyathi Dalal
Countries worldwide are investing in blockchain technology and cryptocurrency, with Singapore, Switzerland, South Korea, Malta, the U.S., and UAE leading the way. Singapore recently received a Major Payment Institution license, enabling it to offer Digital Payment Token services. South Korea disclosed $98.5 billion in foreign cryptocurrency assets. The U.S. leads in blockchain innovations and venture capital investments. The UAE is exploring blockchain technology across various industries. The global blockchain tech market is expected to reach $1.432 billion by 2030, and the global Fintech Blockchain Market is projected to expand to $21.67 billion by 2028.
October 03, 2023 | 7:14 pm
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Bitcoin is mentioned as being adopted as legal tender in El Salvador, indicating increased blockchain adoption. This could potentially increase the demand and value of Bitcoin.
The adoption of Bitcoin as legal tender in a country signifies a major step towards mainstream acceptance of cryptocurrency. This could potentially lead to increased demand for Bitcoin, which could drive up its price.
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