For Bitcoin To Grow, Barriers To Retail Adoption Must Be Overcome

For Bitcoin To Grow, Barriers To Retail Adoption Must Be Overcome
фото показано с : bitcoinmagazine.com

2022-4-7 23:19

At Bitcoin 2022, a panel of experts discussed accelerating retail involvement in BTC and how to onboard 100 million people.

A panel moderated by the managing editor of Blockworks, Michael Bodley, focused on how to onboard retail into bitcoin at scale. The panel had an array of experienced speakers such as Johnny Ayers, Aparna Chennapragada, Tushar Nadkarni and Tom Pageler, all with clearly defining specialties in approaching retail. The conversation focused on user experience and accessibility, and also discussed the need for belief in a better system.

At Bitcoin 2022, a panel moderated by Michael Bodley focused on the challenges of onboarding retail into the bitcoin ecosystem. When referring to retail in this context, we are speaking of the average person hoping to invest in bitcoin. The panel included Johnny Ayers, Aparna Chennapragada, Tushar Nadkarni and Tom Pageler.

“How do we onboard the next 100 million users?” asked Michael Bodley, managing editor for Blockworks, a financial media outlet that focuses on digital assets.

“I’ve seen some folks take a week or two-weeks to open an account,” said Ayers, founder and CEO of Socure, a company that produces enterprise-grade identity verification and fraud detection solutions. He was referring to his company's success in scaling identity and fraud verification measures in reference to the failure of companies to provide a pleasant user experience for new users trying to register.

This is a common issue for many companies, and even Chennapragada commented that citizens of the U.S. take for granted the ease of access they have when registering for these services, as other countries hold more barriers.

“If you drop the economic barriers, experiential barriers, emotional barriers, diversity becomes inherent to the platform,” said Chennapragada, currently the chief product officer for Robinhood, a mobile stock trading app. This is largely true and even Pageler agreed when he noted that when a customer registers for a new service and they are happy about it, they typically reference how easy the enrollment process was.

Pageler, CEO of Prime Trust, a fintech company tailored for digital asset innovation and on-boarding infrastructure that allows digital asset companies to scale and he noted that building toward user experience is necessary, “We have to keep doing it and keep innovating,” he said.

User experience isn’t everything though, Nadkarni noted. Products and services are wonderful for a company to have, but inspiration can take them much further.

“The ability to give people the belief they have access to wealth generation is necessary,” said Nadkarni, chief growth and product officer for Celsius, a blockchain-based financial services platform that offers non-traditional solutions.

This panel largely focused on discussing the need for providing healthy consumer experiences and building toward accessibility, but as Nadkarni noted, we have to keep the dream alive. The best way to do this is making that dream a reality for as many people as possible.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 97652.97 (-0.19%)
Объем 24H $96.721b
Изменеия 24h: 3.47 %, 7d: 7.52 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1932.106b Rank 1
Цена в час новости $ 42940.84 (127.41%)

bitcoin retail btc accelerating involvement 100 people

bitcoin retail → Результатов: 126


Фото:

Bitcoin Retail Buying Spikes, Adoption Accelerating?

On-chain data shows that Bitcoin retail investors have been aggressively buying the asset recently, a sign that adoption may accelerate. Bitcoin Shrimps Have Been Aggressively Accumulating Recently According to data from the on-chain analytics firm Glassnode, only 116 days in the entire history of the cryptocurrency have seen stronger accumulation from retail traders. The relevant […]

2023-4-5 21:25


Фото:

Sharp Decline in Retail Investments As Bitcoin Braces For Tough Times

Bitcoin has been experiencing a sharp decline in retail investments for 426 days since last year’s great miner migration out of China. According to a recent network analytics report by Glassnode, the decline equates to the retail investor purge experienced for 474 days during the infamous 2018 bear market. This comes even as the Bitcoin […]

2022-9-30 23:28


Фото:

$15 Billion Store Elektra Becomes First Retail Chain To Accept Bitcoin In Mexico

One of the largest retail stores in Mexico, Elektra has announced that it will now start accepting Bitcoin for purchases.  This is according to an announcement by the company’s founder and chairman Ricardo Salinas Pliego moments after the store changed the hero image on its website displaying the Bitcoin logo. “The rumors are true, ElektraMx […]

2021-12-18 17:00


Data: Retail Interest in Bitcoin Peaked Just Before 13% August Flash Crash

Bitcoin’s price has rebounded following a brief selloff seen earlier today that caused it to dip as low as $11,200 The cryptocurrency’s recent strength has come about due to the confluence of multiple factors that have all been helping to drive it higher It remains roughly $1,000 below its 2020 highs that were set in August, however, and there’s still a plethora of underwater investors Data reveals that retail interest in buying Bitcoin seemed to […]

2020-10-13 02:00


Bitcoin Retail Shopping App By Bitplaza Inc

As we are entering a period of accumulation and mass adoption, the use cases of crypto still remain unclear for everyday individuals that debate the value and impact it will have in society. While businesses and institutional investors are starting to implement blockchain into their business practices, crypto enthusiasts are still trying to find ways […] The post Bitcoin Retail Shopping App By Bitplaza Inc appeared first on NullTX.

2020-2-9 21:55


Фото:

American Retailer Target to Launch Open Source Blockchain for Supply Chains

In May 2018, Target Corporation, the eighth largest retailer in the United States, began working on an open source blockchain project for supply chain tracking called ConsenSource. According to a post released by Joel Crabb, the retail giant will also support the Hyperledger Grid, a project initiated in large part by Cargill, one of theRead MoreRead More.

2019-6-12 13:00


Фото:

Report: Retail Banks Still Wary of Blockchain Technology

While distributed ledger technology (DLT) is fast gaining traction in several sectors of the global economy including investment banking, remittance, payments, and others, a new report by McKinsey & Co has revealed that the retail banking ecosystem have been slower to integrate the technology due to regulatory challenges and other bottlenecks, reports Bloomberg on JuneRead MoreRead More.

2019-6-9 09:00


Bitcoin’s biggest advantage is its network effect, says Monero’s Riccardo Spagni

Bitcoin [BTC], the largest cryptocurrency by market cap, marked the first decade of decentralization this January 2019 by celebrating the 10th anniversary of its genesis block generation. Over the years, Bitcoin grabbed the attention of retail investors, institutional investors, regulating bodies and even powerful government bodies across the globe.

2019-6-4 07:37


Фото:

Walmart Joins Blockchain Consortium MediLedger to Track Pharmaceuticals

In a bid to bring more transparency to the supply chain of pharmaceutical goods, retail giant Walmart has joined blockchain consortium MediLedger, Coindesk reports, June 3, 2019. Tracking Pharmaceutical Goods with Blockchain Although blockchain technology is making encouraging inroads across myriads of industries, its utility in the supply chain management space is especially fascinating.

2019-6-3 19:00


Could Billionaires Buy 25% Of Bitcoin’s (BTC) Total Supply? Dadiani Syndicate Might Have a Say

Dadiani Syndicate helps large clients buy or sell Bitcoin There is an interested party that wants to purchase 25% of all the current Bitcoin supply In general, when retail investors want to purchase Bitcoin (BTC), the first thing that comes into their mind is to open an account on a cryptocurrency exchange, deposit some funds […]

2019-5-31 18:09


Bitcoin Bulls and Mainstream Media Not on the Same Page as Headlines and Price Shows Divergence

Bitcoin is more famous now in 2019 than it ever was before. The recent price spike caused the newest wave of people investing in the asset today. Traditional financial investors, giants from social media and even retail companies such as Starbucks are all talking about cryptos, this is a fact. However, most of the mainstream […]

2019-5-30 01:17