Crypto Mass Adoption Around The Corner?

As of April 3rd, the US's largest supermarket chain will stop accepting payments by Visa at 142 stores and 108 gas stations across seven states.

With 2,800 locations across the States, Kroger has long been at odds with Visa and due to rising transaction costs, last July they shut the option at 21 locations in California. This latest update is a significant escalation.

Some are hopeful that the supermarket giant might be keen to adopt bitcoin lightning as a cheap alternative to Visa cards. While that would be totally wumbo, I'm not sure that the LN network is quite ready for that just yet as the infrastructure is still very much under construction.

The question of mass adoption of cryptocurrencies is one that has been pondered by many industry advocates and certainly is not without its hurdles

Starbucks is planning to accept bitcoin through Bakkt by the end of the year. Birks Group in Canada has already started accepting bitcoin for Jewelry in some stores. Rakuten in Japan is also reportedly setting up an option for crypto payments that could go online soon.

In stable economies, the question is more about convenience than necessity and so adoption will only take place once it's cheaper and easier for consumers. Kroger's latest move has highlighted the 'cheaper' part, the infrastructure for 'easier' is being built as we speak.

Traditional Markets

With 17 days left to the official Brexit deadline, things are getting tight. Today Parliament will vote on yet another version of May's deal with the EU. The deal has reportedly only been altered slightly since the last time Parliament voted it down in a historic defeat for the British Prime Minister.

Should the vote fail again, Parliament is preparing another vote to close the possibility of a 'no deal Brexit' and take the option off the table. After that, we'll probably see some sort of attempt to delay the March 29th deadline. 

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