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Wassup E.T Fam?! I just wanted to briefly check in and talk with you all about the Google and Bakkt partnership that was announced. For those of you that are unaware, Google has partnered with Bakkt to add support for Bakkt’s virtual Visa card through Google Pay. This will allow people to purchase goods or services using Bitcoin. I realize that most of us will have mixed feelings about this move because of the issue of centralization. Though I understand that POV, I would implore you all to keep in mind that this is what mainstream adoption looks like.
Most of us degens and crypto purists prefer to keep things as decentralized as possible, and that’s fine. However, the greater majority of the population want their transition into crypto to be seamless and easy. For now, the only way that will be achieved is by partnering with companies such as Google, PayPal, etc…. This is also where those of us that are early adopters will be rewarded for our dedication to this space. As the industry develops and innovation continues to take place, I have no doubt that the crypto industry will be completely self reliant….in the meantime, we must continue to play chess. Those are my thoughts for the evening. Comment below and let me all know if you think this is good or bad for crypto?
#bitcoin #cryptocurrency #altcoins
DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR
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