The global adoption of cryptocurrency is on the verge of a significant surge, according to Pavlo Denysiuk, CEO of Lunu.
Speaking at NFT Fest 2024, Denysiuk projected that the number of crypto holders worldwide could triple by 2026, potentially exceeding one billion users.
Denysiuk highlighted the growing interest in cryptocurrencies and their potential for everyday transactions.
“In the next two years, we could see the number of cryptocurrency holders double or even triple,” he said. “This will drive wider adoption for payments as well.”
Currently, about 560 million people, or 6.8% of the world’s population, own cryptocurrencies, according to the 2024 Crypto Ownership report by Triple-A.
Denysiuk emphasized that for cryptocurrencies to become a mainstream payment method, the necessary infrastructure needs to be in place.
“When the infrastructure is ready, and you see a ‘we accept crypto’ sticker at your local store, it will become just another payment option,” Denysiuk explained.
A key factor in this transition will be the use of stablecoins, which offer a stable value compared to other cryptocurrencies.
The stablecoin market is currently valued at over $163 billion, representing 7.6% of the total cryptocurrency market.
