Ethereum’s Vitalik Buterin Explains Crypto Mass Adoption

It’s been revealed that Ethereum’s creator Vitalik Buterin is addressing crypto adoption these days. Check out the latest reports below.

According to the latest reports coming from the online publication the Daily Hodl, Ethereum (ETH) creator Vitalik Buterin says he considers crypto assets to be a superior form of making payments compared to mainstream alternatives.

He explained the fact that using digital coins for payments doesn’t just deter censorship, it is also a more convenient method for international remittances and business deals, based on his personal experiences.

“People continue to underrate how often cryptocurrency payments are superior not even because of censorship resistance but just because they’re so much more convenient. Big boost to international business and charity, and sometimes even payments within countries.”

Buterin also pointed out to the fact that he uses digital assets to support charities and academic organizations – these have had limited or no connection to crypto assets.

“I’ve used crypto to give grants to medium-sized charities and otherwise-unconnected-to-crypto academic orgs. Not big orgs the average person would have heard of, but still significant stuff outside the crypto bubble.”

He also made sure to explain the following fact:

“I do think that the adoption and integrations that make crypto actually usable for semi-mainstream international payments ultimately depend on its credible neutrality (which censorship resistance is a part of).”

In a new interview with Bloomberg Technology, Valkyrie CIO Steve McClurg made sure to explain to people that as Ethereum (ETH) prepares to transition to a proof-of-stake consensus mechanism in September, the crypto asset manager is exiting all of its positions in ETH.

He also explained that Ethereum’s upgrade to a proof-of-stake consensus mechanism comes with tradeoffs that could pose major risks to investors. Stay tuned for more news from the crypto space.