Hold on to your wallets! A recent report from Reown reveals that the crypto ecosystem is growing up. Users are doing more than just trading—shocking, I know. Apparently, payments and artificial intelligence (AI) are the golden ticket to mass adoption. Who would’ve guessed?!
While everyone’s getting excited about the future of crypto, there are still some pesky issues like fees, security, and interoperability lurking in the background. But hey, who doesn’t love a good challenge, right?
The Future of Crypto Adoption: Or How to Get Your Grandma to Use Bitcoin
Reown recently dropped their blockbuster report, “The State of Onchain UX,” to BeInCrypto. This juicy read was based on a survey of 1,038 crypto users from the US and UK, done between February 19 and 26, 2025. Spoiler alert: crypto users aren’t just using it to trade—shocking development!
37% of users believe that payments (including stablecoins and remittances) will be the real game-changer for crypto. Oh, and stablecoins are now up to 37% usage—up from just 20% last year. So, they’re basically the hottest thing since sliced bread in crypto land.
Oh, and crypto wallet usage is also on the up. Reown saw a 1.27x increase in wallets across regions in 2024. Clearly, everyone’s on the “wallet” bandwagon now.
And here’s a fun fact: 54% of users are already using crypto for payments. Not just for trading, people! Real-world use, can you believe it?!
“For crypto payments to hit the mainstream, they need to be as easy as swiping your credit card at the grocery store. No one wants to understand blockchain mechanics, they just want to pay for their coffee,” Reown’s Payments Product Manager, Mirna Barca, wrote. Oh, how the tables have turned!
But wait, there’s more! AI is another key player, with 35% of users betting on it to push crypto into the stratosphere. But, of course, there’s some skepticism about how blockchain and AI are going to work together. Only 29% think they’ll make a good pair. 18% believe crypto will even help AI along. But hey, we can all dream, right?
“Trading might be king today, but payments and AI are the real MVPs that users think will push crypto to the next level,” the report boldly declared. You don’t say! 😏
Meanwhile, 26% of users think regulatory advancements and tokenization will also play a crucial role. Because, as we all know, regulations are *everyone’s* favorite topic. Trump’s administration (yes, he’s still relevant to this) got the crypto regulatory ball rolling. And don’t forget, SEC chairman Paul Atkins is all about that crypto regulation. It’s his ‘top priority,’ folks!
This regulatory focus has gotten crypto users all hyped up, with 86% believing it’s the key to mainstream adoption. The other 14%? Well, they’re not so sure and think it might slow things down. Some people just can’t handle change, I guess.
“We’re almost done with regulatory uncertainty in the US, and in Europe, MiCA is finally taking shape. But don’t hold your breath just yet,” said Marco Santori, Director of WalletConnect Foundation. The suspense is killing us!
What’s Keeping Crypto from Going Full Mainstream? (Hint: It’s Not Just the Fees)
Before crypto can become your grandma’s payment method of choice, there are a few bumps in the road. For one, security is a huge issue, with 33% of users saying it’s crucial for wider adoption. Privacy and data protection standards also came in hot at 25%. You know, just the usual boring stuff.
Good news: 69% of users now feel more secure than last year, up from 50.5%. Bad news: phishing attacks are on the rise. Now 21% of users are reporting phishing issues—up from 14.4%. Talk about a double-edged sword!
“Phishing attacks are up, and that’s a huge problem. But if we can make transaction signing more transparent and build in fraud protection, users might just feel like they’re in control,” Reown’s CEO Jess Houlgrave mused. Well, that’s comforting, isn’t it? 😜
44% of users are now using multiple wallets for security—up from 32.8% last year. The crypto world just became a little more complicated. But hey, who doesn’t love juggling wallets?
And those pesky high fees? A whopping 39% of users say they’re keeping them from going full crypto. Of course, 30% think that lower fees could push them into the crypto stratosphere. Maybe we should just give it away for free? 😏
Interoperability is also a big deal for 47% of users, though only 14% consider it a core issue. Developers, are you listening?
Reown’s report basically says: If we want to take this crypto thing to the next level, developers need to focus on real-world use cases. People don’t want to just trade, they want to pay, shop, and maybe even buy their morning coffee. This is not a drill, folks.
“Getting this dynamic right will be crucial for mainstream adoption,” the report wrapped up. Well, we’ll see about that! 😉
So, with 67% of survey participants optimistic about crypto’s future, the on-chain ecosystem is definitely growing. But to truly unlock its potential, we need to sort out security, fees, and interoperability. After all, the future is now… or maybe next year. Fingers crossed. 🤞
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2025-04-30 14:55