BIC coins crypto Despite the Bear Market, Crypto Adoption is on the Rise in Minnesota

Despite the Bear Market, Crypto Adoption is on the Rise in Minnesota

*Cryptocurrency use and adoption are gaining mainstream acceptance in Minnesota.

*They can be used to purchase clothes and food and are accepted at Home Depot, Whole Foods, and Starbucks in the state, according to a University of Minnesota professor, Vivian Fang.

*Paypals inclusion of a crypto payment option has enabled crypto spending at over two million online merchants in the U.S., Fang added, and large purchases are also gaining traction.

*Cryptocurrency ATM provider Coin Cloud has installed 159 kiosks in Minnesota and has also installed machines in North and South Dakota, according to Chris McAlary.

*Kwik Trip, a gas station and convenience store operator at over 500 sites across Wisconsin, Minnesota, and Iowa has partnered with bitcoin ATM provider Coinsource.

*Fang said that unbanked citizens are also a key market since crypto wallet operators do not require a bank account.

*As federal regulators grapple with how to bring enforcement to the sector, state authorities in Minnesota have taken steps to protect investors.

 

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