The cryptocurrency market has come a long way in a seemingly short amount of time. Digital payment platforms have particularly taken note of the crypto market’s impressive growth, which is evident, as many have adopted new features and support for more cryptocurrencies.
United States-based customers in particular seem to be reaping the benefits of recent implementations being made by digital payment providers. It’s especially notable that these new features are coming at a time when the Office of the Comptroller of the Currency has granted permission for federally chartered banks to custody cryptocurrency.
Mati Greenspan, a crypto market analyst and the founder of Quantum Economics, told Cointelegraph that the advantages of cryptocurrencies and other digital assets are now quickly becoming apparent to all:
“It did take a while, but governments and large corporations are finally realizing the power of programmable money and the necessity for digital scarcity. The internet of value is now under construction and they don’t want to be left behind.”
A race to drive adoption
Just as the U.S. government has started taking note of cryptocurrency’s intrinsic value, digital payments platforms seem to be adding support for more cryptocurrencies for their American customers. For example, Uphold just added support for Cardano (ADA), Zilliqa (ZIL), LINK, Cosmos (ATOM) and EOS.
JP Thieriot, the CEO of Uphold, told Cointelegraph that these five cryptocurrencies fall into Uphold’s “Tier 4” category, which includes up-and-coming digital assets that are quickly