Without a doubt, interest in cryptocurrencies is growing. In the UK, a survey by the FCA revealed that there has been a 20% increase in the number of people who now own crypto assets. In its press release, the FCA reported: “Enthusiasm for cryptoassets is growing, with more than half of cryptocurrency users claiming to have had a positive experience so far and likely to buy more (increasing from 41% to 53%). There are also fewer who regret having bought cryptocurrencies, going from 15% to 11%”. It's not just in the UK. In a recent survey by SelfWealth, which is listed on the ASX and is one of the largest online brokers in Australia, with more than 95.000 investors, it was discovered that “30% invest in crypto”.
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We've written and featured on several occasions about how West Coast tech companies like Apple, Amazon, Google, Facebook, etc. seem to be looking to "take a Byte out of the big city." All of these tech companies have gone to great lengths to build their payment platforms, which rival what many of New York's financial services firms have historically offered.