Perhaps not a surprise, Binance is barely mentioned in the statement and the whole focus is on the redesigned BNB Chain. But according to a Deloitte report from June, which surveyed 2,000 retail executives, 85 percent of them want to be able to accept bitcoin payments. While 83 percent of respondents think that cryptocurrency will become legal cash within the next 10 years
In more recent news, the first stablecoin backed by the pound was created in the UK with KPMG serving as auditor, effectively giving cryptocurrencies the seal of corporate legitimacy. But when one regards cryptocurrencies as the initial wave of something new on the horizon, whether it survives or disappears into the ether may be a moot question. This emerging technology is known as Web3 or Web 3.0 in some circles.
Web3 is being hailed as the next generation of the internet, a decentralized version of the existing internet using distributed ledger technology (DLT) as its foundation. Cryptocurrencies, blockchain, self-sovereign identities (SSI), and decentralized finance are all products of DLT (DeFi)