Bitcoin.com monthly recap for November 2021

Bitcoin.com monthly recap for November 2021

Bitcoin.com Wallet upgrades

✅ Instagram-style "stories" added
Get trivia, fun facts, interesting quotes, tips & tricks, news bites, and more.

✅ EIP-681 support
Now you can scan Ethereum QR codes to pre-fill the send address and send amount, then confirm the transaction via your wallet.

✅ ERC-20 "Markets" view added
Track the performance of select ERC-20 tokens and get descriptions of the projects. (Android only for now, but coming soon to iOS).

✅ ERC-20 widgets added
Track the performance of ERC-20 tokens right from your home screen. (Android only for now, but coming soon to iOS).

Other upgrades

🐕 Buy SHIB with cash
Get direct access to everyone's favorite dog-based meme coin at buy.bitcoin.com. Pay with credit card, payment app, and more.

🇦🇺 Sell crypto for cash in Australia
Residents of Australia can now exchange crypto for cash here.

Milestones

🚩 25 million wallets created
November 25th marked the 25 millionth crypto wallet created in the Bitcoin.com Wallet since launching in June 2017. For context, it took almost two years to reach the first five million, but five million wallets were created in just the last five months. In other words, adoption of the Bitcoin.com Wallet, like adoption of crypto more broadly, is going parabolic.

🚩 Nigeria-based Wallet downloads surge
For the first time ever, Nigeria topped the list of Bitcoin.com Wallet downloads by country in November.

In Nigeria — a country that suffers from double-digit inflation and where the government has banned financial institutions from interacting with companies that deal in cryptocurrencies — people can nevertheless install and use the Bitcoin.com Wallet to support their economic freedom.

News

While the price of Bitcoin and total market cap of all cryptocurrencies has been lackluster in November, the march of adoption and the growth of the industry continued. As always though, there are setbacks and pockets of resistance.

Here's a recap of some of the biggest stories in November:

The shift towards public-market funded Bitcoin mining continues as mining firm Griid Infrastructure announced the company had secured a $525 million credit facility.

In a first-of-its kind, El Salvador announced plans to issue a $1 billion Bitcoin bond to fund 'Bitcoin City,' which includes a geothermal bases mining component.

On the other hand, some European countries are signaling their distaste for Bitcoin mining. Norway, for instance, mulled backing Sweden's call for Euro ban on crypto mining.

While fund managers say they increasingly prefer Bitcoin to gold as a store of value…

…certain politicians continue to speak out against crypto. For instance, Hillary Clinton waned crypto could destabilize nations and undermine the Dollar as the world's reserve currency…

…and Nigeria's Central Bank Governor stated that cryptocurrency is a product "Embedded in a high level of illegality."

On the adoption front, the list of professional athletes taking their pay in Bitcoin grows. In November, NFL Football Star Odell Beckham Jr announced he's giving away $1 million in Bitcoin and will take his new salary in BTC.