๐Ÿ†˜Problem

Low adoption of crypto

The adoption of cryptocurrencies and blockchain tech in general is still in very early stages and there are attempts to Socialize this segment if we look at TON and Telegram, Libra and Facebook, and more recently, the statements of Twitter โ€œlooking in that directionโ€.

All in all, they all failed as of now, because of regulatory barriers that may harm already big businesses. While the adoption in FB, TG or Twitter might be relatively high, with relatively smaller effort Clouch decided to approach the problem from a totally different angle.

Why we believe that we will succeed where FB or TG failed, is that the top to down approach when corporates wanted to grab the share of the market met a lot of resistance, while our down to top, almost grassroot, approach is bringing together the already existing ecosystem and give it THE platform.

UPDATE FEB 16, 2022:

By the time of Whitepaper update Twitter has launched tipping with Bitcoin; by the second update Whatsapp announced the test flight with crypto wallets and later Telegram has started experimenting with their wallet as well.

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