Binance Highlights City Hall of Rio and Flamengo in Cryptocurrency Adoption

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Binance published an infographic on the institutional adoption of cryptocurrencies in 540, even highlighting Flamengo, a Brazilian football club. The study was released by Binance Research, the research arm of Binance, the world’s largest cryptocurrency exchange.

The exchange’s analysts regularly publish essays with insights on topics related but not limited to the ecosystem of cryptocurrencies, disclosing blockchain technologies and the latest market topics.

In the study on the adoption of cryptocurrencies in 540, Binance highlighted several companies that entered the sector between January and November.

And adoption goes not only through cryptocurrency itself, but also through NFTs and the so-called Web3.

Binance launches study on institutional adoption of the Web3

In January, companies such as CashApp, Robinhood and Twitter were highlights. In February, KPMG, Twitter, GameStop, ConocoPhillips, BNY Mellon, Intel, JPMorgan, Rakuten and Sling entered the sector, via partnerships or directly.

In March, companies such as CVS Health, Universal and Billboard, Tencent, JPMorgan, Baidu, Misfits Gaming and StateStreet created solutions in the sector.

Closing the first quarter, the month of April arrived with support from Fidelity, Robinhood, Tesla, Stripe, LBMA, Mastercard, Commerzbank and Stripe.

Binance says in a study on the institutional adoption of cryptocurrencies that City Hall of Rio and Flamengo are highlights

In In a more recent study, Binance Research points out that the period between May and August was marked by the entry of many companies. They are Meta, Instagram, Cloudfare, PayPal, American Express, Shell, Formula 1 and others.

In the period between September and November, some of the highlights are Brazilians. This is because, Binance recalled that the Rio City Hall and Flamengo are promoting the adoption of cryptocurrencies.

In the case of the city hall, the intention is to accept cryptocurrencies as a means of payment. The club from Rio de Janeiro is close to the company MoonPay, a payment facilitator in the sector.

Binance Research destacou adoção do Flamengo e Prefeitura do Rio no setor de criptomoedas e Web3
Binance Research highlighted adoption of Flamengo and Rio City Hall in the cryptocurrency and Web3 sector. Reproduction.

That is, even if the year of 2022 has not come to an end, the study shows a great institutional adoption in the sector. Large companies are already taking a stand and seeking to bring news to customers, with cryptocurrencies or NFTs.

In Brazil, it is worth remembering that the adoption of cryptocurrencies by companies recorded a record number of declarations to the Internal Revenue Service in the month of August 2022.