In the second half of 2024, the cryptocurrency market experienced a series of positive developments, including Bitcoin's successful launch of an ETF, Donald Trump's election as president, and Paul Atkins being nominated as SEC chairman. These events significantly boosted market confidence, driving Bitcoin's price past $100,000 and its market capitalization to $2.1 trillion, surpassing silver's market value. Federal Reserve Chairman Jerome Powell noted that Bitcoin is gradually becoming "virtual gold" and is widely accepted globally.
However, despite the optimistic market sentiment, discussions about whether Bitcoin can challenge gold’s status persist. The path to surpassing gold’s market capitalization is still long. Currently, Bitcoin's value cycle remains primarily dependent on the on-chain ecosystem, where market increment funds drive price increases but also face challenges with liquidity and market volatility. As institutional investors demand more stable returns, if market yields are insufficient and capital inflows slow down, Bitcoin’s price could face downward pressure. Therefore, the industry must focus on introducing sustainable use cases to maximize Bitcoin’s Beta value and ensure long-term stable growth.
The Value of MIRO
Within the Bitcoin ecosystem, an increasing number of innovators are building financial tools around Bitcoin. Solv is a prime example in this area, creating an abstraction layer centered on BTCFi that enhances liquidity and yields within the Bitcoin ecosystem, providing Bitcoin holders with new passive income streams and injecting new liquidity into the market. We view it as the "on-chain Federal Reserve," as it not only helps Bitcoin achieve an internal value cycle but also connects key market players.
MIRO aims to achieve similar innovations, helping Bitcoin integrate into the global market's value division, especially within the crypto payment sector. We believe payments are the ideal way to link Bitcoin’s value to the real world. As a crypto payment infrastructure, MIRO will provide strong technical support for Bitcoin's broader adoption.
On-Chain PayPal
In the crypto payment sector, consumers are often not unwilling to try but rather lack convenient payment tools. Currently, the entry barrier for crypto payments is relatively high, while PayPal's success story proves that simple, user-friendly interfaces, broad merchant support, and efficient payment experiences are key to widespread adoption. To enable widespread use of crypto payments, we need to learn from these successes.
MIRO is building a Web3-era crypto payment infrastructure designed to seamlessly integrate crypto payments for more consumers. We are developing a blockchain payment network centered on Bitcoin, aimed at serving both consumer (B2C) and business (B2B) users. This is why we aspire to become the on-chain version of PayPal.
For B2C users, MIRO has introduced an AI-powered intelligent payment network. Using account abstraction technology, users can make seamless Bitcoin payments in various consumption scenarios. For example, users can use Bitcoin to buy coffee from online merchants or shop on e-commerce platforms. During this process, MIRO’s AI system automatically optimizes the payment path and simplifies the payment process, allowing users to complete crypto payments easily.
For B2B users, MIRO offers a complete technical stack. Developers can integrate MIRO’s API and SDK tools to create crypto payment solutions that meet the needs of different business systems and consumers.
Looking Ahead
MIRO is not only a key bridge between consumption scenarios and crypto payments but also drives the adoption of mainstream cryptocurrencies like Bitcoin in the consumer market. MIRO is already covering various industries, including hospitality, e-commerce, and food services, helping crypto payments take root in these fields. Through these efforts, we are actively expanding the crypto payment ecosystem and striving to become a leading brand in the crypto and Bitcoin payment sectors.
By building convenient crypto payment infrastructure, MIRO is facilitating the deep integration of Bitcoin with traditional consumer markets. As this ecosystem continues to expand, we are confident that the post-crypto era will bring new value growth for Bitcoin and propel the crypto industry into its next development phase. MIRO's value will continue to grow throughout this process, establishing it as a significant force within the industry.
