The chief strategy officer of US Dollar Coin (USDC) stablecoin issuer Circle is optimistic about the future of crypto.
Dante Disparte, who is also responsible for global policy at the Circle, said: To tell Just as the computer revolution forced companies to incorporate information and communications technology into their operations, the adoption of cryptography is inevitable.
According to Disparte, cryptocurrencies continue to play a major role in the financial industry.
“Arguably, as boards and executives reluctantly own their cybersecurity and digital transformation mandates, adoption of cryptography is just as inevitable, even if it sounds like a bad word. Hm. Despite its shortcomings, this technology continues to be a staple of the global financial world.”
Given the failures witnessed in the crypto industry in 2022, Circle’s Chief Strategy Officer says breakthrough technology must be under the control of responsible stakeholders.
According to Disparte, the future will be shaped by countries creating cryptocurrency regulations and policies that promote “responsible competition.”
“A more permanent approach to any breakthrough technology would offset its harmful effects by putting the technology (like all tools) in the hands of responsible parties and encouraging responsible use. That’s it.
Here are the regulatory and policy conundrums associated with the 2022 crypto debacle. Countries that enable responsible competition will shape the future. Cryptography and blockchain remain an integral part of the modern economic toolkit, but these tools could have done a lot of damage if used by the wrong people. “
According to Circle’s Chief Strategy Officer, 2022 could be a turning point for cryptocurrency technology, much like the early 2000s was for internet startups.
“Just as it took the dotcom bubble that burst in the early 2000s to hand over the future of the internet to more durable companies, business models, and use cases, perhaps in 2022, crypto technology and blockchain infrastructure will will be passed into more stable hands.”
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