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Analyst: The practicality of cryptocurrency has emerged, with stablecoins, payment and communication applications becoming the main scenarios

Analyst: The practicality of cryptocurrency has emerged, with stablecoins, payment and communication applications becoming the main scenarios

Bitget2024/09/23 00:53

K33 Research analyst David Zimmerman pointed out that despite the skepticism triggered by the MEME coin craze, the practical applications of cryptocurrency have emerged. The market value of stable coins has reached $175 billion, becoming an important financial tool in emerging markets. In the payment sector, Mastercard cooperated with Mercuryo to enable over 100 million merchants to accept crypto payments; PayPal and Venmo integrated Ethereum naming services to simplify transfer processes.

In the communication field, DePIN project Helium has attracted 113,000 users for its mobile service. In terms of social apps, Telegram with nearly a billion monthly active users integrated Open Network (TON), and LINE with 230 million monthly active users also collaborated with Kaia to promote cryptocurrency application in instant messaging. Southeast Asia's major ride-hailing app TADA launched "TADA Mini", allowing users to pay fares via Telegram using TON or USDT.

Zimmerman emphasized that these developments indicate that cryptocurrencies are gradually integrating into daily life and providing actual value for users. Although MEME coins still occupy a significant share of the market, the serious part of the crypto industry is steadily advancing and offering innovative solutions for real-world problems.

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