The co-founder of Aptos (APT) believes the layer-1 cryptocurrency project is on the verge of large-scale mainstream adoption.
In a new interview with cryptocurrency influencer Scott Melker, Aptos CEO and co-founder Mo Shaikh said the speed of the Aptos network makes it a very attractive blockchain for payments.
He also said Aptos’ new cold storage wallet card, designed to store users’ portfolios of digital assets, could make cryptocurrency payments more mainstream.
“Within a year or two, we would like to see card and mobile wallet penetration increase to over 20% of all cardholders or mobile devices. “It would be something we would be incredibly proud of, and we are very close to doing it.”
He compares the Aptos project to early tech companies that later became giants of the tech industry.
“It’s no different than how Facebook grew like wildfire. Competitors like TikTok have grown like wildfire. We are right there, at the turning point. And these types of products really help make that happen, but they can only really exist on Aptos. Because transactions using this card again have a finality of less than a second and a thousandth of a cent for transaction settlement. I mean, how will payment networks compete? I’m not sure.
So it’s going to happen very quickly and I don’t think people will really appreciate it. Some do. They are trying to catch up with us. But it’s no different than when Netflix came along and completely turned the video content creation and distribution model on its head. Something similar is happening right before our eyes and it’s hard to believe that two years later we’ll be having this conversation again.”
Some cryptocurrency insiders are bullish on Aptos for the long term.
BitMEX founder Arthur Hayes recently said that Aptos can solve many problems in the world of traditional finance (TradFi) and predicted that it could overtake Solana (SOL) this cycle.
Aptos is trading at $9.04 at the time of this writing, up slightly over the last 24 hours.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us XFacebook, Telegram
Daily Hodl Mix Surfing
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
Image created by: Midjourney