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Apple, Facebook, Google, and Microsoft to Drive Crypto Boom, Says Cardano Founder
Charles Hoskinson, the founder of Cardano (ADA), has expressed his optimistic outlook on the future of cryptocurrency adoption. He believes that mainstream integration is imminent once key regulatory bills pass into law.
In a recent interview with Scott Melker, Hoskinson emphasized the significance of the stablecoin bill and market structure bill currently being discussed in Congress. He predicted that these bills will be passed within the next 30 to 90 days, paving the way for major tech companies like Apple, Facebook, Google, and Microsoft to integrate crypto wallets into their platforms.
The Cardano founder’s vision is based on the potential for these companies to expose stablecoins to over 3 billion users worldwide. By leveraging their existing user bases, these corporations would be incentivized to offer stablecoin payments, thereby reducing processing fees associated with traditional credit cards.
Once regulatory clarity is achieved, tech giants will find it financially advantageous to offer stablecoin payments, repositioning them as financial service providers. This shift has the potential to drive crypto adoption on a massive scale.
Hoskinson stated that once these bills become law, “that opens the floodgates: Apple, Facebook, Google, and Microsoft will put crypto wallets in their platforms. When you add their users up, it’s 3 billion people.”
The Cardano founder believes that users are already connected to these platforms, providing a seamless onboarding experience for billions of people. He emphasized the importance of regulatory clarity, stating that this would enable companies to build upon existing systems and create a seamless crypto experience.
According to Hoskinson, this paradigm shift has the potential to trigger a significant boom in cryptocurrency integration across various industries, with stablecoins and blockchain technologies becoming mainstream.
Source: https://coinpedia.org/news/apple-facebook-google-and-microsoft-to-drive-crypto-boom-says-cardano-founder/
