Tether CEO Paolo Ardoino recently gave an interview to the foreign media outlet Cointelegraph. When discussing the killer application of the cryptocurrency industry in 2024, Paolo Ardoino stated that what the industry truly needs is “real-world use cases and applications.”
Paolo Ardoino believes that the next killer application for cryptocurrencies could be a booking system or a competitor to Uber, but the focus should be on the fundamental value propositions provided by cryptography, including enhancing privacy and reducing intermediaries through peer-to-peer transactions and privacy protection.
Furthermore, Paolo Ardoino emphasized that whether to adopt blockchain technology and issue new tokens should not be the main focus of the market. Paolo Ardoino stated:
Paolo Ardoino also pointed out that decentralization does not necessarily mean that the system must use blockchain technology, as blockchain systems run slowly and require global consensus.