Charles Hoskinson believes that technological giants will be able to easily create their own blockchains as soon as the rules for regulating cryptocurrencies clarify and the law on stablecoins will be adopted. Hoskinson explained that many large companies have already submitted their payment solutions, for example, Apple and Google Pay from Google, and PayPal was completely launched by Pyusd Stablecoin.
Thanks to the multi -billion dollar client base and control over operating systems on mobile devices, corporations have a significant advantage over first -level blockchains. In addition, corporations are easier to get the necessary licenses to expand their business in the field of cryptocurrencies, Hoskinson said.
“The inconvenient truth is that our competitors are not Ethereum, not Solana, and not even bitcoin. These are Microsoft and Apple, Google and Amazon. When the rules on cryptocurrencies are accepted, one day we will get worse, and find out that Android now has a built -in cryptocheme, ”said Hoskinnson.
Hoskinson recalled that META (earlier-Facebook) was already trying to develop the metavselnaya, but failed due to the lack of normative clarity. Earlier, the META unit for the creation of the metavselnaya reported that in 2022 its losses amounted to $ 13.7 billion. If Congress accepts cryptocurrency bills, META may again try to enter the crypto space, the founder of Cardano suggested.
Recently Hoskinson I advised US government agencies connect to blockchain to improve financial processes and identification, increase voting transparency, and reduce paperwork.
Source: Bits
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