In a revolutionary comment, the head of Coinbase Conor Groganwho goes by “Conor” in
In a revolutionary comment, the head of Coinbase Conor Groganwho goes by “Conor” in
Conor arrived at this deduction after observing 117 million transactions on 46 layer 1 and layer 2 blockchains in 24 hours. Conor believes that, as a whole, cryptocurrencies have the potential to compete with e-commerce avenues like Visa. He predicts 117 million transactions as the lowest there could ever be.
This bold prediction comes at a time when the cryptocurrency industry is experiencing unprecedented growth and transaction volume.
The recent growth in the number of transactions on blockchain networks demonstrates the growing demand for cryptocurrencies to transact, transfer value, and engage in financial activities.
With several blockchain networks processing more than 117 million transactions, cryptocurrencies are proving their usefulness and scalability in facilitating various economic activities.
Crypto Momentum Continues to Grow
Although challenges remain on the path to widespread adoption of cryptocurrencies as a primary payment method, the momentum behind cryptocurrencies continues to grow, with growing institutional interest, corporate adoption, and consumer awareness driving growth in the market.
Regulatory uncertainty, scalability issues, and security concerns are among the major obstacles that must be addressed for cryptocurrencies to reach their full potential.
However, as more businesses and individuals recognize the benefits of cryptocurrencies, the stage is set for a future where blockchain-based payment systems rival traditional financial networks like Visa in transaction volumes and dominance. From the market.
