Blockchain is no longer just a concept but part of everyday life. Such a statement was made during last week’s UpBit Developer Conference by Dunamu CEO Lee Sir-goo, and we cannot disagree with it. The days from a few years ago, when everything was at the level of hypotheses and concepts, are long gone and we are every day in a better and more modern digital age thanks to blockchain.
“There’s no doubt that blockchain has become a major trend that no one can deny that it is permeating our everyday lives.”
Cuy Sheffield, Visa’s vice president and head of crypto, pointed out that blockchain-based payment methods are causing a huge stir and revolution in the payment industry, highlighting the top 5 trends. These are Bitcoin, stablecoin, DeFi, NFT and CBDC (Central Bank Digital Currency). Namely, for example, Bitcoin is gaining gradual acceptance as digital gold, especially among the younger generations, and stablecoins, a type of cryptocurrency tied to currencies such as the euro or the US dollar to stabilize prices, are beginning to emerge as a treasury infrastructure. He also added that “CBDC will lead innovation in payment and payment process with the digital wallet and financial products while coexisting with the existing financial order“.
“When the Internet first emerged, exponential growth began after services that people can use in real life and as for artificial intelligence, after years of research, it only started to receive attention when it was translated into real services.”
