In a revolutionary comment, Coinbase director Conor Grogan, who goes by the title “Conor” on X, has envisioned a future the place cryptocurrency stands shoulder-to-shoulder with digital fee large Visa as blockchain transactions attain an astonishing 117 million.
Conor got here to this deduction after observing 117 million transactions throughout 46 layer-1 and layer-2 blockchains inside 24 hours. Conor believes that, collectively, cryptocurrency has the potential to compete with trad-fi rails like Visa. He envisages 117 million transactions because the least there may ever be.
Over a 24 hour interval this weekend, there have been 117 million transactions throughout 46 L1 and L2 blockchains I sampled
Collectively, crypto already has the capability to compete with trad-fi rails like Visa. And that is the worst it should ever be pic.twitter.com/IywneueMRU
— Conor (@jconorgrogan) March 18, 2024
This daring prediction comes at a time when the cryptocurrency trade is seeing unparalleled development and transaction quantity.
The latest development in transaction counts on blockchain networks demonstrates the rising demand for cryptocurrencies to conduct transactions, switch worth and interact in monetary actions.
With numerous blockchain networks processing over 117 million transactions, cryptocurrencies are proving their utility and scalability in facilitating numerous financial actions.
Crypto momentum continues to construct
Though challenges stay on the trail to widespread adoption of cryptocurrencies as a mainstream fee methodology, the momentum behind cryptocurrencies continues to construct, with rising institutional curiosity, company adoption and shopper consciousness driving development available on the market.
Regulatory uncertainty, scalability points and safety issues are among the many key hurdles that should be addressed for cryptocurrencies to succeed in their full potential.
Nonetheless, as extra companies and people acknowledge the advantages of cryptocurrencies, the stage is ready for a future the place blockchain-based fee techniques rival conventional monetary networks like Visa in transaction volumes and market dominance.
