Khushi V Rangdhol
Apr 02, 2025 01:08
Crypto for Everybody: Crypto should concentrate on real-world utility and person expertise to realize mainstream acceptance and rebuild belief.
Consensus Hong Kong 2025 delivered a robust message: If cryptocurrency desires to go mainstream, it is time to cease chasing after techy beliefs and begin specializing in delivering real-world utility.
Whereas the blockchain house has typically been pushed by a love for decentralization and speculative buying and selling, the way forward for crypto will rely on how effectively it meets the on a regular basis wants of actual individuals. As Jack Sales space, co-founder of TON Society, put it: “We have to cease specializing in decentralization, know-how, and financialization and begin specializing in the actual worth that crypto brings to customers, identical to Web2 platforms have completed.” In different phrases, to win over the common person, crypto should prioritize user-friendliness, reliability, and tangible advantages over buzzwords and theoretical debates.
Stablecoins: Crypto’s Sensible Powerhouse
Stablecoins took heart stage as certainly one of crypto’s most compelling real-world use instances. In accordance with Sales space, “Stablecoins enable customers to ship cash globally with low charges, and for residents in creating international locations, they provide a strategy to defend towards inflation.” And it is not simply concept—TON’s integration with Telegram, the place Tether (USDT) is used for in-app transactions, demonstrates that stablecoins may be as purposeful as any mainstream cost system.
“We’re doing volumes just like main cost networks, like Kakao Pay in Korea,” Sales space shared. That is what you may name crypto’s first true “killer app”—easy-to-use, sensible, and already in motion.
The dialog additionally highlighted the position of soulbound tokens—non-transferable NFTs—being explored for digital identification on TON. These tokens may allow customers to confirm their identification or repute with out counting on third-party verification, proving that crypto has rather more to supply than simply speculative buying and selling.
Making Crypto A part of Every day Life
One other thrilling dialogue centered round crypto’s seamless integration into the platforms we already use. The partnership between TON and Telegram is a primary instance of crypto becoming naturally into customers’ day by day routines. Options like Telegram Presents enable customers to ship digital presents, which may later be transformed into NFTs on the TON blockchain. It is an amazing instance of how crypto can enrich social interactions with out forcing individuals to modify to new apps or providers.
As one panelist identified, “The secret is to make crypto an excellent app… one thing that folks use seamlessly with out worrying concerning the underlying know-how.” TON Join, which permits customers to entry blockchain-powered apps straight from Telegram, is a primary instance of this imaginative and prescient. It is proof that blockchain know-how may be built-in into social apps in a manner that feels pure and intuitive—no difficult tech data required.
Rebuilding Belief with Sensible Advantages
After the collapse of main gamers like FTX, belief in crypto has understandably been shaken. However at Consensus HK 2025, audio system agreed that the way in which ahead is to concentrate on the sensible advantages of crypto, resembling low-cost cross-border transfers and the flexibility to self-custody property.
“The large benefit of crypto is the removing of intermediaries,” one speaker famous. By permitting customers to carry their very own property, crypto presents a substitute for the dangers related to conventional monetary methods. This strategy prioritizes actual worth over ideological debates, and it is key to rebuilding public belief within the crypto house.
The message from Consensus Hong Kong 2025 was clear: The way forward for crypto lies in fixing real-world issues and making blockchain know-how accessible to everybody. As crypto continues to combine into on a regular basis platforms, the concentrate on utility and person expertise will gas the following wave of development for the business.
Picture supply: Shutterstock
