Sam Bankman-Fried, Founder & CEO of global cryptocurrency exchange FTX, lists obstacles to the global adoption and growth of cryptocurrencies.
- Regulatory Clarity on Crypto : Bankman-Fried asserts in a tweet that regulatory clarity is needed for the crypto market to thrive in developed economies.
- Transparency & Accessibility : In the case of stablecoins, the FTX CEO states that the regulatory framework should aim at enhancing transparency and accessibility.
- Need for Regulations : Bankman-Fried also recognizes that regulations governing the crypto markets and the issuance of tokens are necessary.
- User Appeal : To ensure the broader adoption of crypto, the FTX CEO says the industry needs to focus on building products that appeal to users and make the products readily available and accessible.
- Increased TPS : According to Bankman-Fried, blockchains will need to keep increasing the number of transactions they can process per second to reach “industrial-scale” proportions.
Originally published here
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Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
