Crypto has been around since 2009, but it has been slow to achieve mass adoption. For analysts, the widespread adoption of this technology is being delayed by not meeting all the conditions to convince a larger number of users. Recently, during an interview with Scott Melker, Shark Tank’s Kevin O’Leary introduced 3 key items for mass adoption.
Easier to use wallets
In his interview with strategist Scott Melker, Kevin O’Leary He made it clear How to make a billion people invest in cryptocurrency. The CEO aka Mr. Wonderful pointed it out Optimizing digital wallets Essential for mass adoption of encryption technology. According to him, the current wallets are far from easy to use.
“The wallet must work, whether you are decentralized or decentralized (…) Unfortunately, the majority of wallets are rubbish. They are not sure. It’s hard to useKevin O’Leary hit.
Mr. Wonderful explained that it is difficult for beginners to get into cryptocurrency wallets. Confirms : “We always start with $250 and lose it right away. You are being deceived“.
Cryptographic security and organization
For O’Leary, the second prerequisite for widespread cryptocurrency adoption is security. High frame calls a file Enhance global space security encryption. He explains that this is the key to getting consumers to trust cryptocurrencies as much as they do traditional assets.
“We need security. You should have much better security when storing assets, even if they are just stablecoinsHe noted that companies such as Schwab, Fidelity and Interactive Brokers have solved the problem with security. As a result, consumers have complete confidence in building a portfolio and investing part of their savings in them.
Then Mr. Wonderful adds:We need to solve this problem in Web3. You should feel that there is security where your assets are being held.”Finally, and just to support the other two points, we need an organizationHe finished.
According to Kevin O’Leary of Shark Tank, digital wallets need to be improved and security enhanced in the new industry and regulated in the industry to achieve adoption Huge digital coins. The top executive argues that regulation is a must to reach the billion different crypto users.
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Far from dampening my enthusiasm, an unsuccessful investment in cryptocurrency in 2017 only fueled my enthusiasm. So I resolved to study and understand the blockchain and its many uses and pass on my pen information related to this ecosystem.