Ethereum co-founder Vitalik Buterin believes that the greatest benefit of cryptocurrencies is in emerging economies. In an interview with CNBC, Buterin stated that although developed countries generally see cryptocurrencies as a speculative investment, the most important use cases are in low-income countries.
According to CNBC, Buterin pointed out that in such countries, cryptocurrencies can provide essential financial services like international payments, savings options, and access to the international economy. The co-founder of Ethereum noticed that interest in cryptocurrencies is higher in places like Argentina compared to tech hubs like San Francisco.
The Future of Blockchain for Buterin
Buterin acknowledged that centralized exchanges are important for including users in the system in developing countries. However, he believes that the ideal future is a world where people can directly transact on blockchain networks. To realize this vision, Buterin expressed that blockchains need to become much easier and more secure. He listed goals such as transaction fees below 5 cents, minimizing failed transactions, and having high-security wallet solutions.
Vitalik Buterin continues to be one of the most influential figures in the crypto sector due to his role in the creation of Ethereum. His views help us understand the most widely adopted industry areas currently and the trends that may emerge in the future. Although only time will tell, Buterin offers an optimistic perspective that cryptocurrencies can create tangible benefits in the areas globally where they are needed the most.
