Khushi V Rangdhol
Apr 02, 2025 01:08
Crypto for Everybody: Crypto should deal with real-world utility and consumer 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 area has typically been pushed by a love for decentralization and speculative buying and selling, the way forward for crypto will rely on how properly it meets the on a regular basis wants of actual folks. As Jack Sales space, co-founder of TON Society, put it: “We have to cease specializing in decentralization, expertise, and financialization and begin specializing in the true worth that crypto brings to customers, identical to Web2 platforms have finished.” In different phrases, to win over the typical consumer, crypto should prioritize user-friendliness, reliability, and tangible advantages over buzzwords and theoretical debates.
Stablecoins: Crypto’s Sensible Powerhouse
Stablecoins took heart stage as one in every of crypto’s most compelling real-world use instances. In response to Sales space, “Stablecoins permit customers to ship cash globally with low charges, and for residents in growing international locations, they provide a method to defend towards inflation.” And it is not simply principle—TON’s integration with Telegram, the place Tether (USDT) is used for in-app transactions, demonstrates that stablecoins may be as useful as any mainstream fee system.
“We’re doing volumes much like main fee networks, like Kakao Pay in Korea,” Sales space shared. That is what you would possibly 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 id on TON. These tokens might allow customers to confirm their id or repute with out counting on third-party verification, proving that crypto has way 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 major instance of crypto becoming naturally into customers’ each day routines. Options like Telegram Presents permit customers to ship digital presents, which might later be transformed into NFTs on the TON blockchain. It is an important instance of how crypto can enrich social interactions with out forcing folks to change 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 expertise.” TON Join, which permits customers to entry blockchain-powered apps immediately from Telegram, is a major instance of this imaginative and prescient. It is proof that blockchain expertise may be built-in into social apps in a manner that feels pure and intuitive—no difficult tech information 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 deal with the sensible advantages of crypto, resembling low-cost cross-border transfers and the flexibility to self-custody belongings.
“The massive benefit of crypto is the removing of intermediaries,” one speaker famous. By permitting customers to carry their very own belongings, crypto gives a substitute for the dangers related to conventional monetary programs. This method prioritizes actual worth over ideological debates, and it is key to rebuilding public belief within the crypto area.
The message from Consensus Hong Kong 2025 was clear: The way forward for crypto lies in fixing real-world issues and making blockchain expertise accessible to everybody. As crypto continues to combine into on a regular basis platforms, the deal with utility and consumer expertise will gas the subsequent wave of progress for the trade.
Picture supply: Shutterstock
