Wei Zhou, CEO of Cash.ph, argued that hypertokenization is a much more viable situation than hyperbitcoinization.
In an interview with Kitco Information, Zhou provided his view on how mass adoption may happen, citing Bitcoin’s volatility as a significant driver of cryptocurrency adoption on a worldwide scale. rice subject.
Hyper-Tokenization and Hyper-Bitcoinization
Host David Lin defined that hyperbitcoinization is the second Bitcoin turns into the default worth system. He requested Zhou how this situation would play out.
Zhou argued that buying and selling requires worth stability, and that steady bitcoin removes the worth appreciation side of investing in it within the first place.
To that finish, he known as the tipping level described by Lin “hypertokenization,” preferring to discuss with tokens (apart from Bitcoin) that may meet tradability by way of worth stability.
“When signing a $10 transaction, whether or not it’s denominated in Pesos, Singapore {Dollars} or Thai Baht, regardless of the worth of signing, each side should agree that that is the worth of $10. .”
Stablecoin Adoption Will Drive Broader Crypto Adoption
Zhou mentioned the stablecoin market is a rising space, as evidenced by the collective push for the deployment of central financial institution digital currencies (CBDCs).
“We’ll see increasingly tokens like stablecoins that improve the worth of change in numerous nations.”
Giant-scale tokenization will encourage extra customers to take part within the crypto ecosystem. He initially corrected Lynn about triggering mass adoption, however the knock-on impact of extra stablecoin customers would catalyze adoption of different tokens, together with Bitcoin.
