The co-founder of Aptos (APT) believes the layer 1 crypto project is on the cusp of mass mainstream adoption.
In a new interview with crypto influencer Scott Melker, Aptos CEO and co-founder Mo Shaikh says the speed of the Aptos network makes it a very attractive blockchain for payments.
He also claims that Aptos’ new cold storage wallet card, designed to hold a user’s digital asset wallet, could make crypto payments more common.
“I think within the next one to two years we would like to see the penetration of mobile cards and wallets reach more than 20% of all card or mobile device holders. This would be something we would be incredibly proud of, and we are very close to it.
He compares the Aptos project to the beginnings of technology companies that later became giants of the technology industry.
“Just as Facebook has grown like wildfire and competitors like TikTok have grown like wildfire, we are here, right there, at the tipping point. And these types of products help make that happen, but they can only really exist on Aptos, because a transaction with this (card), again, has a finality of less than a second and a thousandth of a cent for the settlement of our transaction. I mean, how will payment networks compete? I’m not sure.
So it’s going to happen very quickly, and I don’t think people really appreciate it. Some people do, and they’re trying to catch up with us. But as Netflix came along and completely upended the model of creating and distributing video content, we see something similar happening before our eyes and in two years it will be amazing to have this conversation again.
Some crypto insiders are long-term bullish on Aptos.
BitMEX founder Arthur Hayes recently said Aptos was capable of solving many of the problems in the traditional finance (TradFi) world and predicted it could overtake Solana (SOL) this cycle.
Aptos is trading at $9.04 at the time of writing, up slightly over the past 24 hours.
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