Aptos Co-Founder Says Layer-1 Project Approaching Tipping Point of Mainstream Adoption
The co-founder of Aptos (APT) believes that the layer-1 crypto project is on the verge of massive mainstream adoption.
In a new interview with crypto influencer Scott Melker, Aptos CEO and co-founder Mo Shaikh says that the speed of the Aptos network makes it a highly attractive blockchain for payments.
He also says that Aptos’ new cold storage wallet card designed to hold a user’s digital asset portfolio could make crypto payments more mainstream.
“I think in one to two years we would love to see card and mobile wallet penetration increase to greater than 20% of all cardholders or mobile phone devices. That would be something we would be incredibly proud of, and we’re very close to that.”
He compares the Aptos project to the early days of technology companies that later became giants in the tech industry.
“No different than Facebook grew like wildfire to competitors like TikTok grew like wildfire, we’re right there, right there at the tipping point. And these types of products help make that actually happen, but they can only actually exist on Aptos, because a transaction with this [card], again, sub-second finality and a 1,000th of a cent for our transaction settlement. I mean, how will payment networks compete? I’m not sure.
So that’s going to happen very quickly, and I don’t think people actually appreciate that. Some do, and they’re trying to catch up to us. But no different than Netflix came and completely flipped the model for video content creation and distribution, we’re seeing something similar happen right before our eyes and in two years it’s going to be unbelievable to be having this conversation again.”
Some crypto insiders are long-term bullish on Aptos.
BitMEX founder Arthur Hayes recently said that Aptos is capable of solving many problems for the traditional finance (TradFi) world and predicted it may overtake Solana (SOL) this cycle.
Aptos is trading for $9.04 at time of writing, a fractional increase in the last 24 hours.
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