Cardano [ADA] Founder, Charles Hoskinson recently said that the cryptocurrency industry was looking for WiFi or a Bluetooth moment. Drawing parallels between cryptocurrency and its underlying technology’s revolution to existing technologies like WiFi and Bluetooth, Hoskinson said that the industry is not on the same level yet.
In a recent interview with the live streaming financial news portal, Cheddar, Hoskinson opined that the world was witnessing standards being set that will eventually enable the propagation of information and value systems that are not just limited to cryptocurrencies like Bitcoin [BTC], Ethereum [ETH], and Cardano [ADA], but also to traditional entities like bank accounts.
Speaking about consumer mentality, the IOHK Founder further added,
“Consumers kind of have gotten used to this idea that when they pull out their phone ー if they are in Korea, Japan, South Africa, or here in America – that their phone will just connect to the WiFi network. But there’s no reason that should be true, that was only due to the hard work of an entire industry.”
Cardano has emerged strongly from the crypto winter. Cardano’s most recent 1.5 mainnet launch fueled price movement in the market. Another highly anticipated update for the community was Cardano’s integration with the cryptocurrency hardware wallet, Ledger. Coinbase listing rumors might have also catapulted the price.
At press time, the tenth largest digital currency on CoinMarketCap, held a market cap of $1.77 billion and was priced at $0.068. The coin registered a 24-hour trading volume of $102.4 million and witnessed an optimistic rise of 3.70% during the past 24-hours. Additionally, ADA exhibited a massive surge of 18.89% during the week.
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