Here’s the Obvious Use Case for Crypto, According to Solana Creator Anatoly Yakovenko - The Daily Hodl

Here’s the Obvious Use Case for Crypto, According to Solana Creator Anatoly Yakovenko – The Daily Hodl

Time Stamp: October 11, 2023 6:01 PM

Anatoly Yakovenko, co-founder of smart contract platform Solana (SOL), is naming what he says is an “obvious” use case for crypto and blockchain.

In a new interview with Austin Federa, head of strategy at the Solana Foundation, Yakovenko says simple payments are one obvious use case for digital assets that anyone can benefit from.

“I’m actually more focused on trying to do stuff that’s obvious today. I think that’s just really important, to try to get users to go do the things that already work at scale – and those are payments. Very simple kind of thing – let’s send money to each other in a cheap and fast way without [going] around the world.”

According to Yakovenko, crypto assets could help simplify finance over the internet as well as let content creators work for themselves rather than be tied to the financial systems of their hosts.

“[Crypto payments are] just such a better experience for anyone that generates user content. So the problem is that because it’s such a pain to deal with finance on the web, these platforms are able to aggregate power by creating these rails for a large number of content creators…

They own the content, they own the creator’s financial relationship between the creator and the user, they own that rail, they own that connection, and once they own it, the creator doesn’t want to leave – it’s like a kick in their revenues. They’re not like working for themselves, they’re working for Twitter or for Tik Tok or whatever because all of the financialization happens through these platforms.”

[embedded content]

I

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines
&nbsp Here’s the Obvious Use Case for Crypto, According to Solana Creator Anatoly Yakovenko - The Daily Hodl PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/annfossa

Time Stamp:

More from The Daily Hodl