Coindesk CONSENSUS 2025 (Part 3) – Crypto for Everyone

Consensus Hong Kong 2025 delivered a robust message: If cryptocurrency needs to go mainstream, it is time to cease chasing after techy beliefs and begin specializing in delivering real-world utility.

Whereas the blockchain house has typically been pushed by a love for decentralization and speculative buying and selling, the way forward for crypto will rely upon how nicely it meets the on a regular basis wants of actual individuals. As Jack Sales space, co-founder of TON Society, put it: “We have to cease specializing in decentralization, know-how, and financialization and begin specializing in the true worth that crypto brings to customers, identical to Web2 platforms have completed.” In different phrases, to win over the typical person, crypto should prioritize user-friendliness, reliability, and tangible advantages over buzzwords and theoretical debates.

Stablecoins: Crypto’s Sensible Powerhouse

Stablecoins took middle stage as one in all crypto’s most compelling real-world use circumstances. In keeping with Sales space, “Stablecoins enable customers to ship cash globally with low charges, and for residents in growing international locations, they provide a method to shield in opposition to inflation.” And it is not simply concept—TON’s integration with Telegram, the place Tether (USDT) is used for in-app transactions, demonstrates that stablecoins may be as purposeful as any mainstream cost system.

“We’re doing volumes much like main cost networks, like Kakao Pay in Korea,” Sales space shared. That is what you would possibly name crypto’s first true “killer app”—easy-to-use, sensible, and already in motion.

The dialog additionally highlighted the function of soulbound tokens—non-transferable NFTs—being explored for digital id on TON. These tokens might allow customers to confirm their id or fame with out counting on third-party verification, proving that crypto has way more to supply than simply speculative buying and selling.

Making Crypto A part of Day by day Life

One other thrilling dialogue centered round crypto’s seamless integration into the platforms we already use. The partnership between TON and Telegram is a major instance of crypto becoming naturally into customers’ each day routines. Options like Telegram Presents enable customers to ship digital presents, which might later be transformed into NFTs on the TON blockchain. It is an awesome instance of how crypto can enrich social interactions with out forcing individuals to modify to new apps or providers.

As one panelist identified, “The secret’s to make crypto an excellent app… one thing that individuals use seamlessly with out worrying concerning the underlying know-how.” TON Join, which permits customers to entry blockchain-powered apps immediately from Telegram, is a major instance of this imaginative and prescient. It is proof that blockchain know-how may be built-in into social apps in a method that feels pure and intuitive—no difficult tech information required.

Rebuilding Belief with Sensible Advantages

After the collapse of main gamers like FTX, belief in crypto has understandably been shaken. However at Consensus HK 2025, audio system agreed that the way in which ahead is to concentrate on the sensible advantages of crypto, resembling low-cost cross-border transfers and the flexibility to self-custody property.

“The large benefit of crypto is the elimination of intermediaries,” one speaker famous. By permitting customers to carry their very own property, crypto affords an alternative choice to the dangers related to conventional monetary techniques. This strategy prioritizes actual worth over ideological debates, and it is key to rebuilding public belief within the crypto house.

The message from Consensus Hong Kong 2025 was clear: The way forward for crypto lies in fixing real-world issues and making blockchain know-how accessible to everybody. As crypto continues to combine into on a regular basis platforms, the concentrate on utility and person expertise will gas the following wave of progress for the business.

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