Aptos (APT) co-founder believes the layer-1 cryptocurrency project is on track to achieve mass adoption.
In a recent interview with YouTube crypto influencer Scott Melker, Aptos CEO and co-founder Mo Shaikh said the speed of the Aptos network makes it an extremely attractive blockchain for payment transactions.
He also revealed that Aptos’ new cold wallet card, designed to manage users’ digital asset portfolios, has the potential to make cryptocurrency payments more mainstream.
“I believe that in the next one to two years, we are very hopeful that the penetration rate of cards and mobile wallets will increase to over 20% of the total number of card or mobile device owners. That would be a very proud achievement and we are very close to that goal.”
Shaikh compares the Aptos project to the early stages of tech companies that have now become big names in the industry.
“Just like how Facebook and TikTok grew so fast and went viral, we are right at the tipping point. Products like this are what make it happen, and they can only exist on the Aptos platform, because a transaction with this card, with sub-second finality and a cost of 1/1,000th of a cent per transaction. I wonder how other payment networks can compete? I’m not sure.”
This is happening very quickly, and I don't think people really appreciate it. Some people understand this and are trying to catch up with us. But just like Netflix completely changed the model of creating and distributing video content, we're seeing a similar change happening right in front of our eyes, and in two years, it will be incredible to be having this conversation again.”
Some in the crypto industry are bullish on Aptos' long-term future.
BitMEX founder Arthur Hayes recently commented that Aptos has the potential to solve many problems in the traditional finance (TradFi) world and predicted that it could surpass Solana (SOL) in this cycle.
Aptos is currently trading at $9.4, up 6% over the last 24 hours.
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