Ethereum Creator Vitalik Buterin expressed the opinion that the crypto industry needs not so much stock investment funds as practical and useful applications.
According to Vitalik, the infrastructure of the cryptocurrency should be developed in such a way that the purchase of digital assets is as accessible as possible for everyone, and their use does not cause any difficulties.
"I think too much attention is being paid to ETFs based on BTC, ETH, or anything else. Thus insufficient attention is paid to ensure that people can in the corner shop to spend cryptocurrency in amount from$ 5 to $100 using the card. The first is well suited for pump prices, but the second is much more useful for effective implementation," the Creator of Ethereum shared his thoughts.
One of the Twitter-commentators expressed the opinion that both directions are equally important for cryptocurrencies. For example, ETFs can contribute to the development of digital money as investment assets, and simple payment solutions — the effective implementation of their exchange functions.
Vitalik generally agreed with the position of the interlocutor, but once again stressed the importance of a balanced and widespread introduction of cryptocurrencies as a means of exchange, as well as the development of practical solutions based on them.
We will remind, last week the Commission on securities and stock exchanges of the United States once again rejected the request of the brothers Cameron and Tyler Winklevoss on the creation of a bitcoin ETF. This had a short-term negative effect on the exchange rate of the first cryptocurrency.
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