The co-founder of Aptos (APT) believes the layer 1 crypto project is on the verge of mass mainstream adoption.
In a new interview with crypto influencer Scott Melker, CEO and co-founder of Aptos Mo Shaikh say that the speed of the Aptos network makes it a very attractive blockchain for payments.
He also says that Aptos’ new Cold storage wallet card, designed to hold a user’s digital asset portfolio, could make crypto payments more mainstream.
“I think within one to two years we would like to see card and mobile wallet penetration increase to more than 20% of all cardholders and mobile phones. That would be something we would be incredibly proud of, and we are very close to that.”
He compares the Aptos project to the early days of technology companies that later became giants in the technology industry.
“Just as Facebook grew like wildfire, competitors like TikTok have grown like wildfire: we are right there, right there at the tipping point. And these types of products actually make that happen, but they can only actually exist on Aptos because there’s a transaction with it [card]Again, less than a second and a thousandth of a cent finality for our transaction settlement. I mean, how will payment networks compete? I’m not sure.
So that’s going to happen very quickly, and I don’t think people really appreciate that. Some do, and they’re trying to overtake us. But just as Netflix came along and completely changed the model for creating and distributing video content, we are seeing something similar happening right before our eyes and in two years it will be incredible to have this conversation again.”
Some crypto insiders are long-term bullish on Aptos.
BitMEX founder Arthur Hayes recently said that Aptos has the ability to solve many problems for the traditional finance world (TradFi) and predicted that it could overtake Solana (SOL) this cycle.
Aptos is trading at $9.04 at the time of writing, up fractionally in the last 24 hours.
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