Outperforming traditional rails by 100x is key for crypto payments, Adeniyi Abiodun notes

Outperforming traditional rails by 100x is key for crypto payments, Adeniyi Abiodun notes
Crypto rails need to outperform traditional systems

Adeniyi Abiodun, co-founder and chief product officer at Mysten Labs, the company behind the Sui blockchain, argues that simply being better than traditional payment rails is not enough for crypto to achieve mass adoption.

He asserts that crypto payment systems need to be 100 times better than existing options to make older systems obsolete and win over the market.

Earlier this year, Adeniyi Abiodun outlined plans to make transferring money on Sui Network as easy as sending a message, according to an earlier interview. He later revealed that two significant finance unlocks are scheduled for Sui Network in 2024, generating interest in crypto circles, based on recent remarks. These initiatives come as Abiodun continues to advocate for large-scale improvements in crypto payment systems.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.