Circle's CSO, Dante Disparte, claims that "the embrace of crypto technology is equally inevitable."
Dante Disparte, the Chief Strategy Officer (CSO) and Head of Global Policy for Circle, the issuer of US Dollar pegged stablecoin USD Coin (USDC), believes that crypto will be at the center of the “modern economic toolkit.”
According to the Disparte’s article posted on The World Economic Forum’s (WEF) website, called “This is what the future holds for cryptocurrencies,” 2022 was “not just another “crypto winter,” but more of an ice age.”
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However, despite turbulent market conditions and the collapses of several crypto-related firms, Disparte believes that the ongoing bear market will only benefit the industry and allow it to grow into “responsible, always-on internet finance.”
Just as it took the dot-com bubble bursting in the early 2000s to hand over the future of the internet to more durable companies, business models and use cases, perhaps 2022 marks a handover of crypto technology and blockchain infrastructure to steadier hands.
Moreover, in his article, Dante Disparte claims that despite many setbacks, blockchain and cryptography will continue to function as “integral parts of the modern economic toolkit.”
Nevertheless, the man claimed that mainstream financial services will continue to look for crypto integrations as “the technology remains a protagonist in the global financial world.”
Indeed, as a test of the staying power of digital assets and blockchains at the core of financial services (and other areas of the global economy), watch what the big banks and mature financial services firms do, not what they say.
At the end of his article, Dante Disparte noted that “the embrace of crypto technology is equally inevitable.” However, it must be placed into the “hands of responsible actors,” which encourage their responsible use.
