/biz/ - Business & Finance

>>55135371
>The final thing that we’re doing in addition to providing the technology and creating proper incentive alignment without conflicts of interest is we’re generating an interface for capital markets and banks to properly interact with blockchains very efficiently. So my very strong belief is that as long as we can keep the technology conflict of interest free, secure and hyper reliable and we can continue to grow it in a sustainable, economically justifiable ways so that the cost expended by it grow with the security it provides and that it continues to provide security at larger and larger scale. Capital markets’ participants, namely banks that have trillions of dollars, will continue to use it more and more. We’ve already seen people make stable coins from banks, large banks actually create their own stable coins and put them on to chains and we’ve seen more and more of them start to talk with us about building more advanced applications. We are working with an increasingly larger amount of banks and some of the things I’m seeing there suggest to me that things will move beyond a proof of concept into a pilot and into production. And just to be clear on what moving into production means: Banks have trillions of dollars, so if our industry is gonna grow, yes it can grow from you know prop traders, institutions and whoever wanting to use it, but it ummm, it really does need large institutions to decide to become part of it because it’s a superior system. And for us to do that, for that to happen, we need it to be a superior system. So the final thing that we’re doing is working with large capital markets’ institutions to enable them to access these conflict of interest free, reliable and tamper proof alternatives and offer them to their clients in large volume and in a very usable way.