Analyst: Cryptocurrencies are not just MEME coins, diverse practical use cases for encryption have arrived
According to BlockBeats, on September 23rd, David Zimmerman, a research analyst at K33 Research, stated that although the Meme frenzy has led many to question whether cryptocurrency will stop these absurd behaviors and provide real use cases, if we look closely, the actual use of cryptocurrency already exists. The market value of stablecoins in the cryptocurrency market has recently reached $175 billion. Stablecoins are a crucial product for people in emerging markets, whether to avoid vicious inflation of their own currency or predatory remittance fees. Mastercard recently partnered with Mercuryo to allow users to use their own cryptocurrencies at over 100 million merchants. PayPal and Venmo have just integrated Ethereum naming services, allowing users to transfer cryptocurrencies using readable names instead of traditional wallet addresses. The DePIN project Helium has partnered with large telecommunications companies, and currently 113000 people have registered for its mobile services. That is to say, 113000 people have abandoned companies such as Verizon and turned to cryptocurrency as an alternative solution. Telegram, with nearly 1 billion monthly active users, integrates with the Open Network (TON), allowing users to easily transfer cryptocurrencies like sending text messages. LINE, an Asian messaging app with over 230 million monthly active users, is also implementing a similar plan with Kaia.