Will Cardano be the first Trillion Dollar Cryptocurrency?

Charles Hoskinson, the CEO and Co-Founder of Cardano, spoke about his visions for Cardano [ADA] during a session with EMURGO, Cardano’s blockchain start-up incubator. The CEO of Cardano said that he would love to see Cardano as the first trillion dollar cryptocurrency in the space.



He stated:
“I would love to see Cardano as the first trillion dollar cryptocurrency and the reason being is that that would effectively mean that we have built a self-sustaining economy.”

He added that Cardano is longer like Bitcoin where users sell BTC when the price hikes and exchange it for Euros and Dollars. He further stated that he wanted to see widespread adoption where Cardano is used by people in restaurants to pay in currency when they get their paycheck.

Charles said:
“I would love to see ADA acheive that level of prominence or currencies connected to ADA achieve that level of prominence because then it basically means that we built a private system that has built-in consistency and fair rules for everybody in the world, not just for the people who happen to be very privileged.”

Charles further spoke about EMURGO. EMURGO is a part of the Cardano project that aims to develop, support and incubate commercial ventures on the Cardano ecosystem. He stated that he hopes that the firms would become a thought-leader which identifies applications, services both on the smart contract side and the enterprise side and addresses core problems of decentralization.

He said that if EMURGO solves problems like corruption, abuse, and fraud, then it would create a ‘Me Too’ movement. Furthermore, Hoskinson expressed his wish that EMURGO finds a way to lead the ecosystem in that direction and find great ventures to invest in and create entrepreneurs to invest in who will be able to raise everybody up and will serve as a wonderful example.

Sicuro_crypto, a Redditor says:
“At max supply that’s $22 per ADA! +12,840% from .17c. I have every hope in Charles, such a great visionary….I could listen to him all day!”

Barbara Taylor, a Youtuber says:
“I’m so excited to see all of his brilliant visions come to life! He is SO amazing!”


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Source
Author: Priya
Image Credit: Unsplash

Don’t forget to join our Twitter channel for Crypto, Business & Technology news delivered to you daily.