If you do not rely on existing infrastructure, you cannot launch a top-tier, truly global crypto wallet.
Written by: Christian Catalini, Co-founder of Lightspark and MIT Cryptoeconomics Lab
Translated by: Luffy, Foresight News
A few weeks ago, Alex Blania of World (formerly Worldcoin) unveiled the company's latest plans in front of a group of crypto industry insiders. The company's debut in a relatively crypto-friendly U.S. regulatory environment is noteworthy in itself, but the real turning point is World's sprint towards the mainstream market, signaling that cryptocurrencies will move from a small circle of early adopters to everyday commercial domains.
[The rest of the translation continues in the same professional manner, maintaining the original meaning and tone while translating to English.]As the aggressive promotion plan enters the agenda, we will soon see whether cryptocurrencies can break into the mainstream market, especially if Worldcoin can prove that crypto technology means privacy and convenience. Apple achieved this by saving a few seconds with each Face ID unlock; Clear did this by guiding passengers to shorter TSA security lines. Worldcoin needs to provide a similar "wow" moment when users first click to pay.
Conclusion
Regardless of Worldcoin's experimental results, I hope more crypto teams will shift their focus from token economics and price fluctuations to building products that people truly use every day. Because this unglamorous turn is the bridge that the crypto industry must cross to have a place in the mainstream market.
