In a new interview with Cheddar, Cardano creator Charles Hoskinson says the crypto industry is searching for its “Wifi or bluetooth moment.”
“We haven’t quite gotten there yet. The consumer has gotten used to this idea that when they pull out their phone, if they’re in Korea or Japan or South Africa or here in America, that their phone will just connect to the Wifi network. But there’s no reason that should be true. That was only due to the hard work of an entire industry.”
Hoskinson says his team is working on a collection of standards that will inevitably converge over the next three to five years, allowing users to move information and value between all these different systems.
“Not just Bitcoin to Litecoin to Ethereum to Cardano – but also your regular bank account, your Chase account or your Wells Fargo account or your credit card. Somehow you can move seamlessly between these different systems and do cross-border settlements.