Last month Robinhood co-founder and CEO, Vlad Tenev, outlined the huge cost benefits of using blockchain for running operations and his belief in the future of tokenization. He observed that the meme coins and speculation have a tendency to grab attention. By implication, this distracts from the true utility.
“We have both of these businesses (crypto and traditional) and we can see them side by side,” he told Fortune. “The cost of running a crypto business is an order of magnitude lower, because you get to leverage so much of the public infrastructure and these public blockchains do a lot of the heavy lifting when it comes to settlement and transactions.”
“There’s just an obvious technology advantage in putting more and more stuff on that infrastructure.”
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