In this episode of the WealthTech Unwrapped podcast, host Ned Phillips sits down with industry veterans Kanny Lee and Anson Zeall for an in-depth conversation on cryptocurrency and blockchain.
They reflect on the wild early days of the space and discuss how far it has come, with more structure and regulation. They also tackle ongoing concerns, engaging in discussions about the different digital currencies’ adoption rates, their application and growing appeal to governments and regulators worldwide.
Tapping into their decades of combined experience, Kanny and Anson cut through the jargon to explain key concepts in approachable terms. They shared visions for how technologies may evolve and addressed both concerns and potential applications.
Key Takeaways:
1) The cryptocurrency industry has matured significantly since its early days, with more regulations and professional players involved. While still volatile, there is a growing recognition of its importance, and continuous innovation is poised to introduce new, compelling applications that could enhance its adoption.
2) Mainstream adoption of blockchain-based applications may still be years away as challenges around ease of use and education remain. However, use cases driven by financial inclusion and DeFi could see earlier traction.