Mo Shaikh: APTOS Ready To Become A Main Player In The Global Crypto Industry

APTOS is predicted to be the frontline blockchain network. (Photo; Doc. CoinBulteni)

JAKARTA - The layer-1 Aptos (APT) blockchain project is predicted to soon reach an important point in its efforts to achieve wider mainstream adoption. Aptos co-founder and CEO, Mo Shaikh, revealed that the Aptos network has high speeds that make it one of the most attractive blockchain platforms to use in payment transactions.

In a recent interview with crypto influencer Scott Melker, Shaikh said that Aptos technology, including a new cold storage wallet designed to store a user's digital asset portfolio, could accelerate crypto-based payment adoption.

"We hope that in the next year or two, digital card penetration and wallets can reach more than 20% of all card users or mobile devices. That will be a great pride for us, and we are very close to that goal," he said.

Shaikh also compared Aptos with tech companies that grew rapidly at the start of its founding, such as Facebook and TikTok. "It's no different from how Facebook grew rapidly and then followed by TikTok, we are also on the verge of this important point. Products like this are only possible in Aptos because of the finalization of transactions that occur in seconds and very low transaction fees. I don't believe traditional payment networks can compete with this," he added.

According to Shaikh, Aptos innovation can create significant changes in the digital payment sector. "We see something similar to what Netflix is doing to video content distribution models. In the next two years, we will witness a major transformation and may not believe that we have discussed this now."

Confidence in Aptos also comes from other crypto industry players. BitMEX founder Arthur Hayes recently said that Aptos has the potential to solve many problems in traditional financial worlds (TradFi), and even predicts that Aptos could surpass Solana (SOL) in this crypto market cycle.

Currently, Aptos is trading at IDR 144,078 today according to CoinGecko data at 11:08 WIB, October 9, 2024. It has increased slightly in the last 24 hours. However, optimism for Aptos' long-term prospects remains high, especially considering its potential to answer various problems in the world of technology and finance.