Crypto’s Smartphone Moment | Web3 Daily

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Within the late 2000’s, the Hiptop/Sidekick turned the primary smartphone to not be focused at enterprise clients, however as a substitute, youthful shoppers.

It had a display that you just needed to slide as much as unlock, finishing a 180 diploma spin within the course of (v cool), and its software program later advanced into Android.

The piece of stories we’re about to cowl is related to crypto, the identical method the Hiptop was related to the cell trade.

The crypto trade Woo X has tokenized US treasury payments and made them accessible to retail clients.

Right here’s why this seemingly boring improvement is greater than you’d suppose:

There’s this narrative that claims all monetary merchandise will quickly transfer onto blockchain rails — it’s been touted by Twitter think-boys for years — and extra lately: Larry Fink, CEO of BlackRock (the world’s largest asset supervisor).

However this is without doubt one of the first instances a legacy monetary product (T-bills) have truly been made tradable on the blockchain (aka: tokenized).

And similar to the Hiptop proved there was demand for sensible units from broader shoppers (past simply enterprise customers), the tokenized T-bill can be a proving floor to point out that there’s demand inside the crypto house for legacy monetary merchandise (not simply the crypto-native tokens now we have now).

If demand will be confirmed, it’ll present there’s a buck to be made.

And if there’s a buck to be made, giant establishments will begin racing to tokenize as many legacy monetary merchandise as they will.

(Legitimizing the crypto sector and rising its worth within the course of).