Walmart Board Director Says Crypto Is Powerful And Constructive Technology

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Last updated February 17, 2022

Tom Horton believes that the Crypto & Blockchain industry will go way beyond the traditional banking system.

Blockchain.com is a popular non-custodial crypto web wallet and was previously known as Bitcoin-only Bitcoin wallet, but its current services support multiple crypto assets and this platform is also testing its NFT platform, powered by OpenSea. Tom Horton is one of the key and new board members of blockchain.com.

Tom is also the independent CEO of Walmart. Recently, he shared his opinion with the blockwork, crypto news website and valued the crypto and blockchain as a best alternative to the traditional financial system.

Tom said that crypto & blockchain is still in its infancy as traditional banks are now starting to link their services to cryptocurrencies due to the huge potential of this blockchain & crypto industry.

“Large institutions and traditional banks are also involved in crypto,” Tom said. “But it’s clear that this is a powerful and constructive technology with huge growth potential for years to come and beyond.”

Tom also noted that controls will continue to evolve against this industry so it will result in some shift in the use cases of the NFTs, blockchain technology with other ways to get better adoption for this industry.

“NFTs to gaming and sports to supply chain,” says Tom. “Consumer interest is high and that helps new drivers for innovation and adoption.”

The Walmart CEO also believes that the potential of this industry will blow to new heights, pushing the adoption of this sector beyond banks, fintech and also e-commerce platforms.

“The more I learn, I see blockchain technologies as another great enabler, just like the internet was in its early days,” said Tom. “The enthusiasm and pace of innovation in this new ecosystem is astonishing, what strikes me at its core as freedom and the removal of friction.”

In addition to all these appreciations, Tom openly said it’s important for us to better understand this technology to understand how it works. It will bring more adoption with confidence.

Also Read: Israel’s CMA Raises Questions Against Binance’s Non-Crypto-Licensed Operations

This post Walmart Board Director Says Crypto Is Powerful and Constructive Technology was first published at https://bitcoinik.com/walmart-board-director-says-crypto-is-powerful-and-constructive-technology/

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