Anatoly Yakovenko, co-founder of smart contract platform Solana (SOL), is naming what he says is an “obvious” use case for crypto and blockchain.
In a new interview with Austin Federa, head of strategy at the Solana Foundation, Yakovenko says simple payments are one obvious use case for digital assets that anyone can benefit from.
46:52 “I’m actually more focused on trying to do stuff that’s obvious today. I think that’s just really important, to try to get users to go do the things that already work at scale – and those are payments. Very simple kind of thing – let’s send money to each other in a cheap and fast way without [going] around the world.”
According to Yakovenko, crypto assets could help simplify finance over the internet as well as let content creators work for themselves rather than be tied to the financial systems of their hosts.
48:57 “[Crypto payments are] just such a better experience for anyone that generates user content. So the problem is that because it’s such a pain to deal with finance on the web, these platforms are able to aggregate power by creating these rails for a large number of content creators…
They own the content, they own the creator’s financial relationship between the creator and the user, they own that rail, they own that connection, and once they own it, the creator doesn’t want to leave – it’s like a kick in their revenues. They’re not like working for themselves, they’re working for Twitter or for Tik Tok or whatever because all of the financialization happens through these platforms.”
