Crypto will not become mainstream until it becomes safe, says Crystal Intelligence CEO
Scams have become one of the biggest stains on the reputation of the crypto market. For Navin Gupta, CEO of Crystal Intelligence, that is a problem that the industry itself must fix. He believes that until users feel their funds are as secure as they are in banks, mass adoption will remain a distant goal.
“We always blame banks,” he said in an interview with TheStreet Roundtable’s Jackson Hinkle. “Banks are slow, they are stodgy, but you have to give it to the banks that generally people do not complain about banks stealing their money.” By contrast, he said, if you ask a hall full of crypto users whether they have seen a scam attempt, “every single person has been scammed in crypto” or has at least been targeted.
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