Analyst: Cryptocurrency is not just MEME, diverse crypto real use cases have arrived

BlockBeats news, September 23, K33 Research research analyst David Zimmerman said that although the Meme coin craze has caused many people to question whether cryptocurrencies will stop these absurd behaviors and provide real use cases, if we look closely, the actual use of cryptocurrencies already exists.

The market value of stablecoins in the crypto market recently reached $175 billion. Stablecoins are vital products for people in emerging markets, whether to avoid hyperinflation of their own currencies or to avoid predatory remittance fees.

Mastercard recently partnered with Mercuryo to allow users to use their own custody of cryptocurrencies at more than 100 million merchants. PayPal and Venmo have just integrated Ethereum naming services, allowing users to transfer cryptocurrencies using readable names instead of traditional wallet addresses.

The DePIN project Helium has partnered with large telecommunications companies and currently has 113,000 people registered for its mobile services. That’s 113,000 people abandoning companies like Verizon in favor of cryptocurrencies as an alternative.

Telegram, which has nearly 1 billion monthly active users, has integrated The Open Network (TON), allowing users to transfer cryptocurrencies as easily as sending a text message. LINE, an Asian messaging app with more than 230 million monthly active users, is also implementing a similar plan with Kaia.