CRYPTO
“ As more and more players of all industries start leveraging the technology , trust will naturally surge ”
JANIS HEIBEL HEAD OF CRYPTO AND DIGITAL ASSETS , SYNPULSE
Daniel Field , crypto ’ s social promise “ had been scuppered long before November 2022 ”.
For Field , “ It had become a game of chicken over who and when , not if . This is not to dismiss the aspiration , but a reflection that promises from shady characters don ’ t count for much .
“ Paradoxically , that promise can only be fulfilled when people no longer believe in it and are more critical , more suspicious and more exacting .”
Perhaps then , crypto ’ s own mythology has contributed to its downfall . For IDnow ’ s Global Head of Crypto & Fintech , Jason Tucker-Feltham , XRP ’ s collapse “ highlighted the importance of an unambiguous and robust regulatory structure in crypto ”.
However , framing it in a positive light , Tucker-Feltham feels the collapse offered “ the industry an opportunity to build from the ground up all over again , but this time with trust as one of its cornerstones ”.
Herein lies the question : How can trust in crypto be restored ? While its heartbeat may still be strong , as suggested by the Head of Crypto and Digital Assets at Synpulse , Janis Heibel , it is now about how the ‘ industry can gear up for the next highs ’ with trust being a central driving force . fintechmagazine . com 121