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Cardano Foundation CEO: We Can Run VISA On Chain
- Cardano Foundation CEO Frederik Gregaard discussed topics ranging from the original ideals of Bitcoin to the significance of decentralized infrastructure at Paris Blockchain Week.
- Gregaard highlighted the core ethos of Bitcoin, emphasizing the ability to transfer value without intermediaries and own assets, while acknowledging Ethereum’s evolution in disrupting financial models.
- He underscored the influence of AI in global transformations, cautioning about the need to maintain control and transparency amidst its adoption.
- Gregaard pointed out blockchain’s potential to ensure trustless computing and immutable data storage, citing a Cardano-based project in Eastern Africa that improved land registration transparency.
- He emphasized the importance of verifiable data in AI-driven decision-making processes to avoid reliance on inaccurate information.
- Gregaard discussed Cardano's ecosystem developments, including identity solutions and agentic AI, highlighting open-source wallet initiatives compatible with the Legal Entity Identifier system.
- He challenged the notion that public permissionless blockchains cannot scale, asserting Cardano's capability to handle volumes comparable to Visa and MasterCard through innovative technological advancements.
- The CEO stressed the potential of on-chain verified data to enhance transparency and accountability in various sectors, envisioning a future where blockchain empowers stakeholders and shareholders.
- Gregaard urged for more transparency on blockchains to enable informed decision-making and regulatory oversight, empowering even small shareholders with meaningful insights.
- At the time of writing, Cardano was trading at $0.63, showcasing continued market activity and interest in the cryptocurrency.
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