Cardano founder, Charles Hoskinson, predicts that the integration of crypto wallets by major tech companies such as Apple, Facebook, Google, and Microsoft, could lead to billions of new users entering the crypto space.
The passing of two bills currently being debated in the U.S. Senate - one on stablecoins and the other on market structure - could provide the legal clarity and infrastructure required for tech giants to integrate crypto wallets into their platforms.
The stablecoin legislation, known as the STABLE Act, aims to establish clear rules for issuing and backing stablecoins. Charles Hoskinson expects it to be passed within the next 60 to 90 days.
The integration of crypto wallets by tech giants and the resulting access to a user base of over 3 billion people would drive mass adoption of cryptocurrencies and transform the crypto industry.