Imagine turning everyday things like loans into digital money called tokens! This is called tokenization, and it's changing how we use cryptocurrency. It lets us use regular money in the world of crypto.
- Tokenization makes it easier to buy and sell things using crypto.
- It helps connect regular money with crypto, making it more useful.
- This needs to happen quickly and reliably to work well.
Thing | Details |
---|---|
Total Money | Trillions of dollars in loans could be turned into tokens. |
Speed | Needs real-time updates, not just monthly or yearly. |
Transparency | Everyone needs to see what's happening with the money. |
Companies are working to make this happen easily. If successful, it could greatly expand the use of cryptocurrencies.