Person in charge of Visa encryption, the payment giant: Since January last year, the number of monthly active users has been higher than the sum of Ethereum, Polygon, Optimism and Arbitrum

According to reports, according to Cuy Sheffield, the head of encryption at Visa, a payment giant, who disclosed data on social media, Wave Field has been widely used in emerging markets. In addition, from January 2022 to January 2023, the number of monthly active users of Wave Field has been higher than the sum of monthly active users of Ethereum, Polygon, Optimism and Arbitrum. In addition, the number of active users of stable currency payment in the three Ethereum L2 chains, Polygon, Optimism and Arbitrum, increased by more than 500% year on year, indicating that it is still in the early stage of stable currency payment.

Interpretation of this information:

Recently, Cuy Sheffield who is the Head of Encryption at Visa, disclosed via social media that the cryptocurrency known as Wave Field has been widely used in emerging markets. Moreover, it has been observed that from January 2022 to January 2023, the monthly active users of Wave Field have exceeded the total sum of monthly active users of Ethereum, Polygon, Optimism and Arbitrum. Additionally, the number of active users of stable currency payment has risen by over 500% YoY in the three Ethereum L2 chains, Polygon, Optimism and Arbitrum indicating that the stable currency payment is still in the early stages.

The message implies that Wave Field cryptocurrency is gaining remarkable popularity in emerging markets despite being a relatively new player in the market. Visa’s revelation is quite significant, given that it is a significant payment giant that is known to have great influence in the global financial system. Furthermore, the message highlights a significant growth spurt in the stable currency payment system, with an annual increase of over 500% in active users, indicating that stable currencies are the future.

The significance of Wave Field’s exceptional performance is particularly important, given that the currency entered the market fairly recently, and has been able to achieve such significant success in emerging markets. This revelation is particularly relevant, given that cryptocurrencies have been viewed with a certain level of skepticism by some, especially for their wide price fluctuations. However, with the expansion of stable currency systems, the stability of cryptocurrencies is becoming prominent in the market, thus rendering them more appealing to potential users.

In conclusion, Wave Field’s rising popularity in the emerging market is indicative of the changing tides of cryptocurrency adoption, particularly in stable currency systems. The message suggests that Wave Field’s success is significant, given that it has not been in the market as long as the older players. Finally, the rising trend in active users of stable currency payments shows that the popularity of cryptocurrencies is not declining any time soon, so we should expect more adoption globally.