Digital payment tokens: A distraction or an asset?

THIS WEEK'S TOPIC: As a CEO, how do you see the growing adoption of digital payment tokens (DPTs)? Would your organisation use cryptocurrency?

John Gu Chief Executive Officer AlphaLab Capital

From my view as a technologist and investor in Web3, the current retail interest in cryptoassets is similar to the first dot-com bubble of the 1990s. It’s unfortunate that the average man on the street thinks of crypto mainly for speculation, and I agree retail users should not be encouraged to take undue risks. But remember that much of the Internet and mobile technology we take for granted today was also created out of the dot-com bubble. Blockchain technology is like lego building blocks, and we can use them to compose new financial services and benefits for people around the world in ways that we can’t even imagine now.