New Crypto Wave Will Focus On Stablecoins: Swiss BTC Association Board Member

Luzius Meisser, the board member of the Bitcoin Association of Switzerland believes that the next innovation wave in crypto will focus on stablecoins and security tokens so we decided to found out more in our blockchain news today.

Meisser is actually a computer scientist and economist but also a co-founder of the Bitcoin Association in Switzerland back in 2013 but more importantly, he plays a huge role in the local crypto industry where he is a member of the board of directors of brokerage company Bitcoin Suisse AG.

When he was asked how what is his long-term opinion on crypto, he pointed out that initial coin offerings should undergo a massive change with the protection of the investors becoming more tangible. He also predicted that security tokens should be up for a stricter regulated wave:

 “I would say payment and utility tokens are more or less over, sometimes they make sense.”

Talking about stablecoins, he explained that their decentralized mechanism is what makes sure that they are legally considered to be payment tokens rather than securities:

 “Stablecoins are a precondition to enable average companies to bring their equity onto the blockchain, because if they issue bonds or shares they want to do so against U.S. dollars, euros or Swiss francs, because those are the currencies they calculate in, not Bitcoin (BTC) or Ethereum (ETH).”

Meisser also pointed out that the banks in Switzerland still don’t attempt to try crypto but local startups do use them as a way to avoid banking difficulties in the country.