According to BlockBeats, on October 30, Emilio Frangella, Vice President of Engineering at Aave Labs, spoke at the 2024 SmartCon conference hosted by Chainlink. During the 'Bridging Worlds: DeFi Meets TradFi' panel discussion, Frangella emphasized the importance of reducing transaction costs and improving user experience to attract more users to the cryptocurrency space and enable freer use of digital assets.
Frangella highlighted that the use of Real-World Assets (RWA) is a crucial initial step in this direction. He also noted that traditional financial institutions have significantly increased their acceptance of cryptocurrencies over the past two years.
