- Dominic Scheiner says IOTA’s strength lies in its ability to solve real-world problems in the face of continued market downtrends.
- IOTA makes waves in real-world utilities by partnering with other blockchain platforms, while also introducing new initiatives.
IOTA CEO and co-founder Dominic Schiener said the cryptocurrency market is currently in a difficult transition phase. Nevertheless, Scheiner pointed out that IOTA is positioned as the foundation of a $30 trillion cross-border trade industry.
IOTA focuses on enabling real-world solutions
of comment Comments from IOTA CEO are in response to an article on X claiming that “cryptocurrency is dead.”
Scheiner celebrated in his post: iota Because it focuses on solving real-world problems. He explained that since its launch 10 years ago, the network has prioritized building for the real world. Scheiner added that IOTA’s success is not dependent on a crypto-native bubble.
According to the co-founders, IOTA aims to understand the needs of its users and build tailor-made solutions to their problems. This is their main focus, rather than chasing speculative cycles and doing the same as everyone else.
IOTA’s role in changing the crypto world | Source: Dominic Schiener on X
to dominic sheenerIOTA is designed to be vertically integrated into cross-border trade, an important sector of the global economy.
He emphasized that the team has been transforming IOTA into a technology stack over the past few years. Therefore, blockchain has found a product market by solving real-world problems.
Specifically, the co-founders pointed out that they have transformed IOTA into a digital infrastructure. He said IOTA is currently digitizing cross-border trade in a $30 trillion industry. As a result, IOTA brings data, identity, payments, tokenization, and financial solutions on-chain to the entire country.
IOTA Price Reaction and Recent Expansion Movement
Scheiner also acknowledged the difficult market conditions that are negatively impacting crypto traders and investors.
However, he believes the downtrend is a critical moment for the market. Shiner is also optimistic that IOTA will emerge stronger than other cryptocurrencies as it is currently in a good position.
Unfortunately, the price of IOTA crypto is currently 4% by the day before $0.088. However, the signs of future growth are encouraging, especially if market conditions improve.
One piece of evidence of positive changes ahead is that trading volume indicators continue to rise. Trading volume so far has increased by 28% to $15.39 million. This indicates that the user is very active.
In conclusion, Shiner said that IOTA is closer than ever to realizing its vision of becoming a global digital infrastructure and transforming industries and economies.
His comments came shortly after he announced a bold vision to reshape Africa’s trade landscape.
as mentioned As mentioned in our previous post, IOTA recently launched a new initiative called the African Digital Access and Public Infrastructure Initiative for Trade (ADAPT). Shiner explained that ADAPT is a pragmatic response to long-standing structural frictions in cross-border African trade.
As IOTA continues to improve its real-world utility, Orobo develops modern infrastructure DPP framework on blockchain. This integration supports transparent and compliant end-to-end product tracking, increasing real-world adoption of the protocol.
Meanwhile, IOTA announced a partnership with BitGo, a US regulated digital asset management company. Featured In our recent coverage, this integration strengthens the exchange’s liquidity and custody options for broader U.S. market participation.
