autorenew
MoonPay President Keith Grossman: Crypto Is Infrastructure, Not a Casino – Including Memecoins

MoonPay President Keith Grossman: Crypto Is Infrastructure, Not a Casino – Including Memecoins

Ever scrolled through X (formerly Twitter) and stumbled upon a post that flips your entire view on crypto? That's exactly what happened with this recent tweet from Bitcoin.com News (@BTCTN). They shared a video featuring Keith Grossman, President of MoonPay – a popular crypto on-ramp platform that makes buying digital assets as easy as swiping a card. In the clip, Grossman drops some serious wisdom: crypto isn't just about wild bets or quick riches; it's the backbone of the future economy.

If you're new to MoonPay, think of it as a bridge between traditional money and crypto. It lets users buy Bitcoin, Ethereum, or even meme tokens with fiat currency, handling the compliance and security so you don't have to. Grossman, who was previously the President of Time Magazine, brings a media-savvy perspective to the space, and his take is refreshingly grounded.

Shifting the Crypto Narrative: From Casino to Infrastructure

In the video, Grossman argues that most folks misunderstand crypto. They see it as a "vertical" – like a standalone industry such as banking or entertainment. But nope, he says it's "horizontal," meaning it's a foundational layer that supports everything else, much like how the internet revolutionized industries two decades ago.

Remember when the internet was dismissed as a fad? Newspapers went online, music shifted to streaming, and shopping became apps. Crypto is doing the same for money and value. Grossman explains: "If something can be digitized, it can be tokenized." Tokenization, in simple terms, means representing real-world assets (like bonds or art) as digital tokens on a blockchain. These tokens are transferable, verifiable, and owned securely without middlemen.

Why does this matter? Because it leads to faster settlements, more transparency, and better liquidity – all at lower costs. Industries craving efficiency will flock to it.

Real-World Examples of Crypto in Action

Grossman doesn't just talk theory; he points to what's already happening:

  • BlackRock's Tokenized Treasury Fund: The asset management giant turned U.S. government bonds into digital assets that can be transferred instantly. This is real finance meeting blockchain.

  • J.P. Morgan's Onyx Platform: They've processed over $1 trillion in tokenized transactions. That's banking on steroids, using blockchain rails for speed and security.

  • Stablecoins Settling Trillions: These are cryptocurrencies pegged to stable assets like the U.S. dollar (think USDT or USDC). They're handling $11 trillion in settlements annually – double Visa's volume. It's quiet adoption, powering global payments without the hype.

This isn't speculation; it's infrastructure being built right now.

Where Do Memecoins Fit In?

Ah, the fun part – especially for us at Meme Insider. Grossman ties in memecoins seamlessly, calling them "proof that attention itself is now a financial asset." In a world where social media drives value, a viral meme like Dogecoin or newer ones can capture billions in market cap overnight. It's not just jokes; it's demonstrating how blockchain turns cultural phenomena into tradable assets.

For blockchain practitioners, this means meme tokens aren't sideshows. They're experiments in community-driven value, showing how attention economies work on decentralized networks. If you're building or investing in memes, Grossman's view validates that you're part of a larger shift. Sure, volatility is real (he compares it to the dot-com bubble), but that's how new tech scales.

Why This Matters for the Blockchain Community

As someone who's been in the trenches of crypto journalism, I can tell you: perspectives like Grossman's cut through the noise. Crypto's "messy" phase – with price swings and regulatory hurdles – is just the early internet all over again. The dot-com crash didn't kill the web; it rebuilt it stronger. Tokenization will do the same for finance.

If you're a dev, trader, or just curious about meme tokens, this is a reminder to zoom out. Focus on the rails: Bitcoin as digital gold, stablecoins as programmable money, DeFi (decentralized finance) as automated banking, and real-world assets (RWAs) bringing traditional investments on-chain. Memecoins? They're the attention layer, proving anyone can create and capture value.

Check out the original tweet and video for yourself here. It's a quick watch but packs a punch. What do you think – is crypto more infrastructure than casino? Drop your thoughts in the comments below, and stay tuned to Meme Insider for more insights on how memes are shaping the blockchain world.

You might be interested