Analyst: cryptocurrencies aren't just MEME coins, diverse crypto real-world use cases have arrived

On September 23rd, David Zimmerman, a research analyst at K33 Research, said that while the meme-coin mania has left many questioning whether cryptocurrencies will ever stop these travesties and provide real use cases, practical uses for cryptocurrencies are already out there if we take a closer look.

With a market capitalization of $175 billion recently, crypto market stablecoins are crucial products for people in emerging markets, whether it's to avoid hyperinflation in their own currencies or to avoid predatory remittance fees.

MasterCard recently partnered with Mercuryo to give users access to cryptocurrencies in their custody at more than 100 million merchants, and PayPal and Venmo just integrated an ethereum naming service that lets users transfer cryptocurrencies using a readable name instead of a traditional wallet address.

DePIN project Helium has partnered with major telcos and 113,000 people have signed up for its mobile service. That's 113,000 people who have abandoned the likes of Verizon in favor of cryptocurrency as an alternative.

Telegram, which has nearly 1 billion monthly active users, integrates with The Open Network (TON), allowing users to transfer cryptocurrencies as easily as sending a text message. Asian messaging app LINE, which has over 230 million monthly active users, is implementing a similar program with Kaia.