Kevin O’Leary Wants To Buy TikTok and Implement Cryptocurrency Features
Mainstream cryptocurrency adoption is well underway according to recent findings from a Crypto.com report that show global cryptocurrency ownership increased by 34% last year.
According to the report , 432 million people owned crypto in January 2023, a number which rose to 580 million by the end of last year .
While notable, digital assets may soon become even more mainstream if Canadian business man and “Shark Tank” host Kevin O’Leary buys TikTok .
TikTok is a very important platform and this is an issue that won’t go away. Everyone knows TikTok leaks data to the CCP. It’s not a secret. It’s gotta be sold! I’m proposing purchasing these assets into a new American company. pic.twitter.com/FVsvp4N7yA
— Kevin O'Leary aka Mr. Wonderful (@kevinolearytv) March 13, 2024
O’Leary recently stated on the Web3 Deep Dive podcast that he would implement digital asset features on a compliant basis if he were to buy the popular social media platform.
“I think using digital payment systems on a platform like TikTok has potential. There’s no question about it,” said O’Leary.
O’Leary elaborated that since TikTok is a “global phenomenon” it would give a lot of users around the world greater ease of access to cryptocurrencies for conducting digital payment transfers between countries.
“This would have to be compliant, transparent, and obviously auditable so users would know who sent and received transactions. I would provide that. I think that’s the potential of a platform this large,” O’Leary remarked.
Although TikTok’s potential sale is still underway, industry experts believe that implementing cryptocurrency into the platform may be beneficial for the app moving forward.
Alexander Mamasidikov, Founder and CEO of digital
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