# In the Press | Blockworks

**Published by:** [Reveel](https://paragraph.com/@r3vl/)
**Published on:** 2024-10-20
**URL:** https://paragraph.com/@r3vl/in-the-press-blockworks

## Content

Catch the latest Op-Ed by Adrien Stern, Founder & CEO of Reveel, in Blockworks.Crypto is becoming the same broken system it promised to fixThe Web3 community is stacking bricks when it should be building bridges. Excerpt: Crypto was supposed to revolutionize payments by simplifying the process, lowering costs and cutting out the middlemen. Yet here we are, more than a decade into the experiment, and the infrastructure we’ve actually built is starting to look as fragmented and complicated as the traditional financial networks it was meant to replace. In theory, crypto should enable peer-to-peer cross-border payments as originally intended. In practice, however, we’re stuck with hundreds of disparate blockchains that operate like little nations – each with their own language, customers, culture, “citizenship,” governance, entry requirements and financial assets.We need to focus on creating seamless, interoperable blockchain systems in order to enable the global, frictionless transfer of value that crypto originally promised. Otherwise, we’re just going to keep repeating the same inefficiencies and barriers of the old financial system, and this entire experiment in decentralization will have been for nothing. Read the full article here:Crypto is becoming the same broken system it promised to fixOpinion: Crypto innovation is suffocating inside closed networks.https://blockworks.coMake sure to follow Reveel & Adrien Stern to stay up to date with all our latest news.

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