Pantera Investment Manager: We will see more use cases for payments and remittances on blockchain in the future

Odaily News Pantera Capital Management LP said in a statement in May that Telegram is the only major platform that is not subject to regulatory constraints and can incorporate Web3 into an open blockchain network. The statement announced the companys largest investment ever, the purchase of TON tokens. Pantera did not disclose the size of the deal. Cosmo Jiang, a portfolio manager at Pantera, said that although the blockchains early appeal was mainly focused on games and decentralized finance, we will see more use cases around payments and remittances in the future. TONs number of daily active users recently exceeded 350,000, according to TonStat data.