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Big Tech May Launch Crypto Wallets by 2026, Says Dragonfly's Haseeb Quershi
Key Takeaways
- Haseeb Qureshi expects a major tech company like Google, Meta, or Apple to release a crypto wallet by 2026;
- Large banks and fintech firms are testing private blockchains using tools like Avalanche, OP Stack, and ZK Stack;
- Qureshi doubts that fintech-built blockchains will succeed, and said Ethereum and Solana will continue to lead the market.
Haseeb Qureshi, managing partner at the crypto investment firm Dragonfly, expects one of the major technology companies, such as Google, Meta, or Apple, to introduce or buy a crypto wallet in 2026.
Qureshi noted that this could bring digital currencies to billions of users worldwide.
In a post on X, Qureshi said that large companies, especially in banking and financial technology, are preparing to build blockchain systems.
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Many of them may use platforms like Avalanche
Several financial firms, including JPMorgan, Bank of America, Goldman Sachs, and IBM, have already developed private blockchain projects. Most of these are still in testing or limited use.
However, Qureshi is not confident in the success of new blockchains built by fintech companies. He said these projects will likely fail to attract enough users or activity to compete with established public blockchains such as Ethereum
According to him, projects like Tempo, Arc, and Robinhood Chain will deliver disappointing results across key areas, including active users, stablecoin activity, and real-world asset activity.
Qureshi added that the most skilled developers will continue working on open and neutral networks, where innovation is not restricted by corporate control.
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