Lucy Manche, "Movement (MOVE), Establishing Payment Infrastructure in Southeast Asian Countries"

# Movement Labs Launches $MOVE Public Mainnet Amid Speculation of MOVE-Based ETF Movement Labs ($MOVE) has officially launched its public mainnet, generating significant industry interest with talks of a potential MOVE-based ETF. Co-founder Rushi Manche discussed the future of the cryptocurrency industry, potential collaboration with governments, and the challenges faced by founders on the Decypher Podcast. # Differentiating Crypto and Blockchain Rushi Manche emphasized the need to distinguish between cryptocurrency and blockchain. “Bitcoin (BTC) and Ethereum (ETH) are cryptocurrencies based on decentralized token economies, whereas blockchain is a distributed ledger that records data and processes transactions,” he explained. Manche stressed that while cryptocurrencies should remain free, blockchain needs to secure more users and work with businesses and governments to develop practical use cases. He highlighted the important role of blockchain in developing countries. “One-third of Argentinians use cryptocurrency, and Thailand is preparing for a digital asset revolution,” said Manche, adding that he was appointed as an advisor to the Thai Prime Minister to assist in formulating the nation’s cryptocurrency policy from the ground up. # Government Collaboration and Industry Reactions Manche argued that cooperation between cryptocurrency and governments is inevitable, citing the growth of major IT companies like Microsoft and Facebook through their collaboration with governmental bodies. However, this stance has faced some backlash within the crypto industry. Critics argue that it contradicts the principle of decentralization. Manche countered, stating, “For technology to mature, adoption by businesses and governments is crucial. Collaboration with these entities is essential for the spread of blockchain.” # Goals and Future Plans of Movement Labs Movement Labs is developing a blockchain ecosystem based on the Move language, initially created for Facebook's Diem project, which is praised for its superior security and scalability compared to existing EVM-based blockchains. “Our goal is to build a blockchain that can be utilized by global financial and governmental institutions, not just a simple DeFi project,” said Manche. Movement Labs plans to push forward with projects such as the digital transformation of the Thai Baht and establishing payment infrastructure in Kenya and other Southeast Asian countries. Manche also highlighted that Movement Labs has already secured $250 million in Total Value Locked (TVL) and aims to attract more liquidity in the future. “Our ultimate goal is to become a core infrastructure in the blockchain industry within the next decade,” he stated. The launch of Movement Labs' public mainnet marks a crucial turning point for the practical application of cryptocurrency and blockchain. It remains to be seen how they will collaborate with global financial and government institutions moving forward.