Circle CEO Jeremy Allaire, speaking at the Singapore Fintech Festival, said that he expects third generation blockchains to encompass “hundreds of millions, if not billions of users.”

• Allaire made the remarks in a panel discussion on the topic of whether digital currencies can foster a new generation of payments systems
• The panel largely agreed that user experience was a significant obstacle to adoption, but Allaire noted that the technology was about to reach a “broadband moment”, similar to the jump from dial up to broadband
• According to Allaire, an improved user experience would lead the public clearly understanding the advantages of cryptocurrencies
• Circle is the firm behind the USDC stablecoin, which will soon be integrated into the Visa network