Circle CEO Says Hundreds of Millions Will Use Crypto

By Abhimanyu Krishnan | News | 9 Dec 2020


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

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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