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CEO of Circle Believes Crypto Will Be “Adopted Like the Internet”

CEO of Circle Believes Crypto Will Be “Adopted Like the Internet”

Jeremey Allaire, CEO of Circle, says that Ethereum may help push cryptocurrencies to go mainstream. He believes that blockchain and crypto may eventually be “as broadly adopted as the internet as today,” meaning that we take cryptocurrency for granted and use it in everyday life as we do with the internet- for the vast majority of citizens.

Allaire told CNBC that Ethereum “really catalyzed the market last year” and it “kind of got to a place where you could build apps on top of it” by “issue[ing] new tokens on top of it” and “creat[ing] new kinds of financial contracts, using the smart contracts technology.”

The head of the digital payments company and exchange says that Ethereum’s decentralized apps are the key to making it happen. He said that Ethereum has the most numbers developers using its tech by far but it also has many competitors like EOS, Cardano, and NEO.

Circle was backed by Goldman Sachs back in 2015. Circle offers a full suite of apps that lets customers invest in crytpo, send and receive payments in 29 countries, and supports a variety of coins such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ethereum Classic, Zcash, and Monero with planned support for more coins in the future.

This isn’t the first time Allaire has made some absolute statements about Ethereum and crypto. He’s also mentioned how every single fiat on the planet will become a cryptocurrency eventually in a global revolution. Circle has been making a lot of news in the world of crypto. They recently launched a stablecoin to reduce market volatility and reshape the crypto market. They also recorded a near 30% spike in institutional investors last month.

Long-time reader of crypto. One of the first graduating classes of Blockchain and Future Trends. Writer, journalist, and newbie technical analysis price speculator. Learning about the development of cryptocurrency and blockchain technology around the world is my job. ICOs, whitepapers, and cryptoculture are my things.

Disclaimer: Our authors may hold active positions in one or multiple cryptocurrencies discussed on this news portal. Opinions expressed at AWSMO are NOT investment advice and any investment in one or more cryptocurrencies may be high-risk and extremely volatile. Please due your due diligence before making any investments in any cryptocurrency. Your investments are your own risk and you assume full responsibility for your actions.

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