Circle Co-Founder: Crypto Today Is Like “When Apple First Launched the iPhone”, Still in the Early Stages
Jeremy Allaire, Co-Founder and CEO of Circle, speaking at a roundtable discussion on the theme “The Next 3 Years in Crypto” on the first day of the TOKEN2049 main conference, said:
Version 1.0 of the Circle vision envisions what is essentially a world of storing and transferring value at zero marginal cost. In this world, the user experience of transacting on these mediums will be as simple and seamless as the user experience we have with the major software tools on the Internet. We're not quite there yet, but we're very close. But I think we'll make progress on the relevant utilities over the next year.
I think when we get close to that point (envisioned in version 1.0), the velocity of money circulating in the world and the real economy will increase significantly, and if we have this extremely high velocity of money circulating, the ability for people to benefit economically from it will be significant.
I think it's still early days, and despite the tremendous progress being made in decentralized finance (DeFi), we're still only just beginning to explore this area. I liken it to when the iPhone was launched, when there was a lot of creativity around mobile devices.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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