CEO of Goldman-backed Fintech Says All Currencies Will Become Cryptocurrencies
The CEO of a Goldman-backed startup remarked this week that every currency in the world will soon become cryptocurrencies.
Jeremy Allaire of Circle says that the transition will be inevitable. He also revealed that his company, which offers a blockchain-powered app that allows free money transfer, is looking to introduce a cryptocurrency pegged to the US dollar. The company says this will speed up dollar transactions and reduce volatility in most cryptocurrencies.
The $3 billion company, which is also backed by Chinese internet giant Baidu, also offers over-the-counter cryptocurrency trading for institutional investors, in addition to other cryptocurrency products.