Jeremy Allaire States that Ethereum is the Key to Crypto-Blockchain Acceptance
Jeremy Allaire, the chief executive officer for Circle, a digital currency company backed by Goldman Sachs believes that Ethereum will provide cryptocurrency and blockchain adoption on a global scale and bring both techs to the popularity levels of the internet.
Allaire has said that the emergence of decentralized applications from Ethereum is the essential key to their global adoption. In an interview, the CEO explained that cryptocurrencies and blockchain technology can possibly become as adopted as the internet across the planet. He attributes 2017’s cryptocurrency craze as part of the ability to build dApps on Ethereum’s blockchain and additional features such as new cryptocurrency distribution, financial applications and more.
He then highlighted that Ethereum’s competitors are high in numbers, such as EOS and Cardano, despite the fact that Ethereum is favored by developers above all else. Goldman Sachs, the investment banking giant, purchased stakes from the company in 2015. Circle offers many applications that permit investment in digital coins as well as the transfer of assets between two parties in more than 25 countries around the world. It also hosts listed coins such as BTC, ETH, LTC and Monero with further additions to be made later on.
Allaire has never been one to make daring comments regarding cryptocurrency and its future. In June, the CEO stated that dollars, euros, yen and any other fiat will eventually become a digital currency and that given the technology’s impact in just a few years, the transition seems to be cemented.
As a means of assisting in cutting down on volatility and enhancing digital markets, the company recently oversaw the release of a stablecoin, a crypto dollar. As the CEO has stated, Circle saw an increase of 30 percent from institutional investors trading on its digital exchange platform in June.