The CEO of the cryptocurrency-oriented finance company Circle has said that crypto is fundamental as we need a decentralized infrastructure in order to pull through the ‘digital age’.
Strong Words in Davos
Attending the 2019 World Economic Forum in Davos, Switzerland, the CEO of cryptocurrency-oriented finance company Circle, Jeremy Allaire, shared his view on crypto and its role in our future.
According to him, cryptography is particularly important for the protection of our modern society in terms of human privacy. He says that it’s a fundamental tool for our ‘cyber defenses’ and that it’s invaluable for every corporation, as well.
People throw around ‘crypto’ like it’s a bad thing – it’s scary. – Said Allaire.
The CEO also pointed out that our modern society is increasingly reliant on digital infrastrctures and, as such, crypto is fundamental to our future.
We need tamper-proof, resilient, decentralized infrastructure if we want society to survive the digital age. We see this as much more transformative even than the web. We think this has a long arc that will have a far greater impact on our civic institutions and our economic institutions.
Maintaining a Firm Position
Allaire has always been positive on the future of cryptocurrencies and the technology behind them.
In October 2018, Circle’s CEO called out national regulators in a push to create a consolidated legislative framework for the entire cryptocurrency field.
At the same time, Circle, which was funded by Goldman Sachs, reported $24 billion in over-the-counter (OTC) trading volume in 2018. In an official Medium post from earlier this month, the company revealed that it has carried out more 10,000 OTC trades, including 34 different digital assets.
It also mentions that it has become a “core liquidity provider to the entire crypto ecosystem”, as well as to the new digital asset investor base of hedge funds, crypto funds, VCs, and family offices.
What do you think of Circle’s CEO position on cryptocurrencies? Do you agree? Let us know down below!
Images credit to Recode