Circle CEO: Crypto Industry Is About Fundamental Redesign of Functioning of Civic Society

Circle CEO Jeremy Allaire reaffirmed his stance, “in crypto we trust,” opposing centralized intermediaries to cryptographic proof.

The crypto and blockchain industry is about a fundamental redesign of the basics of how civic society will ultimately function, according to Circle CEO Jeremy Allaire. The CEO provided his stance at a recent panel within the 2019 Spring Meetings of the World Bank Group and the International Monetary Fund (IMF) in Washington, D.C. on April 10.

Allaire discussed both the potential and the issues associated with crypto and blockchain-related developments in a panel dubbed “Money and Payments in the Digital Age.” Moderated by the IMF’s managing director Christine Lagarde, the CFO of Consumer & Community Banking at JPMorgan Sarah Youngwood, the European Central Bank’s (ECB) Benoît Cœuré and governor of the Central Bank of Kenya (CBK) Patrick Njoroge also participated in the…

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2019-04-11 17:15:00

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Written by Cointelegraph

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