Executives from Facebook’s ‘Diem’ Association, Circle, Soramitsu, and Coinbase discussed how and when digital currencies will go mainstream, at the Singapore Fintech Festival.
Speaking at Singapore Fintech Festival, Circle CEO Jeremy Allaire said that “third-generation blockchain technology” would see digital currency “in the hands of hundreds of millions, if not billions of users.”
Allaire featured on a panel alongside the CEO of Facebook’s ‘Diem’ Association (formerly Libra Association) Stuart Levey, Coinbase CPO Surojit Chatterjee, and Soramitsu CEO Makoto Takemiya, to discuss the question: Can Digital Currencies Birth the Next Generation of World-Class Payment Systems?.
Allaire argued that digital currencies are still very early in their development but are about to take a leap analogous to that from dial-up internet to broadband.
“We’re right on the cusp, of what I like to think of, as the broadband moment of digital currency.”
However, Soramitsu’s chief executive said that the current user experience of crypto remains a barrier to widespread adoption, despite the underlying technology already being “good enough for everyday use.”
