As Circle CEO Jeremy Allaire said, the cryptocurrency industry is almost ready to change the underlying truths of civil society.

Allaire stressed that the main problem lies in the trust between people and technology, including the blockchain technology. At the same time, a simple principle operates in the cryptocurrency community: “in crypto we trust.”

As the head of the Circle said, the thing is that instead of relying on intermediaries, the use of cryptographic confirmation allows you to create “much more secret, secure and independent forms of financial transactions.”

Allaire said also that the cryptocurrency industry is not only digital payments and transfers, but also “a new fundamental infrastructure for storing important data, while much more decentralized, reliable and protected from fakes”.

Note that recently, the Chairman of the International Monetary Fund Christine Lagarde expressed the view that the blockchain technology is shaking the traditional financial system and changing it from the inside.

Author: Marko Vidrih