Circle co-founder: The current crypto space is like the situation when "Apple just launched the iPhone," still in its early stages

ChainCatcher news, Circle co-founder and CEO Jeremy Allaire spoke at the "The Next 3 Years in Crypto" roundtable discussion on the first day of the TOKEN2049 main event, stating:

In the vision 1.0 version of Circle, this is essentially a world where the marginal cost of storing and transferring value is zero. In this world, the experience of users transacting on these mediums will be as simple and seamless as the user experience we have with major software tools on the internet. We are not fully there yet, but we are very close. However, I believe that in the coming year, we will make progress on relevant practical tools.

I feel that as we approach that point (the vision 1.0 version), the velocity of money circulation and the actual economy in the world will significantly increase, and if we have such a high velocity of money circulation, the ability for people to gain economic benefits from it will be substantial.

I believe we are still in the early stages; despite the tremendous progress made in decentralized finance (DeFi), we are just beginning to explore this field. I liken the current situation to when the iPhone was released, when there were many creative ideas about mobile devices.