In order to be totally honest the headline should read that the web will look like a “Cute Experiment”. Who says? The CEO of Circle, Jeremy Allaire, that’s who. And if you don’t know about Circle………well better read up. Circle is already a major force in the crypto space with some very heavy partners and is expanding to become the dominant force in all of cryptocurrency. Jeremy also forecasts that soon there will be a “tokenization of everything” and that using cryptocurrency to tokenize real-world assets will “make the web look like a cute experiment, comparatively speaking.” Better familiarize yourself with the name Circle. Read more.
Bill Taylor/Fintek Capital
“Blockchain unicorn Circle has made a series of strategic moves that all have one theme: to become a dominant force in the world of cryptocurrency. The startup is backed by some of the most influential companies in the sector, and the CEO believes that tokenization is truly the future.
Boston-based Circle is not interested in just one aspect of cryptocurrency. This is evident when one considers the acquisitions that the company, which recently raised $110 million at a $3 billion valuation, has recently made. The company recently acquired the cryptocurrency exchange Poloniex, which many believe is part of a long-term plan to challenge Binance as the top cryptocurrency exchange in the world.
As the stablecoin sector heated up, Circle decided to throw their hat in the ring, launching the USDC stablecoin, pegged to the U.S. dollar. The project is structured as an ERC-20 token on the ethereum blockchain and launched with 30 partners, many of whom are respected and globally-known cryptocurrency companies, such as payment processing company BitPay…”