Cryptocurrency News
Crypto remittances must have allure of cash without regulatory constraints — Jeremy Allaire
2022.05.23 21:21
Crypto remittances must have allure of cash without regulatory constraints — Jeremy Allaire
Digital cash systems built on the blockchain must retain the qualities of physical money in order to attract more users in developing countries — and must be able to do so without regulatory constraints — according to Circle CEO Jeremy Allaire.
In a panel discussion at the World Economic Forum’s Annual Meeting, titled “Remittances for Recovery: A New Era of Digital Money,” Allaire discussed all the features that make physical cash an ideal medium for exchange. There’s a reason why “cash is king,” he said, referring to physical money’s portability, privacy and role in securing individual sovereignty.
