19 Burst results for "Jeremy Allaire"

"jeremy allaire" Discussed on Adventures in Finance: A Real Vision Podcast

Adventures in Finance: A Real Vision Podcast

03:10 min | Last month

"jeremy allaire" Discussed on Adventures in Finance: A Real Vision Podcast

"That presidential working group kind of you know Those recommendations that came out very closely matched to house. Center consortium operate so that was good just in terms of the what i think about is the governance risk management compliance other things that go beyond this the occ guidance Is getting kinda like very specific. It saying okay. If you are a bank in the united states financial system you can utilize stable coins as payment infrastructure. You can issue them yourself as well. So you can participate in issuance But but you can utilize it as a payment infrastructure on par with ach on par with swift on par with debit network rail's and a defines how to classify and think about it as like electronic stored value medium and it's specifically provides a whole set of guidance on using using this on public blockchain's and so it it is elevating public blockchain's like the bitcoin network the ethereal network and other public networks to being market infrastructure for the mainstream financial system in the united states. Which is a huge deal. And this is like you know. I think this is This is significant and ladders on the sec guidance that came out in late december as well which basically after three years. The sec finally clarified that broker dealers can self custody clear and settle digital assets. You around kind of custody rules. Transfer rules and so on but it clarified that how how broker dealers can do that. And that also includes saddling essentially these digital assets as securities transactions on public blockchain's and. So we now essentially have the sec end. The saying public blockchain's are effectively a settlement infrastructure for securities and cash like instruments in states. That's a big deal That's a really big deal And i obviously like the markets responded a lot to that Because i think you know banks canal lean into this right so banks can lead into whether it be cryptic brokerage or you know. I wanna custody. Bitcoin or prime broking all of. That's coming absolutely and and you know. And i think it also means like things like us dc can be utilized now the payment settlement infrastructure for for just straight up payments and And also as a payments infrastructure tied to other securities as. Well which is. I think really were stuff started to get a lot. More interesting as the demand for telemedicine grows so does the need for connective five g. Meets that meet. Qualcomm focused on giving doctors and patients superior security rich five g. Connectivity learn more at qualcomm dot com slash invention age. you know. i'm getting confused..

Qualcomm late december united states after three years qualcomm dot com
"jeremy allaire" Discussed on Adventures in Finance: A Real Vision Podcast

Adventures in Finance: A Real Vision Podcast

03:00 min | Last month

"jeremy allaire" Discussed on Adventures in Finance: A Real Vision Podcast

"It was like whoa. If this is like a a a new global compute engine that's trustworthy tamper proof and you can deploy code to it and then you have like these underlying financial assets that you can interact with. That's like super profound and like you can imagine actually recreating what we think of is the financial system on top of that. So that's what got drew and the first product we created. Actually it was a consumer facing product That took dollars euros pounds and allowed them to seamlessly transact over the bitcoin network and so we use bitcoin as essentially like us An open salman layer but the user number knew it. It was like i m dollar and i'm gonna be up to what is essentially a bitcoin wallet. We managed all the underlying treasury liquidity stuff to make that work but it turned out like doing that on top. Bitcoin was. I don't want to say it was the wrong idea. But basically bitcoin preserved its position as like a digital gold. And you know. There was not an impetus in the bitcoin community to focus on transaction throughput. Scaling on on kind of being a a payment system basically and and there was very little interest in expanding it in terms of his program ability with things like smart contracts and so a lot of things that we wanted to do. Just didn't this weren't possible. Bitcoin at at in late two thousand sixteen was quite expensive. It's still relatively expensive to transact with and so basically In two thousand seventeen said okay. A theorems here is kinda production beta. It's kind of in a good place that you could actually build like a you know what we now call stable coins but you could build essentially like a fiat protocol layer on top of it. And so we envision that and we that led to the creation of us dc and Which we lend launched in two thousand eighteen and and that's grown a lot so now today like there's essentially like these new standards for fiat digital currency that are kind of private sector led i e these sort of regulated stable coin models. Uscc is by far the biggest in terms of playing in that regulated space. And and now it's becoming possible to basically transact instantly globally extremely inexpensively and the ideas of programmable money have arrived as well having defy is programmable money it's people basically saying how do i. How do i write. Financial markets in code played on the internet and then stable become a really critical part of that as well. So we're we're seeing a lot of the early things that we envision becoming possible starting to happen so who the main uses cowardly of us dc. I mean yes when we launched it with queen based so coin..

today first product Uscc two thousand seventeen late two thousand sixteen two thousand eighteen
What Will the World Look Like When Crytpo Is Fully Adopted?

Unconfirmed: Insights and Analysis From the Top Minds in Crypto

07:14 min | 5 months ago

What Will the World Look Like When Crytpo Is Fully Adopted?

"What do you think the world will look like. Once crypto has been adopted. There's there's two sort of visions. I think i don't maybe we can just be honest ourselves. Sometimes i worry about the vision. We have for currency so aware. I started and i have a lot of respect for jeremy in the team at circle. Because back when i was in grad slow boston actually used circle to violate quinlan. So kudos huge you. Jeremy you saved me from my days for buying the clan on craigslist in using fan. So i could do how well yeah. So you obsolete neat stack my my sats. The early days of the coin The i think they're sort of two visions and they're two very different visions the vision. I've always had for bitcoin that i think. Really compelling one is the separation for the first time of money and state. Money has been object of the state since julius caesar stamped his face on a gold coin and i think really the experiment. We're attempting here like the world is no longer defined by physical orders. We live in a very digital world. Anyone could be anyone on. The internet has many different identities many different communities where part of sometimes as our default reality south. Sometimes where donnas you know there are a lot of eggs anonymous individuals citing. We live in this really interesting world that is truly becoming borderless antony. Bitcoin really represents the evolution of money transfer value in that world. But in the same time. I think governments are looking at bitcoin Right now we're living in a world where governments are trying to ban math. They're literally encryption. We done this time and time again. For the last twenty five years since incriptions existed but the advent of central bank digital currencies. In certainly what. We've seen in the asia pacific region in particular the advent of dc p. and Sort of national quote unquote digital currencies. You do have a lot of concerns around the ability for people to have financial privacy. Privacy transactions privacy communications so we have these two very different paths down which we're heading. I don't know if they're gonna coexist. Don't know if it's going to be an ethic collision and i know jeremy also you know than working a lot on uscc which which arguably has replay here. But i think the future of joe currencies in our society is sort of at this. Very interesting impasse. I want bitcoin to exist. Ideally people have the right to privacy that people have the right to sue committee in their transactions. But i think governments certainly do not like that and are advocating now for the antithesis of that which is central bank digital currencies and monetary systems that. Give them complete control the ability to exert financial censorship at every level of society. Driving up tacit. Tiv know early. There's so much there. I i guess i it just as a technologist The to the question of you know. When will this be mainstream or however you wanna call that my view is that you know. Things are mainstream in terms of technology when they disappear when they're invisible people and and when when essentially like people just take take them for granted right and said depending on your age and depending on where you are like. You might take for granted social media. But obviously that wasn't something that existed Wherever x. number of years ago you might take for granted that you have this amazing you know Supercomputer that just like that is reality. That is what the world was but obviously that had changed so at. What point is the use of crypto so ubiquitous and so embedded in so many things that we just take it for granted so were were. We have credited ago on that. But i think we're making really really strong progress. I think when. I also think about that question. I really think about Crypto and blockchain Is is. It's a pretty broad surface area right. You can be narrowly focused and sort of say there's non-sovereign stores value that use of blockchain infrastructure. You know bitcoin cash you know cetera et cetera which i completely agree with melting right. There's this this is this new form of borderless internet money and it will continue to grow and scale. And i'm i'm quite quite optimistic about that. But then there's the the fundamentals of the broader technology right so you know public chain infrastructure as effectively a new operating system layer on the internet. A new set of systems for storing data conducting transactions and executing code. That's what operates systems can help. Do these new operating system layers are very very general purpose in many respects there well suited to what i call fiduciary trust applications but can also be you know i. I was in a hackathon panel with melting the other day and we are looking at someone who built a decentralized messaging application on top of salona. The point being anti-centralized fantasy football fans in so digital games. You know messaging applications all these things on decentralized infrastructure web three cetera. Like that part of this is also a very very important part of this and so and you know something like stable coins like regulated stable coins like a us dc or potentially libra like these. These are also like apps that run on this new operating systems and could be quite popular. And so i think in terms of the question of when does that become mainstream. I think we're really close there. I think in the next twelve to twenty four months many of the most popular digital wallet products in the world that are used that we think of unused like as peer payments. And things like that. They're gonna turn on these protocols they're gonna turn these on and you're going to have you know all of a sudden hundreds of millions of people that can make interoperable payments at each other and that will kind of be in the background. That will be invisible. You'll you'll just you won't be trapped in making payments to people who then mo you'll be able to make payments between van mo and square cash and pay pal and swish in sweden and vips in norway. And you know go around the world to all these different apps. They're all going to speak. These common protocols in i think that's a a mainstream phase in digital currency. That's that's coming. I think ultimately that same number of people who might feel okay like i'm using euros or dollars or whatnot feeling comfortable using bitcoin that will grow to and eventually i would expect billions of people will will wanna use bitcoin to

Jeremy Quinlan Bitcoin Julius Caesar Blockchain Antony Asia Pacific Boston JOE Football Van Mo United States Sweden Norway
"jeremy allaire" Discussed on Unconfirmed: Insights and Analysis From the Top Minds in Crypto

Unconfirmed: Insights and Analysis From the Top Minds in Crypto

05:37 min | 5 months ago

"jeremy allaire" Discussed on Unconfirmed: Insights and Analysis From the Top Minds in Crypto

"I just wanted to find out from you guys. How do you define that. What do you think the world will look like. Once crypto has been adopted. There's there's two sort of visions. I think i don't maybe we can just be honest ourselves. Sometimes i worry about the vision. We have for currency so aware. I started and i have a lot of respect for jeremy in the team at circle. Because back when i was in grad slow boston actually used circle to violate quinlan. So kudos huge you. Jeremy you saved me from my days for buying the clan on craigslist in using fan. So i could do how well yeah. So you obsolete neat stack my my sats. The early days of the coin The i think they're sort of two visions and they're two very different visions the vision. I've always had for bitcoin that i think. Really compelling one is the separation for the first time of money and state. Money has been object of the state since julius caesar stamped his face on a gold coin and i think really the experiment. We're attempting here like the world is no longer defined by physical orders. We live in a very digital world. Anyone could be anyone on. The internet has many different identities many different communities where part of sometimes as our default reality south. Sometimes where donnas you know there are a lot of eggs anonymous individuals citing. We live in this really interesting world that is truly becoming borderless antony. Bitcoin really represents the evolution of money transfer value in that world. But in the same time. I think governments are looking at bitcoin Right now we're living in a world where governments are trying to ban math. They're literally encryption. We done this time and time again. For the last twenty five years since incriptions existed but the advent of central bank digital currencies. In certainly what. We've seen in the asia pacific region in particular the advent of dc p. and Sort of national quote unquote digital currencies. You do have a lot of concerns around the ability for people to have financial privacy. Privacy transactions privacy communications so we have these two very different paths down which we're heading. I don't know if they're gonna coexist. Don't know if it's going to be an ethic collision and i know jeremy also you know than working a lot on uscc which which arguably has replay here. But i think the future of joe currencies in our society is sort of at this. Very interesting impasse. I want bitcoin to exist. Ideally people have the right to privacy that people have the right to sue committee in their transactions..

jeremy craigslist julius caesar boston quinlan incriptions asia
"jeremy allaire" Discussed on Messari's Unqualified Opinions

Messari's Unqualified Opinions

12:31 min | 1 year ago

"jeremy allaire" Discussed on Messari's Unqualified Opinions

"I told you we have an excellent season kicking off twenty twenty and I'm joined today by none other then the CO founder and CEO Circle. Jeremy Allaire Fun facts about Jeremy and his team. I believe one of the earliest applicants. The whole this was back in late. Two thousand thirteen at actually made through one of their board members and As fate would have a gentleman up name unders That I was considering starting a stable coin project with Way Back in two thousand thirteen hundred fourteen interviewed around the same time as I did and basically we came at around the same time and and I told him while they're gonNA make off wrong spot he said No. No no and sure enough. You guys made an offer unders left left and recently that he'll draw sorry recently he recently joined the sorry and you are now now focused on stable coins pretty much exclusively. So the the intersection there. over the course of the last six years of course there's there's been some uh some work in between between Baltimore with DC G. and some of the were yet while I was coined us It's been fascinating to watch circles evolution over time and data and I think the you're in a very good position right now on the US DC front triggered talk a bit about as it is emerging as as you know one of the leading contenders unders for what's going to be the dominant stable especially in the US dollar pegged a stable income to cover a lot of territory right now Or of course the next hour fled Germany. For for starters loved to get the quick background on you. I think some people industry no a little bit about your background Previous to to digital currency. But but let's talk about that just to to start and then the evolution of circle in your own is And then I'll maybe jumping with with a little bit of my thesis as as to where certainly goes from here and then we can talk about that around you can. You can tell me off. I am very often. It sounds fun but number you were you. Were a a a a very sharp early speculator about what we were going to be doing doing good when we were stealth back in twenty thirteen and early twenty fourteen. Yeah that's yeah yeah and You no I I think you even knew some of the internal code names. We had for different things which sort of talked aspirational about where we saw digital currency going and Yeah and we'll get to all that conversation insurance so kind of where things are today but yeah my yeah my background just for for people who aren't aware I've been working being in Internet platforms for a long time since the early nineteen nineties and I I had a background in kind of studying political economy global political economy And that's what actually drew me into the Internet in nineteen ninety and became kind of very very obsessed about what you could what you do with it and worked on multiple companies over the next. You know fifteen twenty years I think what animated those companies was excitement about the promise of open open platforms open networks permission lists access to open protocols what you could do with that information. Communication software software delivery media all these kinds of things. which were you know? I think critical kind of infrastructures built up on on the layers to the Internet from the early nineties through obviously still today And so I you know first. Business was really enabling programmers grammars to build software applications for web browsers which was quite novel in Nineteen Ninety Four nineteen ninety five Really empowering a new generation of developers to create software for new kind of model and to build kind of content applications as. We'd like to call them back Ben and that grew Into a public company and then eventually we merged with macro media one of the dominant Internet designing tools companies. And I was chief technology officer there and worked on FLASH PLATFORM BACK IN. This would have been in. You know. two thousand one two thousand two thousand three and at that time. Flash was the most ubiquitous piece of software on the Internet. Ninety eight percent computers had it. And you we could actually upgrade the runtime of the Internet in twelve of months because we could basically launch a new version of the player it was like a new almost like an operating system had a virtual machine. We were dancing programming language to do a lot more stuff than we had a set of ideas. He is that when you have broadband and Wi fi kind of lighting up which were just sort of happening end kind of user experience. The Internet could could be a lot more rich and we put underlying primitives into that platform for video and And that sort of sparked my my next like major ager passionate in which was in early two thousand and two sort of interested in you know how could you disrupt what is the television and and media distribution the newspapers coming online or magazines coming online but actually television on the Internet and started another company. Let's left macro media. Started another company called Bright Cove which is listed public company. Now J. Took public. I'm a little bit before starting circle and that was again a platform company so basically providing UH platforms for companies in developers. That wanted to you know use video do video distribution not just browsers mobile devices. TV sets all stuff. I'm and bypass the legacy system for media distribution kind of going over the top Which is the phrase that we used with a software in media communications and in a in those generations the Internet? Now you know I sort of think about things like stable coins is like we're doing an over the top Financial System by building it all on open open permission list network so it networks Protocols Deli platforms developers can build on And really trying to create a user experience money. That's really different different. But I'm the sort of a little bit of the thread that runs through it and I think in two thousand and twelve Had just taken breakoff public And like a lot of people around two thousand twelve became interested in and obsessed with cryptocurrency Not Not just you know bitcoin specifically but the broader kind of our that we could see back in early two thousand thirteen. Sean and I were batting around starting circle and Many many of the ideas that sort of animated the founding of the company on things that we imagined becoming possible are actually just just now becoming possible and so it's super exciting time in the industry. It's a super exciting time. I think also circle but it's a very exciting time for the industry where Yup many of the things that got us to found the company and belief systems about what could happen with the global financial system where you can actually start to awesome. That's emerging so that's a little background in a little bit on how I got to circle so we we glossed over Quite a bit of meet in the Middle Right in terms of Aware Circle started in where you've been last few years and when people see the focus today on Uscca the encircle pay is still integral to the wrecked it. Now so circle pay we We ended service on circle pay last year as a standalone service. So and I can talk to you the kind of which which which one of my thinking so so the the the the the current product suite includes USCC and Yes so right now we have the USD service which is available to individuals and institutions and businesses and then we have a whole new set of products that that were gearing up to launch guy. Soon Center all built around. US obviously you you sold Colonie ax you sold OTC business and those mind misunderstanding But the reason I thought that it might still be integrated was because you're one of the earlier companies to think about digital dollars moving back and forth using bitcoin right show. There was a buy sell functionality. Functionally early on with the circle. Walla and trading shirt. The looked a lot like when base in terms of its function by some simple functionality and go to the vials is credit cards but The there was a then moulay quality to a lot of what you built. Subsequently sharp using using crypto assets What was interesting was you had completely abstracted away the fact that the winner in cryptic News which is kind of a precursor if you had a digital dollar if you had a token is Stable coin it that would be the the the actual asset that you allow people to see in the early. So we've kind of gotten that point now but you got out of the direct to consumer phase. I guess With with zero. Oh Pay Yeah so so talking about that. Yeah I think I'm just for context in this is that you're right on and a lot of I think the context is so so when we started the company twenty thirteen there were sort of several fundamental premises that we had and believes that we had and and You know one of those was that Public blockchain's would be The fact that emerges like a new infrastructure layer for certainly for financial applications. You know the sort of a broader set of idea around like you share trust application second span not just your finances but fundamentally like public chains could be a new public structure layer on the Internet for financial applications and at the time. There were certainly multiple blockchain projects. Bitcoin you're really dominated and in early two thousand thirteen. I mean what brought me into the space was not just sort of where bitcoin was then but there were lot of really interesting projects that were going going on to think about. Okay where could you go with this public infrastructure. How could you issue assets on top of it so you wouldn't just have like like the native token of Bitcoin? You'd have issued assets you know people remember like colored coins early proposals. You know. Things like counter-party counter-party there were a lot of really interesting projects but the technical community was very interested in that. Like okay if we have this kind of Trust List Transaction Layer and ledger and it is highly secure like what happens when you layer things top of it so that was one thing we bisque. That's going to happen. I don't know exactly which which way that will happen but we actually hoped it would happen on Bitcoin and it did not and and maybe eventually will but And the other was is there was all this talk about how you expand from the very basic script that you could use for things like multi transactions are very simple kind of script with Bitcoin. And and actually Kinda blow that out so you could actually have a full liberal machine and you could Actually Write Code Aka smart contracts. That could not just you know interact with these issued assets but actually could allow you to codify economic relationships in code that early and have that running on this public infrastructure and those two ideas were what got us really excited that you know those things happened and got to an infrastructure. Sure where you could you scale it to like the same scale. We use the ATP recipe or other protocols on the Internet that that would be the building blocks that would allow how you to have the building blocks to actually recreate the financial system in the image of the Internet..

Jeremy Allaire US Baltimore Germany CO founder Bright Cove DC G. Public blockchain Wi chief technology officer Ben CEO
Stablecoins: The Big Picture with Circle CEO Jeremy Allaire

Messari's Unqualified Opinions

08:15 min | 1 year ago

Stablecoins: The Big Picture with Circle CEO Jeremy Allaire

"Joined today by none other then the CO founder and CEO Circle. Jeremy Allaire Fun facts about Jeremy and his team. I believe one of the earliest applicants. The whole this was back in late. Two thousand thirteen at actually made through one of their board members and As fate would have a gentleman up name unders That I was considering starting a stable coin project with Way Back in two thousand thirteen hundred fourteen interviewed around the same time as I did and basically we came at around the same time and and I told him while they're gonNA make off wrong spot he said No. No no and sure enough. You guys made an offer unders left left and recently that he'll draw sorry recently he recently joined the sorry and you are now now focused on stable coins pretty much exclusively. So the the intersection there. over the course of the last six years of course there's there's been some uh some work in between between Baltimore with DC G. and some of the were yet while I was coined us It's been fascinating to watch circles evolution over time and data and I think the you're in a very good position right now on the US DC front triggered talk a bit about as it is emerging as as you know one of the leading contenders unders for what's going to be the dominant stable especially in the US dollar pegged a stable income to cover a lot of territory right now Or of course the next hour fled Germany. For for starters loved to get the quick background on you. I think some people industry no a little bit about your background Previous to to digital currency. But but let's talk about that just to to start and then the evolution of circle in your own is And then I'll maybe jumping with with a little bit of my thesis as as to where certainly goes from here and then we can talk about that around you can. You can tell me off. I am very often. It sounds fun but number you were you. Were a a a a very sharp early speculator about what we were going to be doing doing good when we were stealth back in twenty thirteen and early twenty fourteen. Yeah that's yeah yeah and You no I I think you even knew some of the internal code names. We had for different things which sort of talked aspirational about where we saw digital currency going and Yeah and we'll get to all that conversation insurance so kind of where things are today but yeah my yeah my background just for for people who aren't aware I've been working being in Internet platforms for a long time since the early nineteen nineties and I I had a background in kind of studying political economy global political economy And that's what actually drew me into the Internet in nineteen ninety and became kind of very very obsessed about what you could what you do with it and worked on multiple companies over the next. You know fifteen twenty years I think what animated those companies was excitement about the promise of open open platforms open networks permission lists access to open protocols what you could do with that information. Communication software software delivery media all these kinds of things. which were you know? I think critical kind of infrastructures built up on on the layers to the Internet from the early nineties through obviously still today And so I you know first. Business was really enabling programmers grammars to build software applications for web browsers which was quite novel in Nineteen Ninety Four nineteen ninety five Really empowering a new generation of developers to create software for new kind of model and to build kind of content applications as. We'd like to call them back Ben and that grew Into a public company and then eventually we merged with macro media one of the dominant Internet designing tools companies. And I was chief technology officer there and worked on FLASH PLATFORM BACK IN. This would have been in. You know. two thousand one two thousand two thousand three and at that time. Flash was the most ubiquitous piece of software on the Internet. Ninety eight percent computers had it. And you we could actually upgrade the runtime of the Internet in twelve of months because we could basically launch a new version of the player it was like a new almost like an operating system had a virtual machine. We were dancing programming language to do a lot more stuff than we had a set of ideas. He is that when you have broadband and Wi fi kind of lighting up which were just sort of happening end kind of user experience. The Internet could could be a lot more rich and we put underlying primitives into that platform for video and And that sort of sparked my my next like major ager passionate in which was in early two thousand and two sort of interested in you know how could you disrupt what is the television and and media distribution the newspapers coming online or magazines coming online but actually television on the Internet and started another company. Let's left macro media. Started another company called Bright Cove which is listed public company. Now J. Took public. I'm a little bit before starting circle and that was again a platform company so basically providing UH platforms for companies in developers. That wanted to you know use video do video distribution not just browsers mobile devices. TV sets all stuff. I'm and bypass the legacy system for media distribution kind of going over the top Which is the phrase that we used with a software in media communications and in a in those generations the Internet? Now you know I sort of think about things like stable coins is like we're doing an over the top Financial System by building it all on open open permission list network so it networks Protocols Deli platforms developers can build on And really trying to create a user experience money. That's really different different. But I'm the sort of a little bit of the thread that runs through it and I think in two thousand and twelve Had just taken breakoff public And like a lot of people around two thousand twelve became interested in and obsessed with cryptocurrency Not Not just you know bitcoin specifically but the broader kind of our that we could see back in early two thousand thirteen. Sean and I were batting around starting circle and Many many of the ideas that sort of animated the founding of the company on things that we imagined becoming possible are actually just just now becoming possible and so it's super exciting time in the industry. It's a super exciting time. I think also circle but it's a very exciting time for the industry where Yup many of the things that got us to found the company and belief systems about what could happen with the global financial system where you can actually start to awesome. That's emerging so that's a little background in a little bit on how I got to circle so we we glossed over Quite a bit of meet in the Middle Right in terms of Aware Circle started in where you've been last few years and when people see the focus today on Uscca the encircle pay is still integral to the wrecked it. Now so circle pay we We ended service on circle pay last year as a standalone service. So and I can talk to you the kind of which which which one of my thinking so so the the the the the current product suite includes USCC and Yes so right now we have the USD service which is available to individuals and institutions and businesses and then we have a whole new set of products that that were gearing up to launch guy. Soon

Jeremy Allaire United States Co Founder Baltimore Bright Cove CEO WI Chief Technology Officer Uscca Germany BEN Uscc Dc G. USD
"jeremy allaire" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:48 min | 2 years ago

"jeremy allaire" Discussed on Bloomberg Radio New York

"Highly volatile because really designed to be more like a scarce commodity like gold, which is inherently gonna have volatile pricing. But we live in a world where there are quite a few. Central Bank currencies that have a why wide adoption and have by stability as a really core. Attribute US to our being paramount amongst those. So what we really wanted to do is bring the technological benefits of these public blockchain networks, and Mary those with the price ability, liquidity and banking system. Connectivity that comes along with the US dollar. So rather than try and do that by ourselves. We created a new technical standard. It's an open standard. It's all published as open source software, and we created a new membership based consortium called center, and we co founded that with one of the other leading in cutting in in history coin dates and have now launched this. And you our coin is unique in that it is a standard that multiple issuers can implement. So if you. You token is dollars from your Bank account to circle, and you have these dollar tokens. You can use them on the internet someone might receive them if they want her then redeem those for dollars in innovative account coin base, and they can go ahead and do that. So it creates the kind of open scheme where you have interoperable fungible dollar tokens. The really important thing here, though, is that what this allows is it allows you to take the power of a dollar, which is, you know, a, trustworthy, you know, sovereign credit risk essentially and the critically and Mary that with technological innovation of cryptocurrency. So you can now take a dollar and transmitted to any internet connected device or person in world in seconds with settlement finality in minutes with very high levels of security and a tiny tiny cost which is in independence today which in the next year. Or two will approach zero in terms of cost, and that's really powerful that just never been possible before. So we're seeing the introduction of these stable coins. Like US dollar coin really marrying the real world money with the global financial system. And the last comment here is just once you have that in case, you can now create investment contracts that utilize those dollar coins, we'll continue this conversation with Jeremy AllAire CEO of crypto finance company circle. In just a moment..

US Mary Jeremy AllAire CEO
"jeremy allaire" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:56 min | 2 years ago

"jeremy allaire" Discussed on Bloomberg Radio New York

"So today circle invest include support for I think around twelve different crypto asset that includes major, you know, names, like bitcoin and theory, but it also includes you know, other really interesting didn't laugh at. Like, stellar or ES privacy coins? Like the cash and minero as well, as you know, tokens that are interesting for the holiday that they provide the people, but which people have have sought out purchased like euro, and the basic attention token, really tried to make it simple for people to get involved in investing uniquely. We created features that are really space forward for investors such as by the market where you could just essentially by on based on market cap weighted factor all the different assets in the markets that we offer or by by category that you're interested in currency that are focused on payments. You could by investing payment digital asset or say, you're interested in businessman teeth that are focused on privacy. You could invest in the privacy asset again tried to make it really simple seamless than it has. A lot of built-in educational content. That's really written for someone who's new to these markets. And so it's very user family product. It's very very well rated, and so if you're new to the states or new to investing in the space, it's a great way to start. Last year you acquired Polonia in exchange that apparently needed help. And I've read that your long term mission is to build a multisided marketplace where anyone can build tokenist assets. Tell me about that. Why did you want pollen? Sure. So when you know when we look at, you know, cryptocurrency technology and digital currency technology. What we really see is simply a new infrastructure layer for the internet that allows us to build applications that center around value exchange sort of the first of the internet was really around building applications around kind of information exchange data exchange that track, but sort of missing layer has been how can people and people in businesses safely interact in financial arrangements, actually over the internet in mediated over the internet, and you know, in in two thousand seventeen phenomenon happened that everyone, you know, saw and took notice which was this whole idea. Initial coin offerings for ICO's. And all of a sudden you had you know, basically anyone with. The white paper wanting a token raising capital. And of course, everyone could see that there were a huge problems with that. He is technologist and internet entrepreneur who is the co founder and CEO of circle which began as a peer to peer payments technology company. But as expanding into a crypto finance company on a mission to change the global economy. Jeremy AllAire will return for part two of this interview next week. By the way, if you have comments about the show or suggestions for topics. Please Email me at a closer look at Bloomberg dot net. That's a closer. Look one word at Bloomberg dot net. And follow me on Twitter at Cartha Levitt one word. This.

Bloomberg Jeremy AllAire ICO Cartha Levitt Twitter co founder CEO
"jeremy allaire" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:35 min | 2 years ago

"jeremy allaire" Discussed on Bloomberg Radio New York

"This is a coarser looked at founder chairman and CEO of circle Jeremy AllAire, he saw the possibilities of the internet while still in school and founded his first company with his brother called AllAire and early pioneer in the web platform market that he eventually to public. He then created bright cove and online video platform used by media organizations worldwide that he also took public in two thousand twelve the following year. He saw the future of money and founded circle consumer internet company who stated mission is to make possible for anyone anywhere to help change the global economy. He joins me now for a closer. Look german. You've said that you're ridge no interest in the internet was sm- around nineteen ninety when he saw a decentralized network. Could guess injure mediate governments and media companies? You don't have a degree in engineering or business, but political science, so how did you wind up in technology? Yeah. Thanks. You know, I started tinkering with technology when I was young. I was sort of one of these, you know, kids I was lucky that we had an apple two in our house in the nineteen eighties. But it really was in in in nineteen ninety when I was in college. That I also lucky that I got access to an inter high speed internet connection in my dorm room and transformative experience to connect to open decentralized network and information communications could move freely. It was obviously not the internet. We know today, but the fundamental the fundamental model of this open. Global permission list network would there, and it was very self evident to me into that inspired me to learn as much as I can about the technology, which which I did in the doing years in two thousand and thirteen you co-founded circle which started I as a consumer finance company using the blockchain technology. What exactly is circle pay? An how's it changed since it detonated in two thousand thirteen when we started. The company in in two thousand and thirteen we had been very excited about inspired by cryptocurrency. And by what it suggested to us about what the future of the global financial system would look like and having watched the prior twenty years where decentralized open networks transformed how the information industries where account information broadly could be exchanged and utilized globally. We thought very similar happening in the world of finance and money. We wanted to build a new kind financial institution, but build it all on top of the cryptocurrency infrastructure, and and really continue are continuing to pursue that. When we started building, the first pieces of our platform in two thousand and thirteen in two thousand fourteen the technology was pretty limited. Then you really just had bitcoin and a lot of things that we wanted to do eventually. Alike. Represent more elaborate forms of financial assets create contracts around those assets, those were things that were conceptually possible. But no one had really implemented technology for them. So when we started we really started with how could we create an experience for people to be able to pay anyone anywhere and exchange value with anyone anywhere in the same way that we can exchange content instantly globally fiction, Leslie and without cost. And we we did that initially by building on top of the bitcoin network. And we did that with dollars euros and pounds at the starting currencies. And that's obviously that the product still allows people to make those kind of fiction lists instant payments between people, but the technology instead of bitcoin, we've been moving our own architecture to what are called stable coins or taking traditional government issued money the money and token, izing it and allowing dollars and other currencies to actually be crypto currencies and work with the same benefits and cryptocurrency as well. How does the company differ from pay pal or van mo- circle different? Let's say there a lot of different pieces to what we do as a company and actually one of the most important things to understand it that kind of payment as utility. We actually don't think there's a business model and payments. We think that payments will go to zero in the same way that, you know, sharing information, it's just a service on the internet or communicating with video is a face service on the internet publishing your opinion globally to anyone is a free service on the internet..

Jeremy AllAire chairman and CEO apple founder Leslie twenty years
"jeremy allaire" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:36 min | 2 years ago

"jeremy allaire" Discussed on Bloomberg Radio New York

"Other really interesting did laugh at stellar ES privacy coins like the cash and venero as well, as you know, tokens that are interesting for the that they provide the people which people have have sought out and purchased like euro x and the basic attention token, really tried to make it simple for people to get involved in investing uniquely created features that are really space for for investors such as by the market where you could just essentially by based on market cap weighted factor all the different assets in the markets that we offer or by category. Say you're interested in that are focused on payments. You could buy an in Heyman digital asset or say, you're interested in currency that are focused on privacy. You could invest in. In the privacy asset again, tried to make it really simple seamless than it has a lot of built-in educational content. That's really written for someone who's new to these markets. So together, you can family product. It's very very well rated. And if you're new to the states are nude investing in the space, it's a great way to start last year you acquired Polonia in exchange that apparently needed help. And I've read that your long term mission is to build a multisided. Marketplace. Anyone can build token assets. Tell me about that. Why did you want pollen? Sure, when you know when we look at you know. Cryptocurrency technology and digital current technology. What we really see is simply a new infrastructure layer for the internet that allows us to build applications that center around value exchange sort of the first wave of the internet was really around building applications around kind of information exchange data exchange Trat, but the sort of missing layer has been how can people and people in businesses safely interact in financial arrangements, actually over the internet and mediated over the internet, and you know, in into dozen seventeen phenomenon happened that everyone, you know, saw and took notice which was this whole idea of initial coin offerings for ICO's. And all of a sudden you had, you know, basically anyone with the white paper wanting a token raising capital. And of course. Everyone could see that there were huge problems with that. He is technologist and internet entrepeneurship who's the co founder and CEO of circle which began as a peer to peer payments technology company. But as expanding into a crypto finance company on a mission to change the global economy. Jeremy AllAire will return for part to this interview next week. By the way, if you have comments about the show or suggestions for topics. Please Email me at a closer look at Bloomberg dot net. That's a closer. Look one word at Bloomberg. And follow me on Twitter at Arthur Levitt.

Bloomberg Jeremy AllAire Heyman digital Arthur Levitt ICO Twitter co founder CEO
"jeremy allaire" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:48 min | 2 years ago

"jeremy allaire" Discussed on Bloomberg Radio New York

"Finance company circle. Jeremy AllAire, I'm Martha Levick Q regard, the company blockchain as a competitor. No. We don't really blockchain as a competitor. I think they have a wallet product. That I think has some success for people who've bitcoin or a theory him. But they don't really compete in a lot of the other places where we operate. So they don't run an exchange platform. They don't run a we also run an over the counter trading service, which is one of the largest in the world, that's not a spacer, they're competing or stable coins. Or and certainly being a platform for issuing securities and helping companies raise capital over the internet businesses. I think there may be some limited amount of overlap. In the wallet space. But that's pretty limited. Are you looking to get a banking licence? Circle today is one of the most licensed and regulated crypto companies in the world. We have money transmission licenses from every state where we require them or the first company in the world to receive New York license for digital currency business activity in the state of New York. We have e-money issue license throughout the UK and EU. And then, of course, recently, the broker dealer license. Our philosophy is if there's a activity in our business that requires a license then will, of course, pursue that. A banking license. Are there certain activities that you can perform within the regulated banking sector? Taking deposit and rehab pop accounting this deposit. One of these. Certainly there are others as well. Those are not that we're currently in. But I could see in the future areas that might require us to have a banking license, and that's something that will closely evaluate in particular as as government try and come up with new type of charters for financial institutions that are more technology driven. And I think in particular were quite interested in when central Bank and national banking regulators at to some degree. Securities regulators embrace crypto native, finance, and what that looks like and figure out what the right kind of licensing and supervision team is for these types of businesses, which as I like to say it's a bit of a square peg round hole problem about a year ago..

New York Jeremy AllAire Martha Levick blockchain UK
"jeremy allaire" Discussed on Unchained

Unchained

01:51 min | 2 years ago

"jeremy allaire" Discussed on Unchained

"Q four will see bitcoin Ethan lead the charge in two twenty twenty to the promised land. Thanks so much lovey show. Looking forward to twenty nineteen. Hello. This is Blad. Amir yellow Saab chick calling from New York City. Just wanted to weigh in two thousand nineteen love your show. I think my favorite episode is Jeremy AllAire and Sean Neville. Why Trump will be bigger than the web just seventy one my predictions for two thousand nineteen is that first half two thousand nineteen will be very difficult and still will be painful for. A lot of people in the market. And it's just gonna be pretty tough first half second half. We'll see what happens. Thanks bye. Or this is Brian from Smith and crown on behalf when all team here who wanted to say, congratulations on one hundred. And wishing you the bet that look on whatever comes next as far as twenty nineteen goes, we see this as an era of infrastructure and information's intially industry and couldn't be more excited that what comes next best of luck. And here's the twenty nine. Emily Coleman CMO of shape shift. Congratulations to Laura in the unchain team for the hundredth episode looking forward to the year ahead learning more about all the things that the crypto universe has to teach us coming out of really great minds over there at unchained Hayler. This is.

Jeremy AllAire Emily Coleman Ethan New York City bitcoin Trump Hayler Sean Neville Blad Laura Brian Smith
"jeremy allaire" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:07 min | 2 years ago

"jeremy allaire" Discussed on Bloomberg Radio New York

"A really tight range right now. Do you think that will continue? I think bitcoin has to stabilize. A little bit more. What we saw until basically a couple of months ago was that every single asset in the crypto space was highly correlated bitcoin is highly correlated with a theory and highly correlated with basically every other asset bitcoin has started to become slightly detached from the rest of the assets. Which to me means that it's starting to develop its own fundamental values sept- from just the hype around the crypto space and evaluating that has become easier than evaluating these other projects Andy Bromberg president of coin list. Thank you so much. Thank you. Mine sticking with blockchain and crypto one company making headlines circle internet financial company is considered one of the most valuable US crypto currency marketplaces, and is now agreed to acquire crowdfunding firm seat. Invest this coming circle seeks to help startups issue digital tokens, and how how it allow its own customers to trade a wider variety of coins for more. We're joined by circles CEO, Jeremy AllAire, Jeremy, I'm sure you've been listening into the conversation with Andy would you agree that aren't much different today than they were yesterday. But that this period of great volatilities is potentially behind us. Sure. Thanks for having me on. Yeah. I mean, I think one critical difference is that there's dramatically fewer ICO's going on. And I think that's the result of a a couple of things one is been a increased amount of regulatory scrutiny around offerings and enforcement actions. That have been brought upon people who maybe did illegal. Securities offerings are were outright committing fraud. The other obviously is that the vast vast majority of projects that did raise capital have seen their values come down pretty dramatically. And so both of those have have I think reduce the number of token offerings. But I think for us. This is a really critical period. There's an incredible amount of infrastructure. That is maturing and our belief is that you know, token is asset so using cryptographic tokens and smart contracts to create new types of assets is going to continue to grow. And in fact, we think over time there will be hundreds of thousands if not millions of token ice assets that people are issuing trading and exchanging all around the world. So why invest? Well, when you look at our long-term vision, we acquired a popular crypto exchange earlier this year Polonia axe. And when we acquired that exchange we made it very clear that our long-term vision is to build a token marketplace where. Kind of multisided marketplace where businesses and eventually even individuals can issue and distribute token, iced assets, and then to provide a market for those to be able to be easily traded and exchanged there's some really key missing pieces to really fulfill that vision one is a lot of these tokens are going to be offered are going to be securities. And so we needed to be able to operate a broker dealer and operate within the regulatory framework of the SEC. So seed investor owns and operates a broker dealer and have been really at the forefront of crowd funding models and issuing and raising capital directly from investors easing securities over the internet for the last five years, they helped create the jobs act. They helped launch many of the first equity crowd funding models, including from unaccredited investors, which is part of the democratisation of finance that gets people so excited about things like token offerings but doing that within this regulated security space, and then the other is. They built out an end to end platform to help businesses to assess businesses to underwrite them to manage their their security offering to do the kind of marketing and distribution that's needed to help generate awareness and find investors, and those are all capabilities that we want to be able to have as we build out this multisided marketplace for the token association of assets. Can you see this bringing on more accredited investors or retail investors? The power of tokens ation is that more and more types of assets can be represented in a liquid tradable form. It's also very powerful. Because in theory, it creates a way for smaller businesses and mid sized businesses to more directly raise capital, and I think part of the benefit is that you can make those assets available through global markets over the internet and make those not just to credited investors, but also to main street, investors, and unaccredited investors. And that's something that seed invest, I think really pioneered is a self service model for supporting offerings to unaccredited investors using the jobs act framework that's already in place for crowdfunding and different types of skirt offerings, and so being able to apply that also in the crypto sphere is is really valuable and important. All right circle. CEO Jeremy AllAire. Thank you so much for joining us. Thank you..

Andy Bromberg Jeremy AllAire CEO US SEC Polonia axe fraud ICO president five years
"jeremy allaire" Discussed on Unchained

Unchained

04:52 min | 3 years ago

"jeremy allaire" Discussed on Unchained

"In retail all been replaced by technology companies as the adored brands that people trust now there are obviously chinks in the armor of these big internet companies in we've seen that play out obviously but i think technology companies have done unin credible job of delivering exceptional value great products incredibly user experiences with better economics than they're kind of pre technology company counterparts in so we think in the future of finance yeah i think it's going to be you know global technology companies that are built natively on the infrastructure that people adore trust and so it's gonna be kind of one in the market not just because you have some old guys name on your daily idea think with money it's it's a little bit of thicker leap than it would be just for communication it may be the dominant retail banking brand in china's ali pay and that that is not you know bank of industrial china or whatever it's all pay barely been around for a few years and almost eight hundred million people use it for retail finance so i think it's very possible for technology companies to establish really tremendous trustworthy franchises i do agree that it's a higher bar but i think if you look at the generations the jackson millennials younger who have been driving the adoption of these products and services they've they've proven quite willing to embrace technology native brands and companies and we certainly think that that opportunity exists in this world of finance since he mentioned china i wanna discuss that further china's seems to be part of your strategy you've taken investment from by'due id capital partners bucci capital other chinabased firms you formed a separate company circle china i don't know what the latest is on that you've received investment from bit mean one of the largest crypto mining equipment manufacturers and bitcoin pool operators how does china fit into circle strategy especially now given because i feel like a lot of this stuff happened except minus the bit main part happened before we saw this big clamp down in china around crypto yeah i could take part of that in shawn maybe jump into i think we've always been very impressed with the pace of of innovation out of china market in particular in fintech as a market it's just so far ahead of the us in europe there's a lot to learn their it's this is an example of a market where they they're just way out invading the west and so there's always been a lot we wanna learn there i think there is a long term thesis that we have which is that we do think that china is in the process of opening up their konami we do think that they're in the process of of opening up their currency to be more open in toronto blue with other reserve currencies and and there's an incredible amount of enthusiasm in china for blockchain technology to govern been over there it's it's fanatical in fact so there's just incredible amount of interest there the people's bank of china this more info was published on this last week on coin base i'm sorry on coin being there marching ahead building crypto power reserve digital currency for for our embi so they're racing ahead i think in in this area and so again there's there's just a lot to learn their circle we have a global strategy we have you know our international headquarters in dublin we've got rations throughout europe we've got obviously significant operations in the us and we we have we have operational staff in china their employees by circle china that support the global business and we have hong kong operation which supports circle trade which is a significant business in in the broader asian market in crypt asa trading so the lot of pieces to that i wanna ask about the main investment because bit mean has a somewhat notorious reputation in the west shouldn't have even qualified that with somewhat i would definitely say its notorious reputation why take venture funding from bit main sean you wanna take that one of the things to maybe reiterate echo a little bit about what jeremy said is a circle is was founded as an international company in i think we're talking together here from the united states but when we talk about connecting people globally in the new weber finance that's not just connecting people from say new york to california in i think sometimes in tech especially in the us we have a tendency to look through a you know for better for worse obey area lens when.

"jeremy allaire" Discussed on Unchained

Unchained

03:09 min | 3 years ago

"jeremy allaire" Discussed on Unchained

"If we really want this to take hold at mainstream level with businesses and individuals having fiat money actually work on this infrastructure we think is is quite important and so that is why we're using that as a starting place today he i think one puzzle piece would need to be worked out for sure i mean actually this is slightly tangential but i did read that you guys had pitched yourself to the occ to help set standards for custody of crypto assets and just curious what you think would be the recommendations that should be adopted yeah i mean i think custody over crypto assets is is something that folks who've been in the industry for while have a pretty good understanding of in terms of how to do it with high levels of of security and it's continuing to evolve a main when we got started really the only thing people were custody ing was bitcoin and now people are custody ing upwards of a hundred different types of crypto assets and it starts to get more complicated so what is you know it you know a token could be you know representing dollar your custody in dollar it could represent a digital commodity like bitcoin ether a token could be an investment contract so essentially you're custody ing a underlying bearer instrument that represents some kind of equity value you know when you think about what a house or car is the the actual property is not the physical object it's title and the title is is a is a certificate of some sorts of token is those things securing in storing and holding onto all these is gonna be a really different a different thing and it's quite different than the custody requirements for what bank is which is really you know the kind of safeguards recordkeeping and audits and procedures and it's really around safeguards in procedures in reporting visibility in that kind of stuff that is really what defines a qualified custodian in any given one of these fears but i think this is going to actually custody of crypto sort of like saying custody of all forms of property in it's going to quite quickly exceed the the realm that even traditional bank custodianship focused on you already answered the next question was going to ask you but i do still on it discuss it a little bit more i have been reading like being of new york mellon j p morgan northern trust have all been looking at providing custody services and i've been at some of these conferences where people seem to feel that those institutions are more trustworthy and that once they enter the space then some of the crypto native companies won't stand a chance so i'm just curious like how do you feel you will compete once once these companies start coming in i think people maybe thought at and t was more trust for the than say google or walmart was more trust further brand than amazon or you name it i mean basically the big industrial giants have media communications.

"jeremy allaire" Discussed on Unchained

Unchained

04:33 min | 3 years ago

"jeremy allaire" Discussed on Unchained

"That that works that way shawn maybe you could talk a little bit about sort of the approach for taking with us are coin center is quite different than i think a lot of the other fiat stable coin approaches or even just stable coin approaches generally that are out there yes sure i think you know there are lots of interesting projects in the space algorithm mcclay back stable clean projects crypto asset duct projects in the obviously field backed in combinations of those entire brinson this is this is a full field back mechanism but it's not just circles mechanism in that circle has us dollar coin in other potential yacht back coins what we've done is is fostered a framework for multiple members of a network commit fiat back stable coins circle is one such mentor these coins but you can imagine other companies participating in the same network in that network is managed by something called center c n t r e which we are spinning out and don't donate a good bit of intellectual property too so that it can operate separately in the notion there is the center as network can enforce network rules on all the members that participate miss framework including circle and those rules involved things like insuring full licensure solvency audits and in general network babies in so that that kind of thing can't be managed just by one of the issuing mentors like a circle of beneath to be provided by a separate authority ends circle his delivering us dollar coin but there there will also be others who similarly offer you a dollar coin using the same exact framework in the same framework can he used to offer euro coin or yen coin than you know others in the network the were all tend to underlying fiat assets this show we announced recently that bit main had they'd invest in circle but they're also becoming a founding member of center and setting up businesses to issue stable coins in some asian markets is while using the center protocols network interesting yeah this is actually very interesting basically let me recap it for you to make sure that i understood it correctly essentially you have created this nonprofit organization that will sit standards for entities that want to accept dollar reserves in order to issue these usd coins and so there can be multiple providers of the usd coin is that correct that is correct and and other fiat coins as well so the euro coins yen coins you know in in any currency market that wants to operate this with this kind of technology okay and so i imagine there will be standards around like auditing maybe something around the standards for the bank and certain i dunno licensing registration requirements that it has to have something like that yeah so it's it's basically it's a membership in government scheme and it's an open source technology project and open standard protocol definition so it's sort of brings those altogether and the membership in government piece really to become a member you have to be licensed to be able to issue electric money whether as like a money transmitter or being a bank itself you need to obviously be in good standing with your compliance with that in you need to also have the ability to prove solvency so that the minted issued assets are fully solvent in our provable and published publicly regularly and then there's some auditing of technical procedures that have to do with how an issuer's own technologies interact with the center smart contracts that are for minting burning of these tokens to make sure that there's confidence in the quality and reliability there and there there will be evolving set of other network rules that that will emerge around that as well this is interesting because i in that previous episode i did on the stable coins i had asked one of the guests he was ruined christiansen who does make her down where they the way they do it as they over collateralized their their coin which is pegged to the us dollar or whose values peg to the us dollar but they he said to me oh you know that kind of coin is centralized and you just wonder what his take would be on this because this is more decentralized but obviously as we've seen in the.

shawn
"jeremy allaire" Discussed on Unchained

Unchained

04:39 min | 3 years ago

"jeremy allaire" Discussed on Unchained

"You know we look at a lot of different things we're obviously looking at what are assets that have you know significant market cap than liquidity what are assets that represent what we consider to be clear categories a lot of these are either of blockchain infrastructures or or core kind of payment currency type use cases we recently published something called the circle asset framework which is a framework that we look at for any kind of listing decision whether that's listing in our exchange or something that will make markets in with with circle trade or something that we want to make available in an integrated way to consumers what you see there is is really just a starting point our belief is that overtime retail investors are gonna want to invest the medically in lots of different categories and you know you see in the product today by the market which is a way to sort of buy a market cap adjusted investment in the full collection of coins that are that are there but you could imagine how that could evolve over time to support other types of collections and into as we get into a world where there's not just you know five or ten but maybe twenty five or fifty eventually thousands of different types of crypto assets how do you create a kind of experience for a long term investor a more of a passive investment strategy that that someone can make in organize that in a way that makes sense people so that's very much how we think about circle invest it's it's not really designed for the day traitor there's lots of other crypto exchanges for people that want to trade in everything or fade really broadly in day trade it's definitely designed for someone who wants to take a longer term investment strategy in those assets were the the very clearest to initially get out there sean on enough you wanna add to that the just you know a few things including we look at any bit any project wanna look at the fundamentals what are the kind of core tenets of the project do they do they align with the core tendons to the cryptocurrency community but just look at the technol no the team of committed experienced team behind it is a creating real value for for people you know sort of set up to succeed of course their market dynamics to consider because we need to be used to be indicators of sufficient liquidity in of course legal reviews which which may be dependent on the jurisdiction in which the project is listed or launched abc's look at all of those things together to assess any project i think over time there will be a lot of really interesting businesses in experiments in collectives that can be tooken is part of that framework that will become really interesting to people who are not just interested in speculative investment in end of day trading swing trading but but making significant investments in those projects in in the value that those specific projects bring the bear and in those are the kinds of projects that were particularly interested in at the time he launched sir invest aucoin desk article noted that an initial screen shot included excerpts but you eventually launched without it why not list x are p it were obviously continuing to evaluate different payment and settlement tokens i think there's obviously been a you know some discussion and debate around the legal status of something like extra p and and obviously we're going to pay very close attention to that in any decisions we make and for that reason i was also curious why it was still listed on polonia cts and not only that but but just in general kind of crazed to know what standards are using for whether or not to lists coins on polonia polonius sure yes so as you know we took over planning a few months ago our highest priority has been integrating that into our core operations stabilizing a lot of things so i think if if you've been use replanning ex i think they experienced an unbelievable amount of growth last year and said just making sure that there's very high availability on the wallet infrastructure when we took over there hundreds of thousands of of back logged cases many of those need to be kinda wrestled to the ground from an operations engineering perspective just been enormous effort to just sort of.

"jeremy allaire" Discussed on Unchained

Unchained

02:56 min | 3 years ago

"jeremy allaire" Discussed on Unchained

"Of engineers to help make that happen or in the case of crypto connecting people who may not have access to first world bank accounts or may be do have access but are charged a toll for using them in certain ways helping them create businesses in support their causes in charities families in business ideas in the idea of connecting globally through a web of finance is really appealing i think has some analogs to previous things i've done and another element to me maybe low more on the technical side is just this notion of white is information how is housing formation shared i was generated in if we look at money as another form of data if it could be treated as a data type on the open internet how is that particular data type best created in shared distributed globally and crypto particularly appealing from from that angle you know my past i've created server products in worked on languages and frameworks in mobile apps consumer side kind of worked at various stages of different things involved in standards organizations in in pushing forward open standards when it came to the web i think a lot of that is a relevant certainly to this space but similar to some of the things jeremy was was mentioning i feel like although we've known each other for around twenty years in a lot of things together this this particular space is is the biggest in in the most important thing that that we've been engaged in find what you guys were talking about with these standards and everything in this free flow of value similar to the way we saw free flow of information i find all those comments interesting because here you are in this place i mean you guys have been making a lot of moves we'll just start with one for now one is that you've applied for federal banking license and i think this innocent respect it sort of replicates existing structures but i'm just curious as to why you applied for it and what that would enable you guys to do this is definitely an example of what you call telephone so bloomberg published a story that with a pretty dramatic headline but if you actually read the story it basically says we had some conversations with folks at treasury department about national charters so we have we have not applied for banking licence i think bloomberg had heard that we had a meeting and got us on the record saying we had a meeting so we have not applied for banking license we have tremendous banking partners in the us and globally and i think we definitely won't understand how federal banking regulators are looking at the space and just put that in context in we are you you know know we're dealing with a few different things that are kind of at the intersection of banking regulations and crypto that includes custodial activities so unlike traditional payments.

twenty years
"jeremy allaire" Discussed on Recode Decode

Recode Decode

01:58 min | 4 years ago

"jeremy allaire" Discussed on Recode Decode

"Qualcomm is why you love your smartphone no matter what brand of phone it is learn more at qualcomm dot com slash we invent this podcast is also brought to you by ziprecruiter if you're hiring do you know where to post your job to find the best candidates posting your job in one place isn't enough to find quality candidates if you want to find the perfect hire you need to post your job on all the top job sites and now you can with ziprecruiter you can post your job on more than two hundred job sites including facebook and twitter all with one click find candidates in any city or industry nationwide just post once and watch your qualified candidates roll in find out today why ziprecruiter has been used by fortune one hundred companies and thousands of small and medium sized businesses right now my listeners can post jobs on ziprecruiter for free that's right free just go to ziprecruiter dot com slash decode that's ziprecruiter dot com slash decode one more time to try it for the low low price of free to ziprecruiter dot com slash decode i also wanna tell you about too embarrassed ask my mother podcast which i hosted lauren good of the verge catching ca chang is that you could saying how did you get in the room oh hi no i thought i thought we are just gonna make some content okay every friday we answer your questions about consumer tech unto death lauren what are we talk about this week we'll speaking of money and currencies we talked about block chain with jeremy allaire he is the ceo of circle which is a digital currency app started out as a thick coin happened then moved away from bitcoin and jeremy is an expert in all things block chain and honestly it's very if you haven't been following watching for the past five years or so is one of those things he's probably heard about alofi like what is this thing so we decided to answer that question aright it was a great discussion we hope you will go listen to it you can also find too embarrassed ask on apple podcast google play music or wherever you listen to podcast that's too embarrassed to ask see you there.

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