All global currencies will become cryptocurrencies, CEO of Goldman-backed start-up says

Every currency in the world — from the U.S. dollar to the Chinese yuan — will have its own cryptocurrency version, Jeremy Allaire, the CEO of fintech firm Circle, said. Allaire’s start-up offers a blockchain-powered app that lets people send money to each other for free. Circle recently said it wants to introduce a new cryptocurrency pegged to the U.S. dollar, called “USD Coin.” The idea is to speed up transactions made with dollars by using blockchain technology and reducing the volatility seen in most cryptocurrencies.

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