Blockchain can transform every aspect of finance and positively affect all sectors of the economy. This was stated by the general director of the payment startup Circle Jeremy Allaire, CoinDaily reports.
The unprecedented crypto-revolution is only the beginning of the process of general tokenization, the developer noted.
Circle's CEO listed the benefits of a tokenized global economy where stored in any form "public information becomes a cryptotoken," which has a market value and is traded on global digital asset exchanges.
Aller also said that "house, car, or service" can be tokenized using crypto assets, and any property can become the subject of financial relations.
As previously reported, the start-up Circle announced its intention to obtain a banking license at the federal level in the United States.