Speaking at Singapore Fintech Festival, Circle CEO Jeremy Allaire said that “third-generation blockchain technology” would see digital currency “in the hands of hundreds of millions, if not billions of users.”

Soramitsu’s chief executive said that the current user experience of crypto remains a barrier to widespread adoption, despite the underlying technology already being “good enough for everyday use.”

Allaire countered that the focus of much of the innovation in the sector has shifted towards the consumer experience, and predicted that improved user experiences will allow ordinary people to become hooked on crypto’s advantages:

“Users will be saying, ‘How could I ever have not had this before!’”

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