Social messaging has become the defining app of the smartphone era. Social payments has been a natural extension of this phenomenon - it's going to be the locus of most communications activity.

The focus around Circle China is really cross-border payments. If I'm a parent in China and my son is studying at London Business School, I might want to send 500 RMB. I should be able to do that and have my child instantly receive it as pounds sterling, in the same way people do that with instant messages today.

New mobile-payment-based models are, in some ways, more secure. Because in a model like Circle's, for example, we never transmit your personal information or your financial credentials to the people you're paying.

Jeremy Allaire Quotes