Bill Gates: Digital Money May Help the Poorest in India and Parts of Africa in the Next 5 Years
Bill and Melinda Gates at Lee High School in Houston, Texas. Source: gatesfoundation.org. Bill Gates, founder of Microsoft an co-chair of the Bill & Melinda Gates Foundation did an 'AMA' (ask-me-anything) today on Reddit.com, and interestingly, the most-voted question to be answered related to digital currency. Asked by user 'shiruken': "What are you thoughts about cryptocurrencies like Bitcoin?" An hour later, Mr. Gates responded with the following (bold emphasis ours): The foundation is involved in digital money but unlike Bitcoin it would not be anonymous digital money. In Kenya M-pesa....
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Bill Gates (left) and Charlie Shrem (right). Bill Gates, the second richest man in the world, agrees with Bitcoin entrepreneur Charlie Shrem on one thing: Africa needs digital currency. Bitcoin is widely recognized for it's potential to provide e-commerce capabilities to the under-banked, in large part due to its ultra-low fees, independence from government, and lack of charge-backs. Combine these qualities with the fact that Africa is already flooded with internet-accessible cell phones, and you have the makings of a banking revolution. Today in a live-streamed hangout with Jeff Tucker,....
Bill Gates has updated his stance on Bitcoin since calling it simply a "technological tour-de-force" months ago. Earlier today, speaking with Bloomberg TV's Erik Schatzker, Bill Gates admitted "the Bitcoin technology is key." Earlier today, Bill Gates gave the final speech at SIBOS 2014, the annual SWIFT banking conference held this year in Boston. The Gates Foundation recently pledged $50 million USD to fight Ebola worldwide. In his speech, Bill Gates shared his vast well of experience with the Bill and Melinda Gates Foundations' efforts to combat financial inequality around the world.....
Last month, the Bill and Melinda Gates Foundation awarded bitcoin startup Bitsoko $100,000 to help troubleshoot Africa's now-ubiquitous mobile money systems. The news, which followed a long application process beginning last September, came as a surprise to the team of six, not least because Bill Gates has been publicly skeptical about the future of the payment technology in the developing world. "They [the foundation] had not worked with any other bitcoin startups to our knowledge, so we were really not too sure if they would want to come on and us be their first," Daniel Bloch, Bitsoko's....
If you're reading this, there's a chance that you might already think that Bitcoin is an exciting new technology. Now, Bitcoiners around the world can feel just a little more vindicated in their opinion as it has been backed up by none other than Microsoft founder and philanthropist technologist extraordinaire, Bill Gates. Bill Gates has been known for decades as a visionary pioneer that tries his best to keep abreast of new technologies whether or not his projects are personally involved or not. Bill Gates Answers the Bitcoin Question, Again. In a recent Reddit Ask Me Anything (AMA), Bill....
Bill Gates has done a great deal of work throughout the developing world in the field of vaccinations, disease eradication, and funding clean water projects. He has a long history of many years of investment and research into poverty in the Third World, and how things can be improved. Now, he has published his 3rd-annual Gates Annual Letter, which is a sort of State-of-the-Third-World address on these endeavors. It seems coincidental that it is released at the same time as the President of the United States' State of the Union Address. What the Third World Needs According to Bill Gates.....