Bill Gates: Bitcoin Alone Won't Solve Global Payments Challenges

Bill Gates: Bitcoin Alone Won't Solve Global Payments Challenges

Microsoft co-founder Bill Gates has said digital currencies could have an impact on global remittances, but suggested that bitcoin isn't the best application of the technology. Gates, speaking with Backchannel before the release of the Bill and Melinda Gates Foundation's annual letter, spoke about a number of subjects, including the role of mobile technology in developing economies and artificial intelligence. When asked about digital currencies like bitcoin and the technology's ability to deliver cheaper global transactions, Gates said he thinks bitcoin will not be the distributed payment....


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