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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During an interview onBloomberg TV's "Street Smart" today, Bill Gates responded to new questions about bitcoin and its potential to bring innovation to the payments industry. The technology advisor at Microsoft, founder of the Bill & Melinda Gates Foundation and recently crowned richest man in the world, in turn, provided short and somewhat muddled responses, though Gates addressed bitcoin more specifically than he has in the past. Calling bitcoin "exciting" because of its ability to provide a relatively low-cost transaction network, Gates told Bloomberg: "Bitcoin is better than currency....
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.....
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....
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....
Microsoft co-founder Bill Gates says crypto is an asset class that is 100% based on the Greater Fool Theory. The billionaire also mocked Bored Ape NFTs, stating: “Obviously, expensive digital images of monkeys are going to improve the world immensely.”
Bill Gates on Crypto and NFTs
Microsoft co-founder Bill Gates talked about cryptocurrency and non-fungible tokens (NFTs) at this year’s Techcrunch Sessions: Climate 2022 event Tuesday.
Referring to the Bored Ape Yacht Club NFTs, Gates sarcastically said: “Obviously, expensive digital....