P2P Money Transfer Firm CEO: Bitcoin Is Dead
It has been said plenty of times in the past and it’ll be said again in the future. Taavet Hinrikus, CEO of TransferWise, a popular peer-to-peer international money transfer service has stated that bitcoin, is dead. TransferWise is a prominent player in the Fintech space. Founded in 2010, the money transfers service is among the leading remittance services in the world. In six years of the company’s existence, it has raised just under $100 million in equity funding with Richard Branson and Andreessen Horowitz among the notable investors. In comments made during an interview with Yahoo....
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Bitcoin is dead. Bitcoin is dead, cry the critics. Like vultures at a funeral, financial pundits are circling. Each one is vying to print their "I told you, so"'s before the other - fighting like starving dogs over table scraps. Benign Parsimony. Bitcoin is dead, they say again. Miner's are shutting down. Services are running off with customer's coins. Bitcoin is a Ponzi Scheme. The Bitcoin CEO was arrested. Bitcoin is for drugs and money laundering. The price is falling, the price is falling. Hey... Henny Pennying is big business but I don't picture these individuals as Chicken Littles.....
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Milo Yiannopoulos, the technology editor for Breitbart.com, a global news site for independent and conservative-leaning thinkers, admits he first believed the recent media coverage that bitcoin was dead due to Mike Hearn’s declaration that such was the case. But Yiannopoulos, who is also an entrepreneur, quickly realized that bitcoin’s price has been stable and that people are still making money with it. More importantly, he recognized the key benefits are still there – the fast transfers and the unique decentralization. His conclusion, an essay titled, “Bitcoin Isn’t Dead, Yet,” is that....
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