Microsoft President Says the World Is Best Served When Currencies Are Issued ...
Microsoft President Brad Smith says that “The world is best served when currencies are issued, backed by and regulated by governments.” He further emphasized that he is not a fan of encouraging the private sector to issue digital currencies. Microsoft’s President Says Currency Issuance Should Be Left to Governments Brad Smith, President of Microsoft Corp., talked about digital currencies on Wednesday at an online conference hosted by the Bank for International Settlements (BIS). He was asked, “can tech firms be trusted to issue money?” and whether it is....
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Microsoft president Brad Smith is not keen on the idea of technology companies issuing private stablecoins. For Brad Smith, president of the Microsoft Corporation, fintech firms have no business issuing private digital currencies.According to Bloomberg, Smith gave these remarks while speaking at an online conference organized by the Bank for International Settlements. As part of his address, Smith argued that money supply should exclusively be under the aegis of governments and central banks.Smith said that it is important that only entities that protect the common good should be left to....
Microsoft also Exploring Blockchain Technology for the IoT "World of Distributed, Connected Devices"
Since starting to accept Bitcoin earlier this month, Microsoft has not started offering Bitcoin acceptance globally, or for all of its products. Currently, users that wish to load their Microsoft accounts with Bitcoin are limited to $1,000 a day and $5,000 maximum. Microsoft seems to be waiting for further clarification on Bitcoin regulation before moving forward with their Bitcoin plans. Like many other companies, Microsoft is willing to try Bitcoin acceptance, which has clearly defined tax treatments, but is reluctant to do anything else thus far. BitPay Chairman Tony Gallippi has....
Yesterday's announcement that Microsoft is now accepting payments in Bitcoin for many of its digital products is, predictably, all over the news. Microsoft's adoption of Bitcoin is considered as a very important boost for the digital currency. Also read: Microsoft Now Accepts Bitcoin Through BitPay. BBC News notes that Bitcoin is slowly making its way into mainstream businesses, and now Paypal, Dell, Expedia, Newegg, Microsoft and many other firms accept payments in Bitcoin. One reason Microsoft is adopting Bitcoin is because it'll help make international payment processing more....
Microsoft, the famous multinational corporation that powers much of the world's computing infrastructure with its Windows OS, now accepts Bitcoin online for its digital products. Microsoft users, in America only for now, can even fund their Microsoft/Windows Live or XBox Live accounts using Bitcoin, at the current exchange rate. Once Microsoft's Bitcoin acceptance is at 100%, businesses and end users alike can pay for services such as Azure or even Windows Phone apps. Once Microsoft starts accepting Bitcoin worldwide, the frictionless transactions will truly begin to flow. With $86.63 b in....
"It's going to be a dollar economy as far as the eye can see," said James Bullard. James Bullard, president of the Federal Reserve Bank of St. Louis, seemingly doesn’t understand why many are looking to cryptocurrency as a medium of exchange instead of a uniform currency like the U.S. dollar.In an interview with CNBC’s Squawk Box on Tuesday, Bullard said the issue for making payments isn’t currencies that can be traded electronically but rather privately issued ones, as is the case for many cryptocurrencies. He referenced a time in the United States before the Civil War when there was....