Bitcoin Optimism: People In Developing Nations Believe Crypto’s Future Is Bright
Many in the financial establishment in industrialized economies see bitcoin and other cryptocurrencies with skepticism, as a speculative and highly volatile trend that can only end badly. U.S. and European regulators have issued dire warnings about the perils of crypto trading. In China, regulators clamp down hard on crypto mining, forcing crypto companies to shut […]
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While Wall Street seems more interested in the idea of permissioned or private blockchains these days, the point of Bitcoin in developing countries has nothing to do with the technology underpinning the decentralized payment network. According to Snapcard Co-Founder and CEO Michael Dunworth, people in developing nations are more interested in bitcoin as a currency than those in more developed countries. While there are some niche use cases for Bitcoin in places like the United States, it seems clear that owners of credit cards with cashback programs are not going to switch to the digital....
BitPesa is revolutionising the way transactions happen between Africa and rest of the world. Africa as a continent is a congregation of developing nations. A majority of people live in substandard conditions without access to basic amenities. Access to financial institutions has been a farfetched idea to most of them. Not anymore, thanks to the bitcoin powered economy. Not so long ago at NewsBTC, we spoke about the Bitcoin powered economy in an article titled "Will Bitcoin Foster a New Breed of Remittance Market in Africa?". A few days hence, the trends seem to be promising. Particularly....
The Mooch called Bitcoin “an asset for freedom” while candidly speaking about his long-term optimism for the crypto industry and worries about American leadership. Skybridge Capital founder Anthony Scaramucci believes the blockchain industry has a very bright future, but he is concerned about the “very weak leadership” in American politics.Scaramucci is a former Director of Communications at the White House and Skybridge Capital manages the $7 billion Skybridge Bitcoin Fund.He spoke candidly at the Australian Financial Review Crypto Summit held in Australia today about the current and....