digital money networks, as Kenyas centralized mobile service, M-Pesa. In 2014, in an interview on Bloomberg TV, he said that Bitcoin "was better than currency". Still, Gates noted that cryptocurrency market is not the best example of how it should look like. Want to learn how you can profit from the cryptocurrency revolution? . Gates gave his speech about the financial industry and the challenges it faces. This February, the noted technologist and philanthropist participated in an Ask Me Anything on the social network Reddit where he was asked for his thoughts on bitcoin by multiple users. If you have any questions about cryptocurrency, feel free. At the event Bill spoke in favor of cryptocurrency as a payments solution. Related Posts, bitcoin Video Crash Course, dummy-proof explainer videos enjoyed by over 100,000 students.
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Speaking with Erik Schatzker from Bloomberg TVs Street Smart, Bill Gates discussed bitcoin and its potential, stating cryptocurrency technology is key. Mr Gates is co-chair of the Bill and Melinda Gates Foundation which spends billions each year on education and health projects. Known as the richest man in the world, Gates admitted bitcoin is an exciting opportunity, as it offers transactions at relatively low cost. Bill Gates believes that there are a couple of improvements that need to happen with Bitcoin and cryptocurrency. Gates mentioned bitcoin only once, saying: The foundation is involved in digital money, but unlike bitcoin it would not be anonymous digital money. So it is a long way from being a currency. Leave a comment, bill Gates, interviewed on Bloomberg Tv during the closing day of sibos 2014, the annual swift banking conference, said Bitcoin is exciting because it shows how cheap it can. Cryptocurrency will be much the same.
Bill Gates likes Bitcoin Watch the following news clip where Bill speaks his mind on Bitcoin and cryptocurrency. While the traditional banking system can charge high transaction fees, bitcoin can allow global transactions to take place at a lower cost. Our society has already transitioned to a virtually cashless society anyways through the use of credit and debit cards. So to me, it is a speculation.".
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