Popular Mechanics - The cryptocurrency "uses more electricity per transaction than any other method known to mankind," he says. 31,638 Fans Like. So, digital money is a good thing. Coins and bills are expensive to produce, expensive to process and expensive to replace. ️ @cryptoexplorer ️ @cryptoexplorer ️ @cryptoexplorer Used graphics: Credits to the owner - Bill Gates. “Bill Gates, co-founder of Microsoft, has an alter ego,” O’Keefe wrote. Tag: the future of money is digital currency bill gates . Speaking of bills, Bill Gates is also urging governments to go paperless. While predicting that the future of payments lies with digital currencies, Microsoft co-founder and philanthropist Bill Gates highlighted a “neutral view” on bitcoin. Gates, the … May 2, 2017 - "The future of money is digital currency." Melinda Gates has been pushing digital currency and she has been addressing the G7 on the claim that this will empower women. 5 minutes ago. The Best Crypto Guide We provide the best guidance in Crypto Investment More Guides We aim to provide the best Cryptocurrency guidance to the beginners and serious investor in cryptocurrency investment. Speaking to Bloomberg TV , Microsoft’s (NASDAQ: MSFT ) founder has issued an interesting view on who should invest in Bitcoin days after Tesla CEO Elon Musk contributed to the asset’s $58,300 new all-time high. Bill Gates, fresh off making headlines for suggesting the world should eat 100 percent synthetic beef, is now beefing with a new target: bitcoin. Elon Musk has made an estimated $1 billion betting on Bitcoin, but Bill Gates warns that anyone with less money than the electric carmaker should "probably watch out." Money Wire ; Subscribe; Home | Peter Reagan. Is PXMD A Buy? She told the G7 that eliminating paper money and moving to 100% digital currencies will somehow strangely empower women who otherwise are suppressed by paper money. The Gates Foundation does a lot in terms of digital currency, but those are things were you can see who’s making transactions. The Future of Digital Currency May Be Chinese by Brooke Sample China has led the world in electronic payments, and its central bank is pushing forward with its digital-currency plan. 296 Followers Follow. Bill Gates went viral in several controversial interviews last month, advocating mandatory digital ID as proof of coronavirus vaccination as soon as a vaccine is available. He also points out, the Gates foundation does a substantial amount of work using digital currency, and that digital money is a good thing. Nevertheless, he suggested that the digital form of money would need to enable transaction reversals and complete visibility. "The Gates Foundation does a lot in terms of digital currency, but those are things where you can see who's making the transaction," he said in the Bloomberg interview. So, digital money is a good thing. Yes, digital wallets are the future indeed. 53,193 Followers Follow. Wikipedia/World Economic Forum/swiss-image.ch/Photo by Remy Steinegger. Think about something like … But Bitcoin isn't one of those currencies, he said in a Reddit AMA today. Bill Gates has high hopes for digital currency as an important banking tool for the poor. The Future of Cryptocurrency: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, IOTA,... Get in touch. CASHLESS SOCIETY 2020: Bill Gates Goes Viral on Digital ID and Digital Currency by David Haggith for The Great Recession This may be my most important article to date. According to USA Today, 90% of monetary ... digital. PaxMedica IPO (PXMD): What It Is? What Gates describes is an almost utopian closed economy where sustainable businesses can exchange digital currency of a select type. Bill Gates is also of the opinion that it is super risky to invest your money in Bitcoin or other Cryptocurrencies right now. But no matter how the Fed may try to "sell" the idea of utilizing Fedcoin in the future, Wenzel's warning is pretty clear: A Federal Reserve created digital coin could be one of the most dangerous steps ever taken by a government agency. Mainly for societal reasons such as a drop in physical crime when someone tries to steal someone else’s money. Both billionaires have a point. The future of money is digital currency - Bill Gates. It's time to get familiar with it! Avoid getting scammed! In an interview with CNBC Squawk Box, Gates said that he is “not short Bitcoin” and has taken a neutral view on the asset.. ️ Link on our Profile Let's make Cryptocurrency understandable for everyone! For some countries, this form of digital currency could have the potential to incentivize participation in the banking sector for the under-banked, improve peer-to-peer and overseas payments, and potentially improve KYC/AML functionalities or curb illicit activities. What Gates describes is an almost utopian closed economy where sustainable businesses can exchange digital currency of a select type. The global money transfer services company is suspending its partnership with Ripple Labs, citing uncertainties amid the ongoing litigation with the U.S. Securities and Exchange Commission (SEC). The security issues are more, and the safety measures are less in it. Gates expects digital money to get even to the poorest countries. Home Tags The future of money is digital currency bill gates. I can’t even understand that logic. It seems as though Bill Gates resigned from the board of Microsoft just in time to disassociate himself from any involvement in using humans to mine cryptocurrency. Recent Posts. The next story is about MoneyGram. The U.S. needs to … Think about something like … "I don't own #Bitcoin. Bitcoin. forgot " - Probably" at the end of the quote. Tesla’s (NASDAQ: TSLA) $1.5 billion investment in the digital currency largely inspired the new all-time high, and Bill Gates calls for caution among investors. Get in touch: Caleb Chan, 1630 Revello Drive, Sunnydale, CAcryptoguide4you@gmail.com Follow us: "The future of money is digital currency" Bill gates But she has also been spearheading that women are … Microsoft supremo Bill Gates has distanced himself from bitcoin (BTC) buying, dismissing fellow American entrepreneur Elon Musk’s own crypto moves – while talking up a digital money or payments infrastructure that to some BTC advocates will sound very familiar.. "I do think moving money into a more digital form and getting transaction costs down, that's something the Gates Foundation does in developing countries." Gates is showing an open dislike for the cryptocurrency, just like Warren Buffett, who believes digital currencies have no value and produce nothing of importance, and Janet Yellen, the Treasury Secretary followed in the footsteps of Buffett and Gates when she said bitcoin was an “extremely inefficient way of conducting transactions,”. As Bitcoin gains more mainstream attention, Microsoft founder, Bill Gates discussed the world’s largest cryptocurrency recently. I'm not short Bitcoin," says @BillGates. As for the 5 factories that seem to be “useless”, it wouldn’t be far-fetched to assume that Bill Gates’s philanthropic endeavours will find a good way to make use of them. The Future of Digital Currency May Be Chinese China has led the world in electronic payments, and its central bank is pushing forward with its digital-currency plan. Gates did admit, though, that he sees Bitcoin as a potential medium for funds to be moved to avoid taxes or for illegal activity. People are not habituated to digital transactions of vast amounts of money, so the chances of cyber issues may also increase. Bill Gates, the Microsoft co-founder and technological whiz turned philanthropist, may not be a fan of bitcoin and digital-assets. The governments of the world have spent trillions of dollars bailing out a decaying, dickensian, outmoded system called banking, when the solution to the future of finance is peer-to-peer. Most Popular. As one possible future scenario, Escobar imagined “clusters of smart cities linked by AI, with people monitored full time and duly micro-chipped doing what they need with a unified digital currency…” Those fears took on greater significance when Bill Gates sat down over the weekend for a breathtaking interview with CBS This Morning. It’s going to be alternative currencies like Bitcoin and it’s not actually going to … Are not habituated to digital transactions of vast amounts of money is currency! 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