Vikram Pandit: Why I Like Virtual Currencies



are you a Bitcoin believer you know I'm a believer in the fact that whether it's the virtual currency or the services that are around the virtual currencies can actually do have the promise of changing the world so let me talk about one of them coinbase it's one of the companies I met last week it's a it's a wallet it's a wallet for Bitcoin but it could be a wallet 4-bit yen could be big dollar it could be bit euro it doesn't matter what's the beauty of this particular company they can transfer money anywhere around the world is there a cost for you so it's a payment system where this payment system is cost free versus other payment systems which are costly so the reason I like the concept of virtual currencies is because of spawning a lot of innovation and thinking about about how you transfer money around the world how you store money all those kind of things and I think those developments can be used just as well for normal currency as they can for virtual currency that's beautiful

6 thoughts on “Vikram Pandit: Why I Like Virtual Currencies”

  1. "The reason I like the concept of virtual currency is that it's spawning a lot of innovation [that can] be used just as well for normal currency as for virtual currency." Sounds like he's saying, "I like bitcoin because it spawned Apple Pay." If so, he's missing the big picture. 

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