28 Jan '16, 4pm

TransferWise on Bitcoin and the Battle for International Money Transfers

TransferWise on Bitcoin and the Battle for International Money Transfers

Everyone from Nick Szabo , who developed the concept of smart contracts , to Blockchain Capital Managing Partner Brock Pierce has been touting Bitcoin’s value as a vehicle for international money transfers lately, but it appears that TransferWise CEO Taavet Hinrikus has not received the memo. Hinrikus was recently on a panel with MasterCard President of International Markets Ann Cairns at the World Economic Forum in Davos, and he did not seem threatened when asked about the new Bitcoin-based alternatives to his service, such as Align Commerce , that have popped up over the past year. Although Hinrikus appeared to be bullish on blockchain technology, he said the Bitcoin experiment is nearly over. Bitcoin Is “Becoming Dead” When asked directly for his thoughts on using Bitcoin for international money transfers, Hinrikus conceded that the idea sounds exciting in theory; howev...

Full article: https://bitcoinmagazine.com/articles/transferwise-on-bitc...

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