American - Businessman | May 13, 1971 -
I think there's a need for services that will make it easier for Chinese consumers to spend globally. The Bitcoin network could be an attractive solution.
Jeremy Allaire
ThinkSolutionWillNeedAttractive
If you look at the trends, China very well could be the driver of the adoption of block chain consumer services.
YouLookTrendsChinaDriverWell
We use the block chain to share value, just like Internet protocol lets us share communication. Our goal is to build a global, international bank that is instant, global, and free. Sending payments should be as easy as sending an email.
CommunicationValueFreeInternet
This is the thing that I think we're all learning from the Chinese: that this merging of messaging, media, and payments together really makes sense to people.
LearningTogetherPeopleThinkMedia
We're barely scratching the surface of how people experience and utilize p2p payments, despite it being a multi-millennium-old behavior.
ExperiencePeopleBehaviorSurface
Our view is that consumer finance - what people think of as retail finance - that arena is ripe for disruption. Bitcoin is absolutely a core platform and asset format that we are dependent on to build this business.
BusinessFinancePeopleThinkView
The idea of cross-border payments is going to completely go away... Our vision is for there to be no distinction between international and domestic payments.
VisionGoAwayGoingIdeaGo Away
We don't think there is any money to be made in payments anymore. The entire business model of extracting a toll or having time delays around the movement of value is going away completely.
BusinessTimeMoneyValueThink
Pretty uniformly, people want the benefits of bitcoin and the blockchain - near-instant transfers, globally available on any Internet-connected device, highly secure, and nearly-free value transfers.
ValuePeopleWantBlockchainPretty
Everyone, it's okay to say the word 'bitcoin' and acknowledge that it is the actual platform that is driving this innovation that we're all building on. It's also okay to say 'the bitcoin blockchain,' or 'the blockchain,' if you're afraid that people will think you're weird.
InnovationPeopleBuildingThinkYou
Bitcoin may herald the dawning of a new age in currency. It holds superior traits as a form of 'good money.' As a tangible form of asset (its core tangibility being its mathematical basis), it could become an incredibly important building block for the 21st century's global economy.
GoodAgeMoneyBuildingNewBecome
By design, Bitcoin is a scarce resource with a predictable supply of new issuance. And it is this scarcity and predictable supply that make it so attractive as an underlying asset to bind to economic activity and trade.
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