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Now we heard that this is supposed to be a really big boom for people who maybe would not have access to having normal banking account people in the developing world. i ve heard that a lot of jargon today about on and off ramps into a new. money ecosystem for example isn t there a huge gulf that still exists between silicon valley and sub-saharan africa when we re talking about crypto currency. absolutely most people think of crypto currency is a way for people in the west to get rich but in reality there s a huge potential for them to assist the unbanked evil of which there are about 1700000000 around the world because if you don t have a bank account it s very tough to get credit it s to if you get robbed you might not have anything left to your name whereas if you have a bank account it means you could then take out money it s of pay your bills or ....
Under a single streamlined currency now over a dozen global firms will invest in and govern the currency including master card vodafone and as group will supposedly wall off control of the currency from facebook itself the new coin will be pegged to a basket of global currencies such as the dollar and the euro with the intent of shielding it from the wild fluctuations that are plagued big and scared off many average investors the big question will it catch on facebook is betting that the scale of its social network alone with 2400000000 monthly users will forge a new huge marketplace for streamline purchases and exchanges the social network is also says that libor will help to bridge the so-called banking gap giving the 1700000000 people around the world who do not have a bank account a secure alternative to cash so why a crypto currency here s how facebook c.e.o. mark zuckerberg 1st publicly framed the idea a few weeks ago. i believe that it should be as easy to send money to someone ....
We heard that this is supposed to be a really big boon for people who maybe would not have access to having normal banking account people in the developing world. i ve heard that a lot of jargon today about on and off ramps into a new. a money ecosystem for example isn t there a huge gulf that still exists between silicone valley and sub-saharan africa when we re talking about crypto currency. absolutely most people think of crypto currency is a way for people in the west to get rich but in reality there s a huge potential for them to assist the unbanked evil of which there are about 1700000000 around the world because if you don t have a bank account it s very tough to get credit it s to if you get robbed you might not have anything left to say your name whereas if you have a bank account it means you could then take out money to pay your bills or what ....
A new huge marketplace for streamline purchases and exchanges facebook also says liberal will help to bridge the so-called banking gap given the 1700000000 people around the world to do not have a bank account a secure alternative to cash facebook c.e.o. mark zuckerberg already already had this to say about the project which will be officially announced later on tuesday i believe that it should be as easy to send money to someone as it is to send a photo so we re already testing this in india we ve got a 1000000 people it s been used a lot in the production for is great. we re already working on rolling this out in a number of other countries later this year. about that joining me here in the studio is jeff gallus he s an investor an entrepreneur specializing in block chain application that is the technology that underpins all major digital currencies jeff ....
A new huge marketplace for streamline purchases and exchanges facebook also says liberal will help to bridge the so-called banking gap given the 1700000000 people around the world to do not have a bank account a secure alternative to catch facebook c.e.o. mark zuckerberg ory already had this to say about the project which will be officially announced later on tuesday. i believe that it should be as easy to send money to someone as it is to send a photo so we re already touched on this in india we ve got a 1000000 people it s been used a lot in the feedback so far is great. we re already working on rolling this out in a number of other countries later this year. about that joining me here in the studio now is jeff gallus he s an investor an entrepreneur specializing in block chain application that is the technology that underpins all major digital currencies jeff we have bitcoin we have a theory and many other cryptic currencies do we really need to see any promise ....