Bitcoin technology is key, says Bill Gates

BIll Gates bitcoin

“[BTC] is better than currency in that you don’t have to be physically in the same place and of course for large transactions currency can get pretty inconvenient”.

Some time ago Mr. Gates considered Bitcoin nothing more but a technological advance. His opinion seems to be changed now, though. In his yesterday interview to Bloomberg TV’s Erik Schatzker, Gates, despite still being worried about the possible usage of Bitcoin in money laundering and for sponsoring terrorist activities, admitted the blockchain technology is promising and “Bitcoin is exciting” because it makes transactions cost-efficient.

According to Gates, trying to make payments anonymously Bitcoin isn’t really the goal pursued by BTC users. Basically, these people are “willing to be known so the Bitcoin technology is key”, and one could just contribute to it or “build a similar technology where there’s enough attribution that people feel comfortable” about.

Previously, Bill Gates participated in the annual SWIFT banking conference SIBOS held in Boston. He spoke about his experience in fighting the global economic inequality and his efforts to urge the financial establishments to expand their services to Third World countries. Bill & Melinda Gates Foundation run by Bill and his wife donated $50 million to fight Ebola virus.