US EditionTim Draper: Bitcoin’s Superior Technology Could Make Fiat Currencies Obsolete
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Bitcoin replaces cash in Kibera, Kenya. High fees and uncertainty make the cryptocurrency a real alternative to everyday life. Source: BTC-ECHO BTC-ECHO
Tim Draper: Bitcoin’s Superior Technology Could Make Fiat Currencies Obsolete
Venture capitalist Tim Draper believes Bitcoins technological edge over government-issued currencies will ultimately drive mainstream adoption. He argues that Bitcoins open, borderless system addresses global financial exclusion, with 20% of adults still unbanked according to the World Bank. Unlike traditional wire transfers that take three to five business days, Bitcoin transactions settle within an hour or seconds using the Lightning Network m…
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