Bill Gates: “Bitcoin can solve problems involving Human poverty ”

10 Dec, 2018 | Updated: 10 Dec, 2018
by Manon Bridou-Koenig
News
Bill Gates: “Bitcoin can solve problems involving Human poverty ”

In a recent video, Bill Gates is coming around in support of Crypto and express his optimism concerning the future of a digital financial system World.

Microsoft’s co-founder explained his thoughts on how digitized financial systems can solve problems involving human poverty throughout the world.

In the video he is saying that : "The benefits are so significant for those in poverty that the developed world has a responsibility to transition to a digital system"

The digitization of finance features enormous benefits:

“If we were building a financial system from scratch today, we’d do it on a digital platform. Digital can lower the cost on a range of transactions by as much as 90%, providing nearly universal access to innovative financial products and services.”

Following this, Gates is proposing two priorities in terms of moving forward with a digital financial system :

“I see two priorities for the immediate future. First, we need to drive the policy changes to make sure the poor can get engaged at this level. And second, we need a measurement system that tracks the progress towards drawing people in— not just have accounts, but to really benefit from financial activity.”

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