RATE Group | Bitcoin a ‘Gift’ That Will Change Humanity
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Bitcoin a ‘Gift’ That Will Change Humanity

19 Oct Bitcoin a ‘Gift’ That Will Change Humanity

Posted at 20:17h in Bitcoin News by

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Computer scientist and general manager of WeWork South Africa, Stafford Masie, has said that Bitcoin (BTC) will change the future of humanity more than any other technological innovation. 

In a keynote delivered at the SingularityU South Africa Summit on Oct. 16, Masie — formerly the CEO of Google Africa — said that Bitcoin’s provision of an exchange of value without intermediaries is the greatest gift mankind has ever received technologically.

Revolutionary for global trade

Masie argued that while the crypto wallet is “misunderstood, misused, misrepresented and viewed as complicated,” it will revolutionize global trade. Its main potential, he continued, is not for developed and already highly digitized economies, nor for cash-dominated informal economies, but for what he dubbed “third economies” in which barter systems still prevail:

“The third economy is an economy where people don’t have access to electronic forms of distributing value or cash […] Think of the…

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