RATE Group | Charlie Lee Sat Down With CoolBitX To Talk Cryptocurrency Hurdles And Development
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Charlie Lee Sat Down With CoolBitX To Talk Cryptocurrency Hurdles And Development

13 Sep Charlie Lee Sat Down With CoolBitX To Talk Cryptocurrency Hurdles And Development

Posted at 03:52h in Cryptocurrency News by

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Charlie Lee and Michael Ou are on the frontlines of cryptocurrency mass adoption, interchangeability, and secure storage options. 

‘Being Your Own Bank’

In a recent fireside chat, Litecoin CEO Charlie Lee and CoolBitX CEO and founder Michael Ou sat down with Thomas Hu, founder of Kyber Capital, Kyber Intelligence, and Kyber Base.

Lee and Ou both cite speedy and efficient mass adoption as a primary goal and mission in order to elevate cryptocurrency as a viable and safe alternative to fiat currency.

They both agree that in order for cryptocurrencies to be adopted and used by the worldwide public, people need to know that their money is just as safe or safer in the form of cryptocurrency than keeping it with a bank or similar financial institutions.

Lee elaborates:

I think security is really important. With cryptocurrency, you are your own bank, so you actually have to protect your own coins.

Ou agreed with the ‘Being your own bank’ sentiment, stating:

The meaning of being…

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