McAfee Envisions DEX in a World Where Crypto Won’t Be Traded for Fiat

In a recent video posted to Twitter. John McAfee states: “Imagine a world…where fiat currency is diminishing in importance.” Instead of pointing to the adoption of crypto by big money interests, the rogue politician and radical bitcoin proponent talks of a complete flip, where users won’t need to exchange their cryptocurrencies for fiat. Crypto will have become the dominant money. McAfee cites his recently launched decentralized exchange (DEX), mcafeedex.com, and featured stablecoins as evidence this world is coming soon.

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No Need to ‘Cash Out’

His recent Twitter update finds McAfee musing on a major problem with otherwise very functional decentralized exchanges: people can’t get their money out in fiat form. The beauty of no KYC, no AML, and no required email address is a double-edged sword that makes it tough to withdraw funds to the legacy financial system so many still…