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Ripple: 99% of Respondents Would Consider Using Digital Assets to Process Cross-Border Payments

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Ripple’s third annual Blockchain in Payments report identified that blockchain adoption is key to successful growth strategies for financial institutions. Ripple concluded that the majority of its respondents, 59 percent, are adopting blockchain for production use.

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Ripple put forward a survey report, analyzing data from 854 participants across 22 countries involved with payment services at their institution. The survey was conducted by a third party from August to September 2020, and Ripple emphasized that they did not target its customers.

Nearly half of the respondents have said that they view blockchain technology as the fuel for business growth. 44 percent of respondents have said that they have witnessed strong business growth in the past year.  

The COVID-19 pandemic has highlighted the pain points in the global payment systems. While financial inclusion can be accelerated with regulatory clarity, Ripple’s report also suggested that governments around the world should “also be inspired to accelerate their development and implementation of regulation governing blockchain and digital assets.”

A key development found in relation to the pandemic was that the institutions that tested, implemented, and adopted blockchain solutions ahead of the pandemic were better at the weather the impact from COVID-19, and would potentially thrive in the long-term.

According to the report, Ripple believes that the pandemic has accelerated positive change in the global payments industry and that it was unfortunate that it had to take an extraordinary crisis for this to happen.

Almost all respondents (99%) stated that their respective institutions would consider using digital assets to instantly process cross-border payments, which is up from 94% recorded in 2018. As there has been an increase in education and blockchain experience in the industry, both payment providers and consumer confidence in digital assets have risen. The report explained:

“Companies view digital assets as a means to accelerate expansion to other countries and currencies. Interestingly, 82% of respondents not yet in pilot or proof-of-concept responded with the second highest interest in leveraging digital assets in cross border payments. Early adopters recorded the highest interest. Respondents are seeing the success of early adopters and looking to kick start their own adoption—with a large majority open to leveraging more digital forms of currency.”

During these extraordinary times, any level of growth is challenging, and the respondents in the survey highlighted four main challenges, including finding international partnerships, pre-funding accounts, accessing working capital, and building payment technology. Blockchain technology could be the solution that enables payment providers to overcome these challenges. 

Image source: Shutterstock Source: https://Blockchain.News/news/ripple-99-respondents-consider-digital-assets-cross-border-payments

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Top 10 Blockchain-as-a-Service (BaaS) Providers

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🔥🚀 BaaS or Blockchain-as-a-Service is a paid blockchain-based cloud service that blockchain companies provide to customers. BaaS provides customers with the ability to build, host, and use their own blockchain apps, smart contracts, and any other digital services on a distributed network.

It is important to clarify that the BaaS concept is derived from the concept of SaaS (Software as a service) and works similarly to it. 👇

◆ How does BaaS work?

According to the BaaS concept, blockchain companies install,  manage, and maintain, blockchain-based cloud platforms in addition to providing the tools necessary to build blockchain applications to customers in return for a fee.

◆ The future of the BaaS industry

Currently, the global revenue from blockchain services is estimated at $ 2.5 billion and by 2025 this number is expected to rise to $ 19.9 billion.

Overall, the business value of blockchain solutions will increase to more than $ 360 billion by 2026, with estimates of this number reaching $ 3 trillion by 2030.

The previous figures clearly show the future of the industry as well as explain the huge and successive investments in the blockchain business in general.

❖ Advantages of using the BaaS model

The BaaS model provides its users with many advantages, most notably high data security, efficiency, scalability, unlimited customization potential, as well as it is compatible with current cloud services.

In addition to the above, the adoption of the BaaS model reduces administrative burdens and provides better management and recruitment of resources.

Moreover, the BaaS model is easy to use and affordable, given the value it offers.

☉ BaaS vs owning a blockchain-based cloud platform

The BaaS model is a better solution for business than having a blockchain-based cloud platform in all aspects. Owning a blockchain-based cloud platform is hugely costly due to start-up costs (infrastructure, personnel, software, licensing, hardware, consulting, and more), retirement costs (decommissioning of server racks), and operational costs (monitoring, cost per transactions, bandwidth expenses).

In addition to the above, owning a blockchain model means fully assuming administrative responsibilities. 👇

🗨 While in the BaaS model, the cost is significantly lower because you only pay for the service you get. The service price in the BaaS model is subject to several factors, including the transaction rate, the maximum number of concurrent transactions, the payload size on transactions, and so on.

Also, in the BaaS model, all administrative burdens are borne by the provider.

● How to choose the right BaaS provider?

There are a number of points to consider when selecting a BaaS provider. For instance, the provider’s experience and reputation, the security of the platform, the technical support as well as the ease of use and pricing.

In addition, it must be ensured that the platform integrates with the existing operating systems and software.

🚀 It should also ensure that the platform supports smart contract integration and deployment, identity access management (IAM) system, different runtimes, and frameworks. 👇

🟥 Top 10  Blockchain-as-a-Service (BaaS) Providers

  1. Blackwell

    Blackwell is one of the world’s leading providers of blockchain solutions to governments, enterprises, and end-consumers. Founded in 2018 by experts who have contributed for 20 years in developing emerging technologies for some of the largest companies in the world.

    Blackwell aims to assist organizations in adopting blockchain solutions by providing consulting and a cloud blockchain platform in addition to a distinct and diverse set of tools and programs.

    Blackwell aims to help everyone generate profits by allowing them to build and expand blockchain tools, services, and products.

    Currently, content creators rely on existing toolkits developed by Blackwell, set their own commission structures, and earn percentages as they sell and promote their tools around the world.

    During the past two years, Blackwell has developed blockchain solutions for cryptocurrency businesses around the world. 👇

    🔻In addition, Blackwell has vetted dozens of token contracts for some of the most popular exchanges in the world, prevented and stopped hacks saving individuals millions of dollars, built successful token-swaps tools, and analytics tools.

    Blackwell’s previous work includes the names of many well-known businesses such as JPMorgan Chase Bank, Wells Fargo, Disney, GoPro, Paramount, Mattel, Universal, Lucas Arts, Suzuki, Epson, Time Warner Cable, Guitar Center, Beachbody, Marriott, Jaiyen Eco-Resort and more.

    🗨 Blackwell has an impressive list of tools and applications. Notable among them are Blackwell Wallet, Pride Token, Fire Tokens, EgoCoins, Blackwell, Blackwell Book, Sheets-n-Blocks – Blockchain, Contract Tool, VoteBlock, API Miner, Smart License Creator, Blackwell Prime, Listener, Token Swapper, Blackwell Daico, Blackwell Telescope, Blackwell Spyglass, Blackwell Velvet, Blackwell KYC Form Builder, Non-Fungible Token Creator, BW, and Dumbapps.

    In addition to apps and tools, Blackwell has launched a store for  DApps named “Well Spring” that has 16 working apps so far.

    Blackwell backed tokens are valued at over $ 80M.

    🗨 Regarding the future, Blackwell is seeking to expand by investing $ 10M. The company plans to obtain it by selling 100MM tokens to investors.🔻

  2. Amazon

    Amazon introduced its BAAS service called “Amazon Managed Blockchain” in 2018 through its cloud arm, Amazon Web Services (AWS). Amazon Managed Blockchain is a managed service that makes it easy to create and manage scalable blockchain networks using open source frameworks including Ethereum and Hyperledger Fabric.

    Moreover, Amazon allows customers who want to manage their own network to go ahead, but it is an option that needs experience in dealing with AWS Blockchain Templates.

    Amazon also enables companies to integrate their blockchain-based networks and business processes to improve IT infrastructure, business processes, human resources, financial transactions, and supply chains.

    In addition to the above, Amazon provides AWS Key Management Service to secure Hyperledger Fabric’s CA (Certificate Authority) and Amazon QLDB technology to manage augmented ordering service.

    🗨  The BAAS offer from Amazon is characterized by flexibility in identifying resources to suit companies’ needs.

    Amazon customers’ list includes star names like Nestlé, BMW, Accenture, Sony Music Japan, and the Singapore Exchange. 👇

  3. IBM

    🚀IBM is one of the world’s most important BaaS service providers. Forbes selected it among the top 50 blockchain companies, thanks to its blockchain platform “IBM Blockchain“, which it launched in 2017.

    IBM Blockchain is a fully-integrated distributed ledger technology platform that enables businesses to “’ develop, govern, and operate a blockchain ecosystem quickly and cost-effectively on a flexible, cloud-based platform by using Kubernetes.

    Partnerships have been vital to IBM’s continuous BaaS expansion. it created the Trust Your Supplier platform alongside blockchain firm Chainyard and also pioneered the Contingent Labor platform in conjunction with IT People.

    As well as IBM Blockchain has joined The Linux Foundation’s Hyperledger Project to evolve and improve upon earlier forms of blockchain. Instead of having a blockchain that is reliant on the exchange of cryptocurrencies with anonymous users on a public network (e.g. Bitcoin), a blockchain for business provides a licensed network, with known identities, without the need for cryptocurrencies.

    👉  IBM Blockchain Platform has been used widely in industries such as food supply, media, advertising, and trade finance. 👇

  4.  Microsoft

    🔥 Microsoft is one of the oldest BaaS service providers as it has been in the market since 2015 when it launched Azure Blockchain Service.

    Microsoft aims through its BaaS service to enable users to build public, private, and consortium blockchain environments with industry-grade frameworks and bring their blockchain apps to market.

    🎯Microsoft provides three products to customers: Azure Blockchain Service, Azure Blockchain Workbench, and Azure Blockchain Development Kit.

    Azure is compatible with other Microsoft products such as Logic Apps and Flow, making it a great choice for organizations looking to harness blockchains such as General Electric and T-Mobile.

    Microsoft Azure’s most prominent features are the support of several Blockchain frameworks, including Quorum, Corda, Hyperledger Fabric, and Ethereum. Plus, ease of deployment using Azure CLI, Azure Portal, or Visual Studio Code with the Azure Blockchain extension. Azure also supports full monitoring and logging.

    🗨 The above helped Microsoft to forge important partnerships with prominent entities such as its partnerships with Ripple and BitPay. 👇

  5. Alibaba

    🔻 Alibaba is one of the leading blockchain solutions providers around the world. The well-known Chinese company introduced its BaaS service in 2018 through its cloud platform.

    🗨  Alibaba has an active research team and has registered many patents on blockchain during the past period.

    Utilizing Quorum, Hyperledger Fabric, and the Ant Blockchain, the platform integrates Alibaba Cloud’s Internet of Things (IoT) and anti-counterfeiting technologies to create blockchain solutions for product traceability.

    Alibaba’s BaaS offering provides diverse solutions to meet user needs including encompasses enterprise-level BaaS services, an agile BaaS platform that supports private deployment, and specific blockchain solutions for container services. 👇

  6. Oracle

    🚀 Software giant Oracle unveiled its BaaS service in 2017. The service, called “Oracle Blockchain Cloud Service”, aims to provide an enterprise-grade distributed ledger platform that can help businesses to “increase trust and provide agility in transactions across their business networks.”

    Oracle enables its service users to provide permission blockchain networks for private or consortia models, enroll member organizations, and run smart contracts to update and query the ledger in addition to many other benefits.

    🎯 Also, Oracle enables its service users to use its other solutions such as Oracle Supply Chain Management (SCM) Cloud, Oracle Enterprise Resource Planning (ERP) Cloud, and other Oracle cloud solutions. 👇

  7. R3

    🔥 R3 launched its BaaS service called “Corda” to enable companies to transact directly and privately using smart contracts.

    Corda is an open-source blockchain platform that works on minimizes blockchain nodes’ deployment time by a few minutes, allowing enterprises to host the Corda network in a few clicks.

    👉 Interoperability, security, and privacy are the foundations of the finance-focused Corda.

    Royal Dutch Airlines (KLM) recently hired Corda service to streamline financial processes and enhance settlements

    Corda provides users with the following benefits: Easy cloud-based deployment and quick setup of nodes with Docker, a Built-in blockchain application firewall to provide additional security, as well as R3’s Interoperability feature that allows developers to work with more than one application at the same time.

    🗨 It is worth noting that R3 has developed solutions for more than 300 clients in addition that it has partnerships with many prestigious institutions such as Barclays, Credit Suisse, Goldman Sachs, J.P. Morgan, and Royal Bank of Scotland, Bank of America and Wells Fargo, and more. 👇

  8. SAP

    🎯 SAP launched its BaaS service “Leonardo” in 2017. Through its service, SAP aims to help companies transition into the digital age through the use of distributed ledger technology.

    Leonardo is a Hyperledger based service and resides in the SAP Cloud service, meaning it can be accessed from any device.

    🔻 The platform provides plug-and-play blockchain solutions and allows for the easy setup and hosting of blockchain nodes.

    SAP Leonardo functions as a blockchain cloud service, machine learning service, and supports the Internet of Things (IoT) in a single ecosystem.

    👉 SAP Leonardo provides its users with several benefits such as cloud deployment, monitoring of blockchain data in real-time, and more. 👇

  9. Huawei

    🚀 Well-known Chinese smartphone manufacturer Huawei launched its BaaS service in 2018. The service, called “BCS“, is based on Linux Foundation’s Hyperledger Fabric, a blockchain framework that allows components, such as consensus and membership services, to be plug-and-play.

    With its BaaS service, Huawei aims to enable companies to develop smart contracts on top of a blockchain network for several use-case scenarios.

    🔥 Huawei also works with enterprise customers to promote the deployment of blockchain solutions and applications and to build reliable, public infrastructure, and an ecosystem-based on blockchain and shared success.

    🗨  According to Huawei, BCS enables enterprises to deploy blockchain technology within five minutes. It concentrates on nine application scenarios, including data assets, Internet of Things (IoT), operation, identity verification, data certification, data transactions, new energy, philanthropic donations, and inclusive finance.

    Huawei has many and varied partnerships inside and outside the Chinese market, but the most prominent name remains the famous car manufacturer Honda. 👇

  10. Factom

    🔻Factom launched its BaaS service in 2017. The service, called “Factom Harmony“, aims to allow enterprises and software vendors to quickly add blockchain capabilities to any application or workflow using simple API calls.

    Harmony also aims to enable users to create portable, archivable cryptographic proofs to use as trusted inputs for internal and external audits.

    🚀 What sets Factom Harmony apart is that it reduces the time and resource requirements to perform audits and meet compliance objectives. ⤵

     

     

    ✍ Author: Husayn Hashim

    Bio: Husayn Hashim works as an author and programmer. He has been writing about blockchain technology and cryptocurrencies for si years. He’s interested in programming, technology, finance, and business. He loves writing and loves to share his knowledge with others.

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Do I need to Buy One Whole Bitcoin? 3 BTC Questions I’m Tired of Answering

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“No, you don’t need to buy a whole Bitcoin.”

As someone who writes about blockchain and crypto I often find myself answering the same questions over and over again to friends and people I meet, about Bitcoin.

In no particular order, I am most commonly asked the three questions below:

  1. Why is Bitcoin worth anything?
  2. Am I too late to buy Bitcoin?
  3. It’s too expensive, do I need to buy a whole Bitcoin?

The short answers to these are:

  1. Scarcity, Sentiment, Mathematics.
  2. No.
  3. No, you don’t need to buy a whole Bitcoin.

At the moment, swarms of new people are taking notice of the immense gains being made in the Bitcoin and crypto space as announcements of new BTC price highs, institutional adoption and mainstream acceptance continue to permeate news in 2020.

However, the types of questions listed above, reveal a broad misunderstanding common amongst people who unlike myself and my peers are not standing knee-deep in the digital assets industry. Cryptocurrency is still a new and frightening technology to many, and big changes are difficult for people to cope with—particularly a change that may potentially alter our core financial system—and Bitcoin is still hopelessly misunderstood.

Why is Bitcoin worth anything?

This is perhaps the most difficult question to answer because it often creates a very long conversation about what gives anything value? As in my short answer above, simply put Bitcoin is an asset with mathematically proven value and scarcity and BTC’s short term price gains are often tracked to sentiment in the markets.

A real consideration of what makes something valuable can be mind-blowing and could cause a person to tumble down a philosophical rabbit hole that most people have not really ventured far into before.

The factors that make an asset valuable can range from spiritual importance to their utility, but often throughout history, forms of value have been mostly connected to scarcity—which is why things that are difficult to acquire or mine like gold, silver, and diamonds have high value in our society.

There are interesting examples of this throughout history. For example, in the Napoleonic era, aluminum was seen as far more valuable than gold as it was scarcer and more difficult to acquire at the time. Napoleon’s crown was even made from aluminum to highlight his supreme power as Emperor, but, by today’s standards, the prospect of aluminum being more valuable than gold is quite absurd.

Where this gets confusing for people is the value underlying Bitcoin—rather than relying on physical properties like gold or silver, or relying on trust in a central authority, Bitcoin is back by mathematics.

Bitcoin has real scarcity. BTC is created at a decreasing and predictable rate, with the number of new Bitcoins created each year undergoing an automated halving every four years, effectively halving the BTC mining rewards for ownership of the block. This process will continue until the total 21 million Bitcoins that will ever exist have been mined from the blockchain—which is predicted to have been completed by 2140.

Bitcoin has value because it has utility as a form money, a store of value, and is a unit of measurement. Bitcoin has all the characteristics of money—durability, portability, fungibility, scarcity, divisibility, and recognizability. With these attributes, all that is required for a form of money to hold value is trust and adoption.

In the case of Bitcoin, this can be measured by its growing base of users, merchants, and startups. As with all currency, bitcoin’s value comes only and directly from people willing to accept them as payment.

Throughout much of its history, the value of Bitcoin has been driven primarily by speculative interest. Bitcoin has exhibited characteristics of a bubble with drastic price run-ups and a craze of media attention which also creates tension with those looking to enter the crypto space. This is likely to continue to decline as Bitcoin continues to see greater mainstream adoption.

Am I too late to Buy Bitcoin?

So are you too late to Bitcoin? At $13,000, how much more could the BTC price improve?

This question also reveals a huge misconception from members of the non-crypto public— the belief that Bitcoin has already done its dash and that they have missed the boat. What if I told you there was still time to get in on Bitcoin, and many respected and celebrated asset managers are still reporting that this is just the beginning?

According to Wall Street legend and billionaire Paul Tudor Jones, who made headlines when he revealed he was buying bitcoin to hedge against inflation earlier this year, it is not too late at all to get in on Bitcoin.

Speaking to CNBC’s Squawkbox just last week, Jones said:

“Bitcoin has a lot of characteristics of being an early investor in a tech company […] I think we are in the first inning of Bitcoin, it’s got a long way to go.”

Jones is not the only one betting on the Bitcoin price increasing in years to come.

PayPal made headlines recently announcing a move on Bitcoin, and other institutions including MicroStrategy, Square, and Stone Ridge Asset Management have all invested in Bitcoin, some even noted that BTC has become part of its treasury investment strategy.

Raoul Pal, the CEO of Real Vision Group, and a wall street veteran believes that Bitcoin could hit $1 million by 2025, according to his model. His prediction was backed by regression on a log chart since Bitcoin’s inception, allowing him to analyze the Bitcoin price projection based on its past performance.

Raoul Pal who is also the former head of sales at Goldman Sachs’ hedge fund previously also said that he believes that Bitcoin will be the best performing asset in the next two years—he previously mentioned that Bitcoin could rally to $100,000, and even $1 million, which he reasserted recently.

Bloomberg’s latest report also predicted that Bitcoin could reach $100,000 in 2025, saying that Bitcoin has a history of adding zeros to its price.

JPMorgan also believes that Bitcoin would have a good chance of increasing its price, according to a recent report. The investment bank said that the digital currency could continue to surge as it competes with gold as an “alternative” currency. When comparing gold to Bitcoin, JPMorgan noted that the physical gold market, including gold ETFs, is worth $2.6 trillion. Bitcoin would need to surge at least 10 times from its current levels to catch up to gold in terms of market value.

JPMorgan added:

“Even a modest crowding out of gold as an ‘alternative’ currency over the longer term would imply doubling or tripling of the Bitcoin price.”

With experts far more qualified than myself supporting this argument, and the rising adoption of Bitcoin, higher prices seem inevitable and we do appear to just be scratching the surface.

Do I need to Buy a Whole Bitcoin?

No, you don’t need to buy a whole Bitcoin.

It is my personal suspicion, that a misunderstanding about how much Bitcoin must be purchased to enter the market is perhaps one of the most solvable issues that is hindering public adoption. This misunderstanding is also, I suspect, responsible in part for seeing a pump in various altcoin prices, as altcoins often provide investors an affordable way to get into the cryptocurrency markets in whole units—which they may initially think they need to see any value or ROI.

There is so much emphasis placed on how much “one” Bitcoin is worth across the industry, that new users often come in to BTC investment thinking that if they want to get in, that they will have to immediately be able to spend $13,000 (at time of writing) to buy a whole Bitcoin. But actually, that isn’t the case – it’s possible to buy a half of a Bitcoin, a quarter of a Bitcoin or even a fraction of a percent of a Bitcoin.

One Bitcoin has a much larger degree of divisibility than a US dollar, as well as most other fiat currencies. While the dollar can be divided into cents, or 1/100 of 1 USD, a Bitcoin is divided into “Satoshis” which are just 1/100,000,000 of 1 BTC. It is this extreme divisibility which also makes bitcoin’s scarcity possible.

Some exchanges offer minimum Bitcoin purchases as low as $10 USD for you to get started, and when I tell my friend’s this, it often invites one final question—How much BTC do I need then?

0.0028 BTC

As mentioned above, the smallest unit of Bitcoin is 0.00000001 BTC, with this lowest unit called a Satoshi, after the pseudonymous developer behind the cryptocurrency.

As the Bitcoin supply is capped at 21 million BTC, should the future of Bitcoin come to pass, and the premier crypto becomes the core of our global financial system—anyone with 1 BTC will be among the 21 million richest people in the world.

Around 18.5 million Bitcoin have been mined, which is about 87% of the total BTC supply. The remaining 2.5 million will become exponentially more difficult to produce over the next 120 years.

The divisibility of Bitcoin could allow for quadrillions of individual units of Satoshis to be distributed throughout a global economy. So how much do you need? In simple mathematics, you just need to divide the entire BTC supply by the global population.

With roughly 7.5 Billion people, means 21,000,000 BTC /7,500,000,000 = 0.0028 BTC. The likelihood of everyone having this small amount is not great either, as a lot of the circulating supply is held by investors and whales, some of them already holding thousands of whole Bitcoins.

However, at the time of writing, a meager $100 investment into BTC will get you around 0.0076 BTC or 760,000 Satoshis. This is three times what the general person could hold in future if all BTC were able to be divided equally, which it will not be.

So if you believe that Bitcoin has value, and want to get some skin in the crypto game, I recommend to you, as I do with all my friends, that you just start with a $100 USD and continue to stack your wallet when possible.

After the initial purchase of $100 USD in Bitcoin, you’ve already added a potentially vast amount of wealth to your family’s financial future, and any BTC you add to this will just be the icing on the cake.

Image source: Shutterstock Source: https://Blockchain.News/news/do-i-need-to-buy-one-whole-bitcoin-3-btc-questions-im-tired-of-answering

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Kevin Hart Jokingly Calls Crypto “Voodoo Money” While Kanye West Takes Bitcoin Seriously on Joe Rogan’s Podcast

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Comedian and actor Kevin Hart recently commented on Bitcoin and other cryptocurrencies during a livestream event for MDA USA. MDA is an organization based in the United States to support those who are affected by muscular dystrophy, ALS and other neuromuscular diseases. 

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A crypto-based non-profit organization, The Giving Block, first noted that Kevin Hart had a brief mention of Bitcoin during the MDA Kids Telethon. While asked by one of his friends, Jay Ellis, whether the MDA accepts cryptocurrencies such as Bitcoin, and Ethereum, Hart made a joke.

Hart said in confusion that cryptocurrencies, including Bitcoin and Ethereum, were “voodoo money.” In a joking manner, Hart responded:

“We don’t take the voodoo. So if you’re out here trying to give us the voodoo money, we don’t, what? We do take the voodoo. Oh wait, hold up — I’ve been told that we do take cryptocurrency. I’m being told that it’s a legit investment worth almost $250 billion. Okay yeah, we do take it. Ok, so we do take it.”

Shortly before Kevin Hart mentioned cryptocurrencies during the MDA Livestream, Kanye West also discussed Bitcoin and cryptocurrencies with Joe Rogan on his world-famous podcast. West is no stranger to Bitcoin, as he has previously been very vocal about his support for BTC and the crypto industry.

Kanye West discusses Bitcoin and crypto with Joe Rogan

West told TMZ that he would like to see the blockchain industry evolve, and even went to tweet “decentralize” on Twitter, advocating for Bitcoin adoption and expressing his desire to see BTC replace traditional American dollar bills. 

During Joe Rogan’s podcast, West said that he has been recently discussing Bitcoin and crypto with his friends, in preparation for the interview with Rogan. Joe Rogan has also been supporting cryptocurrencies, having hosted Bitcoin advocate Andreas Antonopoulos, and even Elon Musk on his podcasts.

West found that the “Bitcoin guys,” those who are involved in crypto, have a perspective of what the “true liberation of America and humanity will be.” He added:

“A lot of the tech guys were able to use the new highways, new information highways, and create the next frontier of our humanity.”

Although West did not end up running for president in 2020, West talked more about his desire to be the ‘leader of the free world.” Perhaps in this free world, it would be decentralized. 

Image source: Shutterstock Source: https://Blockchain.News/news/kevin-hart-crypto-voodoo-money-kanye-west-bitcoin-joe-rogan-podcast

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