Bitcoin's revolution: an impossible-to-counterfeit digital store of value that can be used as money, that has no sovereign, or central bank involved, that can be sent anywhere instantly at virtually no cost, is irresistible. Anyone who uses it is converted.
I believe Bitcoin is a very convenient way to shop and to transfer money to any account around the world. Governments should work around a framework for the currency instead of putting restrictions on it.
At the end of the day, what's going to make bitcoin successful is more people making more interesting things, just like the beginning of the Internet.
Bitcoin woke us all up to a new way to pay, and culturally, I think a much larger percentage of us have become accustomed to the idea that money no longer comes with the friction it once had.
The big idea of, 'Hey, I can pay anyone, anywhere, with whatever digital wallet they have, and it just flows around the Internet' - that's on the horizon; that's how we built everything we do.
Bitcoin frees people from trying to operate in a modern market economy.
Part of Stripe's vision is linking people better on the web.
Bitcoin may herald the dawning of a new age in currency. It holds superior traits as a form of 'good money.' As a tangible form of asset (its core tangibility being its mathematical basis), it could become an incredibly important building block for the 21st century's global economy.
Bitcoin is amazingly transformative because it's the first time in the entire history of the world in which anybody can now send or receive any amount of money, with anyone else, anywhere on the planet, without having to ask permission from any bank or government.
Bitcoin is a bank in cyberspace, run by incorruptible software, offereing a global, affordable, simple an dsecure savings account to billions of people that don't have the option or desire to run their own hedge fund.
What's happening in crypto - and certainly what's happening at Ripple - we have an opportunity to fundamentally change the way global commerce is managed from a payments point of view.
We had a mission at PayPal - which was to create a new financial system, a new world currency, and we failed. We were a financial success, but we didn't succeed at the purpose of our company.
Ripple is redefining the way that value moves around the world, and today we're already enabling real-time, affordable international settlement between banks who have adopted our solutions.
I want to help create the world's first global currency built on the Internet and built on open platforms and standards such as Bitcoin, and I want to build a financial services institution on top of that. That's what I'm doing with Circle.
Just as it got easier to use email, it will be easier to use Bitcoin as people invest in it and become more familiar with it.
When I started the business, only banks operated at airports, only banks issued travellers' cheques, only banks issued international payments, only banks serviced their own branch networks.
Just as the Internet brought the cost of disseminating information down by an order of magnitude, bitcoin brings the cost of transferring ownership down by an order of magnitude.
Bitcoin is inherently international, and one of its great promises is it enables cross-border payments in a more efficient way.
I do think some digital currency will end up being the reserve currency of the world. I see a path where that's going to happen.
After PayPal, I never thought I would get interested in payments again. But bitcoin is fulfilling PayPal's original vision to create 'the new world currency.'
Low-value payments are now possible. Now, Ripple can make it easy for Facebook and Uber and Amazon to make payments to developers in real time. It's online and completely global.
It's really hard to argue that bitcoin doesn't have many legitimate benefits to companies that are legal businesses when you have Dell and Expedia and all these companies now accepting it.
What value does cryptocurrency actually add? No one's been able to answer that question for me.
Bitcoin never sleeps. We need to move quickly and grow quickly and do everything sooner rather than later.
It's clear to me now that Ethereum is the new currency of the Internet. It's way ahead of where Paypal was in its day, and it's much more exciting to its customers than Paypal ever was.
