The conference session was held on the second day subordinate Bitcoin 2021 Conference in Miami on June 4-5. Experiment #Bitcoin 2021 Party from anywhere in the world by joining our conversation on cable, make sure of it Subscribe to our newsletter To stay up to date with the latest Bitcoin news and all the happenings in Bitcoin 2021.
In this conference session, Jack Mallers, Ghazi, Manny Mann, Sean Culkin, Russell Okung sat down to talk about something Mallers was a pioneer in; People pay with bitcoin.
The innovation around this segment of the Bitcoin industry has been fast paced and will be the source of a major change in the global economy going forward.
“I think this will turn into a revolution” regarding the impact of Bitcoin salaries, Mallers said.
Ghazi agreed, saying, “In the end I think it’s the peer-to-peer nature of and how quickly you can get someone’s money is the most important, which is why I invest so much time and energy into it.” With advances in lightning technology making instantaneous transfer of value possible, the value of this technology quickly became apparent, the committee noted.
Culkin also agreed, saying “For me it turned when I began to see myself as a company. I need to do what every other company does, in this economic environment that no longer views cash as an asset but as a liability.”
Okung further described the strategy behind it, “So I literally took the dollars, and moved them into the best assets in history. As it went up, people were crazy excited, but that’s the part that made the most impact for me: My fortune was changing. And I didn’t take another shot at head in order to make it happen. This is f****** Bitcoin, right?”
The benefits of this were not limited to athletes; “Well, it definitely is attractive as an artist because you can get paid in real time. It has the technology to pay you in real time,” Money Man said of artists being able to get paid in bitcoin while you stream records, you can get paid instantly instead of Wait 1 or 2 months to 3 months or 6 months.
The panel explained that people who were using this technology were quite impressed with the benefits they were getting.
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