From the long-term impact of Bitcoin, cryptocurrency and blockchain technology, to a showdown between Ripple and Swift, here’s a look at some of the stories breaking in the world of crypto.
Pantera co-CIO Joey Krug says Bitcoin has started a revolution that will radically transform every aspect of the global financial system.
In an extensive thesis on the future of finance, Krug says crypto and blockchain technology will prove to be every bit as significant as the printing press and the internet.
“Just as the internet effectively created a parallel information infrastructure, crypto (sorry cryptographers, the term has officially been co-opted!) will build a parallel financial infrastructure. And, no, it’s not going to happen with private blockchains any more than the internet revolution occurred with intranets…
I think to make money in this market you have to be contrarian and right about which projects and companies to invest in. It’s easy to just buy bitcoin and hope that digital gold will be the end-all, be-all. But I think we’re standing on the precipice of something much, much bigger than that: the early beginnings of a revolution of the entire financial system.”
You can check out the full thesis here.
Ripple and XRP
Ripple CEO Brad Garlinghouse and Swift CEO Gottfried Leibbrandt are set for a showdown in Paris.
The two will join a panel called “Let’s Send the Money” at the Paris Fintech Forum on January 30th. In November, Garlinghouse said Ripple’s suite of cross-border payment solutions are designed to replace Swift, which is currently the dominant network used to power international payments between banks and financial institutions.