Stafford Masie, once CEO of Google Africa, has recently claimed at a conference that Bitcoin being viewed in a negative light is just wrong. Masie believes that the asset is a “gift” to humanity and entirely misunderstood, among other misconceptions.
The former CEO said this while speaking at a keynote at the SingularityU South Africa Summit this October 16th, reports CoinTelegraph. He said that despite these misunderstandings of the world’s first cryptoasset, it will continue to revolutionize the world, specifically when it comes to global trade, he says. He calls these “third economies” as the publication reports:
“The third economy is an economy where people don’t have access to electronic forms of distributing value or cash […] Think of the people who live two hours outside Shanghai, China’s central coast. They will use Bitcoin to trade and unlock international transactions outside of the existing frameworks in a manner that you and I cannot imagine.”
This aligns with Bitcoin’s original vision: to bank the unbanked and exist as a decentralized asset for everyone in the world to use. Of course, many enthusiasts and those online believe in this vision to this day, but others who are scared of the asset or who don’t believe in it focus on the more negative aspects of Bitcoin, like money laundering and other illegal activity. Hopefully, Masie is right, and that the good parts of it shine through.
Also, one should note that Maise is now the general manager of WeWork South Africa, we learned from the publication as well.