Categories: Bitcoin Entertainment

Sir Richard Branson Endorses the Australian Digital Currency Commerce Association

Click here to view original web page at cointelegraph.com
Sir Richard Branson Endorses the Australian Digital Currency Commerce Association

Sir Richard Branson explains why he endorses the Australian Digital Currency Commerce Association and supports Bitcoin in an op-ed.

The founder of Virgin Group Sir Richard Branson, published anop-ed on the Australian Digital Currency Commerce Association's blog, where he expresses his opinion on why he believes in Bitcoin's disruptive potential, and addresses his support to the Australian Digital Currency Commerce Association (ADCCA) for its consistent work on standardizing Bitcoin.

"Bitcoin is making considerable waves in the finance sector. I have invested in Bitcoin because I believe in its potential, the capacity it has to transform global payments is very exciting."

The businessman argues that many people aren't satisfied with the usual business approach of major payment networks, and believes that Bitcoin has the ability to address the major concerns that is facing our society:

"There’s a real desire for greater levels of control, freedom and scrutiny over what happens with our money, Bitcoin addresses these concerns and that is why so many people believe it represents the future."

Although Bitcoin has gained many supporters during the past year, Branson says there is still work to be done, notably to ensure that Bitcoin operates under a "best practice regulatory regime." Thus, the businessman endorses the ADCCA, which he says "had been working hard to achieve this goal and deserve credit for [its] efforts."

Sir Richard Branson Endorses the Australian Digital Currency Commerce Association

TheADCCA is Australia's leading council and representation of and for digital currency businesses. The organization aims to speak at a national and international level on behalf of the country's digital currencies businesses, and is led by chairman and CEO of Bitcoin exchangeBit Trade Australia, Ronald Tucker. The lobby group is leading up the G20 Summit next month.

Branson continues with the disruptive nature of Bitcoin, and believes that established online payment systems shouldn't fear Bitcoin, as they also have a lot to gain from its presence. He argues:

"Services will be given the opportunity to make themselves more responsive and price competitive, who wouldn’t want to offer that to their customers?"

Even though "it feels strange to think of a world without cash, no more coins or notes," Branson believes it is the way the world is heading. Thus, the entrepreneur had invested in many Bitcoin and banking alternatives companies, including Bitpay andTransferWise. Along with seeing real potential in these startups, Branson hopes "to be a part of what could be a democratization that helps to put more power and control back into the hands of the everyday citizen."

Finally, Branson finishes with the main benefits that have brought innovations, which are lowering cost and increasing convenience, and stresses that it is crucial for everyone to understand and gain access to enable the technology:

"Making sure that conversations around this are happening at the highest level will hopefully result in common sense reforms to areas such as taxation and law enforcement, which will be of real benefit to all concerned."

Sir Richard Branson is an English businessman and investor, best known as the founder of Virgin Group. According to Forbes 2014 list of billionaires, Branson is the 7th richest British citizen, with an estimated net worth of US$4.99 billion.

In late 2013, Branson announced his space flight companyVirgin Galactic, would be accepting Bitcoin payments for space tickets. By February 2014,six passengers had already signed up for a trip to space using bitcoins, including the Winklevoss brothers.

Did you enjoy this article? You may also be interested in reading these ones:

Bet on Gold price with Bitcoin and earn in 60 seconds, no account required! UpDown.bt

The founder of Virgin Group Sir Richard Branson, published an op-ed on the Australian Digital Currency Commerce Association’s blog, where he expresses his opinion on why he believes in Bitcoin’s disruptive potential, and addresses his support to the Australian Digital Currency Commerce Association (ADCCA) for its […]

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama
Tags: one

Recent Posts

Elizabeth White: Helping merchants join the Bitcoin vision

A huge part of making Bitcoin SV (BSV) the new currency of exchange for the world is in developing real… Read More

2 hours ago

‘Youngest Bitcoin Millionaire’ Willing to Stake it All on Metal Pay

Metallicus, the startup behind the peer-to-peer payments platform Metal Pay , received an undisclosed angel investment from the youngest bitcoin… Read More

2 hours ago

Privacy Crypto Dev Attempts to Expose Self-Proclaimed Bitcoin Creator

Anonymity and privacy are extremely important in the crypto industry. The original crypto that the entire industry is based on… Read More

2 hours ago

Bitcoin’s 2019 Gains Not Fuelled on Chinese Capital Flight Onlyh, Claims Circle CEO

According to Jeremy Allaire, the price increases in Bitcoin since the beginning of the year were driven by more than… Read More

2 hours ago

CZ Claims Binance’s Venus Stablecoin Project to Help Facebook’s Libra

Many deem Binance's newly announced Venus stablecoin project as a competitor to Facebook's Libra crypto. But Binance's CZ says otherwise.… Read More

2 hours ago

Bitcoin’s Satoshi Reveal Part 2: Lost Private Key, the CIA, & the Godfather

In part two of his 'Satoshi reveal', self-proclaimed Bitcoin creator Bilal Khalid unveils where all his bitcoins are and much,… Read More

2 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More