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Sir Richard Branson: Bitcoin “The Pioneer of a Global Currency”

Jayanand Sagar | April 19, 2014 | 6:04 pm
Uncategorized

Sir Richard Branson: Bitcoin “The Pioneer of a Global Currency”

Jayanand Sagar | April 19, 2014 | 6:04 pm

Business magnate Sir Richard Branson’s no stranger to the topic of bitcoin and digital currency.

In November of last year, Branson announced that his latest and greatest venture, Virgin Galactic, would be accepting bitcoin for short flights to space.

In the April issue of Delta’s SKY Magazine, Branson spoke about a number of topics, of which include (yes, you guessed it) bitcoin.

“It was a genius who set [Bitcoin] up,” he told the magazine.

But despite the genius behind bitcoin, Branson says there’s a number of flaws with it — chiefly, its transparency. Specifically, the fact that most people don’t know who Satoshi Nakamoto — the creator — is.

“It may not be the perfect global currency of the future yet, but it’s the pioneer of a global currency.”

Mr. Branson instead feels that a successful means of digital payments could come from someone well known like Twitter co-founder Jack Dorsey.

Dorsey, of course, now runs Square, a company that seeks to make accepting credit/debit cards simple.

“He’s the kind that’s more likely to come up with the currency of the future that would be completely transparent,” he said, “Maybe using the Virgin Money brand.”

Branson noted in late January that “six or seven” individuals had purchased a Virgin Galactic flight using bitcoin, including a stewardess from Hawaii. Each flight is priced at about $250,000, or about 500 BTC at the current exchange rate.

Read the issue here. See page 150.

[textmarker color=”C24000″]Image[/textmarker] INMA/Jarle Naustvik

 

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