There's no denying the fact that
Bill Gates is a very smart man, and that he has a passion not only for technology but also for
helping the poor through his Bill and Melinda Gates Foundation. Today he sat down with Erik Schatzker of Bloomberg TV to discuss many different topics, ranging from banking for the poor to how Satya Nadella is doing at Microsoft to whether he's going to spend time court side
watching the Clippers with his friend, Steve Ballmer.
In the beginning of the interview, Gates speaks about how he's working to get banking for the poor. After giving some ideas and reasons why banking for the poor is important, he stated that Bitcoin, or a future similar technology, would be a great way to go.
Well Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency. You don't have to be physically in the same place, and for large transactions currency can get pretty inconvenient. The customers we're talking about aren't trying to be anonymous, they're willing to be known, so Bitcoin technology is key and we can add to it or build a similar technology where there's attribution and people feel comfortable. This has nothing to do with terrorism or money laundering.
