Today news
About the same in other media
Billionaire Chamath Palihapitiya says Visa and Mastercard will be the biggest business failures in 2022, losing out to altcoin-linked projects
Reading now: 699
Brian Ach/Getty Images for TechCrunch
Billionaire investor Chamath Palihapitya has boldly predicted that Visa and Mastercard, two of the biggest payment processors, will be overthrown by emerging blockchain and DeFi projects in 2022.
«My biggest business loser for 2022 is Visa and MasterCard and traditional payment rails and the entire ecosystem around it,» he said in an episode of the «All-In Podcast» released Wednesday.
To him, the long-standing payment systems used all over the world are a «completely contrived duopoly that doesn't need to exist.»
Palihapitya, a former Facebook executive who runs the venture capital fund Social Capital, shared what he thinks will be the «most profitable spread trade» of his lifetime in the coming year.
«Be
Read more on markets.businessinsider.comAbout this in other media
Crypto billionaire Sam Bankman-Fried names 2 potential ethereum-killers as the next big blockchains: report markets.businessinsider.com /3 years ago
JPMorgan says ethereum is losing ground to rivals in the NFT market, which could boost the likes of solana markets.businessinsider.com /3 years ago
Bitcoin is losing its dominance over other cryptocurrencies in payments to merchants, crypto processor BitPay says markets.businessinsider.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
