Global: It’s Not ‘Unreasonable’ for Businesses to Create and Use Their Own Cryptocurrencies, Expert Says


The possibility that multinational firms may create and transact in their own cryptocurrencies is not “unreasonable” in the medium term, according to one blockchain expert. “What we’re seeing really is the democratization of money so you know, if you and I wanted to, we could create a CNBC coin,” said Gavin Brown, co-founder and director at venture capital firm, Blockchain Capital, at the Credit Suisse Global Supertrends Conference in Singapore. “Within three hours, we could have it up and running, and when we transact with people, we could request that we do it using that particular coin.”

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