Sweden’s futuristic move to replace credit cards and cash by implanting a microchip into people’s skin, which would be used to carry out daily activities has gotten a response from the CEO of Galaxy Digital, Michael Novogratz.
While addressing the innovation, even though digital, as an idea controlled by government, Novogratz said the centralized digital world is getting creepier by the day.
“You really better trust your government before you do this. Seems absolutely crazy to be”, Novogratz stated.
The CEO of the Newyork based crypto oriented multi-service merchant bank furthered that the emergence of blockchain technology has introduced a major change – decentralization, into the finance industry.
The CEO said our only solution to a decentralized future in the finance industry, for now, is cryptocurrency and blockchain.
Michael said: “Buy $btc. Invest in blockchain VCs.”
Sweden’s Microchip to Put ID, Wallet, Keys in Users’ Hand
The Swedish government is building a futuristic innovation to make the world go digital with microchips that allow people to have ID, wallet, keys, and everything necessary for daily activities all in their hands. This will, in turn, replace credit cards and cash.
The sci-fi-ish chip likened to the size of a grain of rice, has been implanted into the hands of over 4,000 persons in the country.
Aside from allowing people to make payments in stores with a swipe of the hand, the chip also helps citizens of the country monitor their health.
Germany’s 7th Largest Bank Sees Bitcoin Has Financial Solution in the 21st Century
A leading financial institution in Germany, BayernLB, has addressed Bitcoin has the financial instrument that will serve the world with great utility in the 21st century.
BayernLB, in a research, averred that Bitcoin, as an asset, is harder than Gold. The 7th largest bank in Germany, which believes that the finance world needs to be more digitized than it is. He said Bitcoin’s level of hardness will “inexorably increase even further, to a level unprecedented in human history”.
Considering the high level of Bitcoin’s hardness according to the research, the bank said, Bitcoin is preferred to other form of opened monetary system.