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Death of the USD?! News of the Money-World Ep 64

NZ Everyday Investor

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The Future of Cryptocurrency

Rupert Murdoch: We've been working with some offshore people at the moment, right? And we've found that it is significantly faster, cheaper, easier to pay them in US data. What you're effectively doing, Rupert, correct me if I'm wrong, is you're paying people overseas using infrastructure, which is blockchain powered infrastructure bypassing the banking system,. But they're still getting US dollars on the other end. That's why it's powerful because in that's where I see this going, right? He says 50 million smart contracts have now been executed over the Ether network generating $2 billion in revenue.

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