Raoul Pal: Real Vision cover image

Is This Layer-1 the Future of Web3?

Raoul Pal: Real Vision

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The Future of Cryptocurrencies

The IMF understands that there is the need for, you know, sovereigns to settle with each other and they don't want to take on maybe a different kind of geopolitical risk. Specialized special drawing rights could be again much more efficient because you don't have to worry about the overhead. And so Facebook and the VM and Libra project work to your point. But it was very challenging to get to market. We looked at things like Bitcoin and realized these protocols are great, but if billions of people need to use this technology to move money across the world we're going to move just as fast as Visa mastercard networks.

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