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Bloomberg Businessweek
Bloomberg Businessweek Weekend - February 14th, 2025
Feb 14, 2025
Max Chafkin, a Bloomberg Businessweek columnist, dives into the transformative effects of Elon Musk. Jeremy Waxman, CEO of Zillow, discusses housing market challenges, high mortgage rates, and the need for federal support. Mike Cannon Brooks, CEO of Atlassian, shares insights on AI's impact on tech spending and innovative strategies for businesses. The conversation touches on cryptocurrencies, the importance of government policies in real estate, and the dynamic interplay between technology and the housing industry.
01:21:30
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Quick takeaways
- The evolution of payment methods from the 1950s laid the groundwork for innovations like digital currencies and stablecoins.
- Stablecoins present a transformative solution for cross-border transactions, significantly lowering costs and enhancing financial inclusivity.
Deep dives
The Origins of the Payments Revolution
In the 1950s, a businessman introduced a novel way to manage his lunch tab, sparking a significant transformation in payment methods. This laid the groundwork for subsequent innovations in financial transactions, eventually leading to the development of digital currencies and stablecoins. The vision was to create a system that simplified the process of exchanging currency, paving the way for more seamless transactions. As technology has advanced, the payments landscape has continued to evolve with these innovations at its core.
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