P2P Money Transfer Firm CEO: Bitcoin Is Dead

P2P Money Transfer Firm CEO: Bitcoin Is Dead

It has been said plenty of times in the past and it’ll be said again in the future. Taavet Hinrikus, CEO of TransferWise, a popular peer-to-peer international money transfer service has stated that bitcoin, is dead.

TransferWise is a prominent player in the Fintech space. Founded in 2010, the money transfers service is among the leading remittance services in the world. In six years of the company’s existence, it has raised just under $100 million in equity funding with Richard Branson and Andreessen Horowitz among the notable investors.

In comments made during an interview with Yahoo Finance, Taavet Hinrikus, CEO of TransferWise stated:

Bitcoin, I think we can say, is dead. There is no traction, no one is using bitcoin. The bitcoin experiment, I think we can say, is over.

Taavet Hinrikus

Taavet Hinrikus

The notion of the “failed experiment” of the cryptocurrency is one that was – with significant mainstream coverage – shared by former Bitcoin core developer Mike Hearn.

As a well-funded

Read more ... source: TheBitcoinNews


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