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Author: Admin | 2025-04-28
Fast-growing fintech company, has significant exposure to the cryptocurrency world.Photo: Sean Gallup (Getty Images)Microsoft (MSFT) co-founder Bill Gates has been a vocal critic of Bitcoin and other cryptocurrencies. He argues that Bitcoin is unproductive as an asset class and that he would bet against it if given the chance.Gates describes himself as an “old-school” investor, preferring tangible investments like farms that produce goods or companies that manufacture products. He even poked fun at popular non-fungible tokens (NFTs) like Bored Apes, calling them “expensive digital images of monkeys.”Despite his skepticism toward cryptocurrencies, Gates recognizes the transformative potential of blockchain technology. He has praised its ability to revolutionize transaction processing, particularly in developing countries with large unbanked populations.Microsoft, under Gates’ legacy, has also embraced blockchain innovation. Through its Azure cloud platform, the company offers a “Blockchain as a Service” (BaaS) solution, enabling developers to easily build and deploy blockchain-based applications.Image: NurPhoto (Getty Images)Meta (META) co-founder and CEO Mark Zuckerberg is ambitious about experimenting with cryptocurrency. His company once ventured into cryptocurrency development with a project called Diem, initially known as Libra. However, mounting regulatory pressures forced the premature shutdown of the initiative. The Diem Association, responsible for overseeing the development of the digital currency, ultimately abandoned the project in response to increasing scrutiny from authorities.In addition to Diem, Meta launched a digital wallet called Novi in collaboration with cryptocurrency exchange Coinbase (COIN). Initially released in beta, Novi was intended to expand further but was shut down in 2022 due to persistent regulatory
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