OneCoin

BILL GATES DESPRE DIGITAL CURRENCY: “Bitcoin won’t be the dominant system.”

“Poor people don’t have bank accounts and so when they have an emergency [or] they want to borrow or save, it’s very tough. [With] small transactions, the fees are just too high when you have banks and ATMs and all that. If we take the cellphone and just use digital currency, then you can have all those financial services.”

“There’s a lot that Bitcoin or Ripple and variants can do to make moving money between countries easier and getting fees down pretty dramatically,” he told the publication, “but Bitcoin won’t be the dominant system.”