In the twelve years or so since it was mysteriously created by a shadowy coder or coders, cryptocurrency has come an extraordinarily long way. At first no more than a fanciful experiment, an online wheeze traded between nerds and true believers, Bitcoin and its likenesses are now a headline-grabbing phenomenon poised to upend the stodgy world of mainstream finance forever. And all the big tech firms are watching closely, weighing up just what this crypto revolution means for them.
But there are major questions to address. Should this supposedly free, democratised system be exploited by plutocrats like Elon Musk? Aren’t revolutions ideally meant to favour the little guy? Join us today as we crunch the numbers and learn how, and why, the big tech companies are adopting cryptocurrencies.
Facebook was arguably the first high-profile tech giant to throw its hat in the crypto ring, with its so-called Libra initiative launched in 2019. With trademark Silicon Valley earnestness and aplomb, project leader David Marcus announced his lofty aims at the time as nothing short of “Freedom, Justice… and money”.
SUGGEST A TOPIC
Imagery supplied via Getty Images
Are Tech Companies Adopting Cryptocurrencies?