Blockchain Capital co-founder and director Gavin Brown has told CNBC that it really is not “unreasonable” for multinational businesses to consider their own cryptocurrencies for transactions, at least in the medium term.
Brown said that in the current context when hugely successful multinationals such as McDonald’s actually have a better credit rating than some entire countries, the concept of issuing their own crypto and requiring customers to make purchases with them is “not that outlandish”.
He said this during the Credit Suisse Global Supertrends Conference held in Singapore, insisting that a company-owned crypto could even be set up within three hours to conduct transactions with clients:
“What we’re seeing really is the democratization of money so you know, if you and I wanted to, we could create a CNBC coin.”
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