Buterin: Blockchain Is Best For International Payments

 Buterin: Blockchain Is Best For International Payments Buterin: Blockchain Is Best For International Payments

Vitalik Buterin, a living legend of the crypto community, described in his recently published interview with Quartz what practical applications of blockchain he considers the best. He also warned companies against wasteful jumping on the blockchain bandwagon for the sake of publicity and marketing hype and, as an illustration, specifically criticized the case with IBM (NYSE:).

Buterin, a 24-year-old programmer primarily known as a co-founder of (ETH) Project, spoke with Quartz on the sidelines of Devcon 4, the annual conference held for Ethereum developers. This year, it took place in Prague from October 30 to November 2, in the midst of hard times for Ether, which plummeted from January highs of $1,400 and is currently testing $100.

What is wrong…

Buterin expressed optimism about Ethereum and blockchain, in general, referring to it as the “world computer” that creates a shared computing environment for everyone and encourages cooperation. However, while Buterin appreciates the interest businesses take in blockchain technology, he warns that at the moment many companies use it in areas where it is not particularly necessary or app…

This article appeared first on Cryptovest

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