Another nail in the coffin of the USD 13 trillion financial services industry? Google bets on the blockchain. Alphabet's GV invests in Blockchain Ltd.

in blockchain •  7 years ago  (edited)

At USD 13 trillion, the global financial services industry has been garrisoned by government fiat.

  • Fiat currency
  • Regulations ensure that too big to fail institutions stay solvent.
  • Consumer inertia

Blockchain facilitates a choice in money or currency for anyone on the planet by steadily breaching the fiat moat via gold & crypto technologies of money & currency platforms.

Our collective desire to offer financial empowerment is driven by our values.

They act as our organization's North Star.

Blockchain.com

Today, I’m excited to announce that we’ve raised a Series B of $40 million with Lakestar and GV (formerly Google Ventures) with additional participation from Nokota Management and Digital Currency Group. Our existing investors – Lightspeed Venture Partners, Mosaic Ventures, Prudence Holdings, Virgin, and Sir Richard Branson (Virgin Group) – also participated in the round. Their continued support is an honor.

Peter Smith, More Rocket Fuel: Announcing Our Series B with Lakestar and GV

Alphabet's GV, formerly Google Ventures, has invested in Blockchain Ltd.

Welcome to GV. @blockchain moves digital currency forward with its bitcoin and blockchain technology.

@GVTeam on Twitter

Another nail in the coffin of the USD 13 trillion financial services industry?

blockchain cryptocurrency technology google beyondbitcoin
7 years ago by

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      ·  7 years ago (edited)

    This is why I get frustrated with the crypto haters out there. All the this capital investment and incredibly smart people verbally behind these platforms. To my logic, this tells me cryptos are not going anywhere in the foreseeable future.

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      ·  7 years ago 

    Mainstream media is sensitizing us for a collapse, @gangster.in00

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        ·  7 years ago 

      Yes, world is moving toward crypto currencies. Question is if we will (in the future) only be allowed to use government (central banks) sponsored ones...

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          ·  7 years ago (edited)

        The Fed is investigating its own blockchain. @veleje

        What will be legal tender, after that?

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            ·  7 years ago 

          I'm not surprised. Legal tender will be (my guess) something that central banks issue at will, without a limit. And since they want to get rid of paper money, it will be something digital.

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              ·  7 years ago 

            A good move and good news for crypto lovers like us. Blochcjain and AI will rule soon.
            Dont forget to check out my post for a link to collect free crypto..a once in a life time opportunity.

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                ·  7 years ago 

              thanks for the info

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                  ·  7 years ago 

                You're welcome, @randell
                Followed you.

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                  2 votes
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                    ·  7 years ago 

                  I dont get it. Blockchain is a wallet startup. 40mm wont kill the 13 trillion financial services industry. I expect both markets to co-exist.

                  Let's say i want to take a mortgage to buy a home. Will i ever get a 3% fixed 30yrs bitcoin loan , i doubt it and even if someone is willing to why would i pay off in BTC when the value is so volatile and supply is limited.

                  There is tremendous potential for bitcoin technology but let us not fool ourselves by thinking the world will move away from fiat.

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                    [-]
                      ·  7 years ago 

                    "I expect both markets to co-exist."

                    Well you are thinking rationally. But you are not thinking like say criminal mind. Say I'm superpowerful mafia and I can get it ALL why I would share anything with you?

                    Why was gold attacked and removed from financial system? (as currency backing) because it was threat to central bankers. Central bankers want in debt countries that they owe to central banks. Politicians like no limit spending, so they are on the same side. Gold backed currency was obstacle. As is now bitcoin.

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                        ·  7 years ago 

                      Gold backed currency was obstacle.

                      There's a workaround that. Gold as money through Goldmoney. :)

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                        1 vote
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                          ·  7 years ago (edited)

                        You're right, @ssd213 Fiat may be knocked about, but not knocked out. It is still 13 trillion plus collosus. Has BTC crossed USD 100 billion yet?
                        Beyond fiat, gold is also an option.

                        There is tremendous potential for bitcoin technology but let us not fool ourselves by thinking the world will move away from fiat.

                        The way the wheels are turning there may be no fiat, at all. The mainstream media is prepping us for the next collapse.

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                            ·  7 years ago 

                          ncie post upvoted visit my wall if u can when you free thanks:)

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                              ·  7 years ago 

                            Thank you, @shahzaibniaxi

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                                ·  7 years ago 

                              @nigelmarkdias welcome bro and visit my wall plz if u can

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                                  ·  7 years ago 

                                ?

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                                  [-]
                                    ·  7 years ago 

                                  GVteam GV tweeted @ 22 Jun 2017 - 18:24 UTC

                                  Welcome to GV. @blockchain moves digital currency forward with its bitcoin and blockchain technology — bloomberg.com/news/articles/…

                                  Disclaimer: I am just a bot trying to be helpful.

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                                      ·  7 years ago 

                                    Thank you for the shout out to GV, @twitterbot.

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