Meet Sam Bankman-Fried the 30 year old founder of FTX (No. 3 crypto exchange) who is dedicating his life completely to making money and giving it away. Sam is an altruist worth $20 Billion.
“Bankman-Fried has set his sights on the U.S. market, which is dominated by Coinbase Global Inc. He wants to offer cryptocurrency futures, swaps, and options, which he sees as a potential $25 billion-a-day market. If he succeeds in taking over crypto, the mainstream finance industry is next. “We’re sort of playing in the kiddie pool,” Bankman-Fried says. “Ideally, I would want FTX to become the biggest source of financial transactions in the world.”
Read this incredibly interesting story about how Sam got started, here on Bloomberg.
Disc: I don’t hold crypto
South Australian Petrol Station Retailer "On The Run" OTR to accept Crypto Currency at 170 of its outlets.
Payment will be via Crypto.com Merchant pay.
OTR's are everywhere here in SA.
Not sure it will be a raging success, however it appears to be another move to digital adoption.