Cameron and Tyler Winklevoss on how cryptocurrency exchanges can help the underbanked

Cameron and Tyler Winklevoss on how cryptocurrency exchanges can help the underbanked



how do you see Gemini and other exchanges solving the problem of the bank list population in the US and overseas it's a great question there's you know like millions of under banked people in this country alone and probably a billion plus unbanked people around the world and crypto is really the only technology that we've seen that could help solve that problem and potentially Bank these people bringing them into the system bank branches are not going to be built in those parts of the world if they were they'd already be there for now so we have a mobile app so you can download it on any smartphone Google Android or Apple and start there right if you download if you have a data connection an internet connection and you can download an app then you can store your Bitcoin and that is your bank account that's your on the Gemini mobile app so all of a sudden you have a bank account when JP Morgan's never gonna build a branch in wherever you are in the developing world it's too expensive right and micro payments can happen because the current system is too expensive but bitcoin is like email you can send 10 cents to someone from here to Sri Lanka right now instantly it's 24/7 and 365 so it never never closes it doesn't work on banking hours imagine if your email was open 9:00 to 5:00 Monday through Friday be great we never weekend's back in our lives back but our money who actually works like that in the digital internet age and that's insane if you want to get money from New York to London on a Friday night you go to JFK jump on a plane with the bag of cash you get it there quicker because if you wire it it gets there Monday if there's a bank holiday Tuesday and you play pay a clip and that's how money works and that it's actually broken so that was the aha moment for us this is money that works like your email you

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