Companies like Google, Facebook and Apple have long been providing banking and financial services, but while on the sidelines, bitcoin has gained ground.
The dairy cow from Google and Facebook, the advertising market –if you ever recover from coronavirus failure–likely to be pressured hard by regulators in the US and Europe.
Sales of Apple’s iPhone, perhaps the biggest moneymaker of all time, are declining as budget alternatives improve and incremental improvements become less attractive –not to mention the effects of a global coronavirus-induced recession of epic proportions.
As a result, it is now reported that Google is building the so-called “smart” debit card. Apple launched its own credit card last year. Facebook is moving forward with one pound decreased cryptocurrency project.
Bitcoin, that Facebook hoped to replace with its now neutralized pound, showed the world that a decentralized digital currency is possible without a government, central bank or technology company behind it.
Where’s the bitcoin advertising budget? Who is the CEO of bitcoin? Bitcoin doesn’t need you to buy a new model or sell your data.
Bitcoin, maintained by an evolving and decentralized network and attended only to the mathematical principles that support it, is stability without authority.
In Silicon Valley, centralization is the king. Leaders like Facebook’s Mark Zuckerberg, Apple’s Tim Cook and Google’s Sundar Pichai are praised for running tight ships.
The financial products they develop will be as centralized as the banks and currencies they would like to replace.
Some in Silicon Valley, including Jack Dorsey from Twitter, understand the difference between technological innovation and the next digital finance revolution. Dorsey has already started positioning Twitter and your payments company Square to make the most of.
“If you don’t believe or don’t understand, I don’t have time to try to convince you”, the mysterious creator of bitcoin, Satoshi Nakamoto I wrote in 2010.
Bitcoin does not care whether you receive it or not – or will get it or not. So far, seems to be catching.