Dante Disparte Of Libra Claims Bitcoin Is Not A Means Of Payment

The Consumer Electronics Show (CES) of 2020 had one of its speakers talk against Bitcoin (BTC) namely Dante Disparte of Libra Association, claimed that Bitcoin (BTC) is not a means of payment so let’s read more about it in the bitcoin latest news.

Heated arguments for and against Bitcoin (BTC) was an everyday ornament of the last 11 years. But as the cryptocurrency industry develops and grows, continually moving towards widespread acceptance and usage these arguments still continue.

The newest exemplar of this phenomenon happened yesterday during the Consumer Electronics Show (CES) 2020 based in Las Vegas, when Dante Disparte, the vice-chairman of the Libra Association spoke out against Bitcoin (BTC). He acknowledged that Bitcoin (BTC) – as an asset class – succeeded in proving that scarcity can back thrilling cryptocurrencies. But he also said that Bitcoin does not constitute a means of payment. He continued saying:

 “The bottom rung of the ladder of economic mobility is payment access.”

Bitcoin has not succeeded to deliver that, which is the main motif why he made the decision to join the Libra project. However, Dante Disparte is not anti-cryptocurrencies, besides his position that Bitcoin (BTC) does not pose the capabilities of resolving the challenge that it set itself to solve. He is of the thought that Bitcoin (BTC) cannot really achieve widespread adoption in the long run and that the friction levels cannot be removed. He simply thinks that Bitcoin (BTC) is an imperfect instrument.

In the meantime, Akin Sawyer thinks that the Libra Association has the only goal to make a profit and to serve its self-interest. He said that a group of that kind does not possess the capability of managing money better than a decentralized system that manages to survive on its own for more than a decade, despite all the smear campaigns that centralized organizations make to smear and sabotage the system. Sawyer says that the only actual approach to help the world is to give power to the individuals and give them the instruments for base-level sovereignty. He is hinting about having the full control over the money each individual owns, as an alternative to having a centralized institution handling the money for them.