Wednesday, August 16, 2017

Middlemen

"One thing bitcoin does quite handily is remove lots of middlemen. “Bitcoin has opened the door to a whole new level of person to person exchange and individual freedom, which is one reason why I wanted to be involved,” said Allen. “I imagine a world where a large coffee farm or the head of a farming co-op can deal directly with both smaller end-buyers and even the larger multinationals on a much more level playing field if they could sell, trade and auction their coffee directly via bitcoin. If they can accept a ‘currency’ that’s used by buyers from many different countries – and then use or convert that currency in their own area – everyone benefits.” "

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