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FTX chief Sam Bankman-Fried says Bitcoin has no future as a payments network
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Cryptocurrency exchange FTX's founder has said that Bitcoin has no future as a payments network and criticized the digital currency for its inefficiency and high environmental costs, the Financial Times reported on Monday.
"The Bitcoin network is not a payments network and it is not a scaling network," the report quoted FTX founder and Chief Executive Officer Sam Bankman-Fried as saying.
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Read more on moneycontrol.comAbout this in other media
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Bitcoin Can't Be "Money" Just Because It Has "Coin" In Name: IMF Chief ndtv.com /2 years ago
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