Celsius Network CEO Discusses BTC & Why He Got involved With Crypto Part 2

Celsius Network CEO Discusses BTC & Why He Got involved With Crypto Part 2
  • Alex Mashinsky recently sat down with CryptoSlate in a new interview.
  • In the interview with Mashinsky, the subject moved onto why he built Celsius, the risks of using crypto lending platforms, the challenges of building an app for crypto users, and why he thinks Bitcoin will not be the winning blockchain.

The Celsius Network CEO Alex Mashinsky recently sat down with CryptoSlate in a new interview. The CEO is a bit time entrepreneur and is also the founder of seven New York-based startups. In fact, he has raised more than $1 billion and exiting over $3 billion.

In the interview with Mashinsky, the subject moved onto why he built Celsius, the risks of using crypto lending platforms, the challenges of building an app for crypto users, and why he thinks Bitcoin will not be the winning blockchain.

To catch up on part 1 click here.

The interviewer asked what the benefits of using Celsius compared to other crypto lending platforms?

“Celsius is focused on bringing the next 100m users into crypto by paying them up to 8X more than banks do. Most of our competitors look and feel just like another bank. They do not share with depositors almost any of their income as it is all destined to their shareholders.”

Mashinsky was later asked what his most controversial opinion on blockchain/the crypto space is, to which he said:

“That the winning Blockchain is not BTC and that it has not yet been invented…”

He continued:

“I believe Bitcoin will be one of the winners and definitely be a long term store of value but it will not be the Blockchain that will get mass adoption of several billion people because of its legacy and speed issues. The winning blockchain will need to address the financial needs of 7B people on the planet. It will need to be fast and secure and win the trust of most of the world population.”

For more news on this and other crypto updates, keep it with CryptoDaily! And if you wish to head over the CryptoSlate and read the full transcript, click here.

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