Bill Gates: Almost Everyone Will Bank on Phones in 2030 – but Not Use Bitcoin

NEW YORK (InsideBitcoins) – Bill and Melinda Gates recently released their Gates Annual Letter, which gives the world an update on the plans and predictions of the Gates Foundation. One of the more interesting aspects of this year’s letter has to do with the concept of mobile banking. While many in the developed world already have access to banking on their mobile devices, the concept of using a phone as an access point for a bank account is only now taking off in places like Africa and Southeast Asia. Many have noted that some of these developing countries may skip the traditional banking system completely and move directly to Internet-connect payment services such as PayPal.
Gates noted that he believes ‘almost everyone will have a mobile money bank account’ by 2030, but he doesn’t appear to be too bullish on bitcoin’s role in that financial revolution.