Pushing the economy forward, entrepreneurs have always played a key role. And this entrepreneurial interest in visible in the crypo space. Today, one more well-known entrepreneur from India has tweeted something interesting about crypto.
His name is Kunal Shah, and he is the multi-millionaire founder of credit card payment startup CRED. Here’s what he wrote about cryptocurrencies on Twitter:
In trust nations, people trust regime, attracts & grows wealth.
In mistrust nations, people don’t trust regime, repels wealth and wealth creators.
Borders and currencies prevented wealth and people to move seamlessly from mistrust to trust nations.
Crypto is making it easy.
— Kunal Shah (@kunalb11) September 19, 2019
What he is saying is that cryptocurrencies are making the transfer of wealth between nations much easier. And this transfer is happening from the nations where people don’t trust their governments to nations where governments are trusted.
Why Does This Matter?
Kunal Shah’s company CRED deals with payments. Investors like Sequoia, Ribbit and Apoletto Asia invested over 65 million dollars.
Whether he is indeed working on some crypto-related venture is not known yet. Prior to founding CRED he also founded Freecharge, which dealt with payments – and gave him his multi-millionaire status.
Kunal Shah has dealt with some of the biggest venture capitalists in the world. Whether he’ll himself dive into the chaotic crypto scene or not remains to be seen. We’re using the word ‘chaotic’ because in India there’s a lot of uncertainty on the future of cryptocurrencies due to regulatory gray area.
We are just one regulation away.
The post India’s Multi-Millionaire Entrepreneur Kunal Shah Tweets About Crypto’s Wealth Transfer Capabilities appeared first on LuvCrypto.
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