Part 11/13:
The committee members probed into Bitcoin’s potential to replace national currencies or to serve as a global standard. Antonopoulos explained that Bitcoin is a "currency of the internet," with value that can be predicted and utilized across borders. He foresees a future where prices and transactions may be denominated directly in Bitcoin, reducing costs and transaction times on a worldwide scale, especially benefiting unbanked populations.
He highlights the role of Bitcoin in fostering financial inclusion, referencing mobile phone-based services like Kenya's M-Pesa, which has transformed informal economies by providing mobile money transfer capabilities in regions without extensive banking infrastructure.