Home Altcoins News Tether (USDT) CTO Paolo Ardoino on Privacy as a Precious Asset in Blockfolio Interview

Tether (USDT) CTO Paolo Ardoino on Privacy as a Precious Asset in Blockfolio Interview

Tether USDT paolo

Tether and Bitfinex CTO Paolo Ardoino recently spoke about stablecoins, exchange, security, and more in an episode which is presented by Blockfolio.

In the interview, he stated that people should be free to trade whatever they want. We enforce limit, but I believe that people have the right to choose. He also stated that he usually buys Bitcoin for himself.

In Paolo’s own words:  “For myself I just buy Bitcoin.”

He also stated that he usually likes to do investments in big companies that he is a part of.  He stated that he believed that for his role, he really cannot dedicate as much as a real investor would need to dedicate for a project.  He pointed to how he was not ready to become a VC (Venture Capitalist) personally. He stated that he believed, the results would be much better, if they invested as companies and groups.

He spoke about the companies he is invested in. He was hesitant to spell out the names of all the companies he is invested in stating that he will probably get slapped hard for naming them.

When asked:  If you were a younger you, and you are in to crypto in to 2021 for the first time, what your approach would be today, because you know, you were approached to join Bitfinex and over time you became the CEO, what will your approach be like today if you are a VC that is not coming from the crypto and If you were a developer

He replied, you know that I am quite an advocate on keeping protocols agnostic from a token.  I think tokens are absolutely fine, but would like to see protocols that are kind of independent from the tokens. So, what I believe is that most of the community now what we are seeing is DeFi projects that are definitely interesting, some of them are definitely interesting.  Some of them pose too much risk for this system because of security reasons in general.  There is lot of poor holding around, but what I would like to focus on more if I had more time even at Bitfinex and Tether, we are naturally starting to collaborate externally on a couple of external groups on this topic is to focus on retail focused services to peer-to-peer privacy oriented retail focused services that use crypto as a payment mechanism, rather than having proper peer to peer clones and privacy oriented of actual software that we use in the day to day life.  He stated that he believed that privacy is going to become a more and more forgotten and precious asset in the future.

Read more about:
Share on

Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

Crypto newsletter

Get the latest Crypto & Blockchain News in your inbox.

By clicking Subscribe, you agree to our Privacy Policy.

Get the latest updates from our Telegram channel.

Telegram Icon Join Now ×