Venture Capitalist Billionaire Says Most of His 2022 Profits Will Come From DeFi By DailyCoin

Venture Capitalist Billionaire Says Most of His 2022 Profits Will Come From DeFi By DailyCoin
Venture Capitalist Billionaire Says Most of His 2022 Profits Will Come From DeFi Venture Capitalist Billionaire Says Most of His 2022 Profits Will Come From DeFi

During the “All-In-Podcast,” investors Chamath Palihapitiya, Jason Calacanis, David O. Sacks, and David Friedberg predicted the future events and trends for the year ahead. The four entrepreneurs discussed business, technology, politics, and, of course, crypto.

According to Palihapitiya, the ‘biggest losers’ for 2022 are Visa (NYSE:) and Mastercard (NYSE:) “and traditional payment rails and the entire ecosystem around it.” Highlighting that, according to him, such financial service companies will be replaced by DeFi payment projects. He also pointed out that Amazon (NASDAQ:) UK stopped accepting Visa due to massive transaction fees.

“There really is no need today for all these small businesses to sit on top of Visa, Mastercard, and AmEx rails. It’s unnecessary,” he opined on the…

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