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The former CEO of Google Africa and a renowned computer scientist now working as a general manager of WeWork South Africa, Stafford Masie, has been voicing his opinion on BTC and how it is going to change the future of humanity more than any other technological innovation.

The Bitcoin news updates feature the ex-CEO talking about BTC in a keynote which was delivered at the SingularityU South Africa Summit on October 16. Masie, who is known as the former CEO of Google Africa, said that Bitcoin’s provision of an exchange of value without any intermediaries is the greatest gift that mankind has ever received in a technological manner.

Masie also argued that while the concept of a crypto wallet is “misunderstood, misused, misrepresented and viewed as complicated,” it is also something that has a massive potential to revolutionize the global trade. The main potential of the cryptocurrency wallets is not for developed and highly digitized economies – nor for cash-dominated informal economies. As he stated, the real potential lies in what he dubbed “third economies” in which barter systems still work.

“The third economy is an economy where people don’t have access to electronic forms of distributing value or cash […] Think of the people who live two hours outside Shanghai, China’s central coast. They will use Bitcoin to trade and unlock international transactions outside of the existing frameworks in a manner that you and I cannot imagine,” the ex-CEO of Google Africa pointed.

Masie also addressed the fundamental misconceptions about Bitcoin such as its alleged hackability – something that he described as misleading. He said that “it is the exchanges that are getting hacked – and not Bitcoin.”

What’s interesting is Masie’s view towards the advocacy of decentralization. Here, he spoke about the rise of tech corporations acting as a shield for global markets, noting:

“When combined, Apple, Amazon, Alphabet, Facebook and Microsoft’s net asset value represents the same value as S&P 500 companies combined and this is extraordinary because we have never seen the concentration of wealth like this in history. Combined, these companies have value that equates to the gross domestic product rates of some countries.”

As a general manager at WeWork, Masie can certainly be confident about his position as the company recently saw breakneck growth and pulled its planned $47 billion initial public offering (IPO) earlier this year amid a spate of controversies around its business model and governance.