Rand Paul Speaks at Bitcoin Event
Yesterday, Senator Rand Paul spoke at a private Bitcoin event produced by Blockchain Technologies Corp in Midtown Manhattan. It was a gathering of monetary technophiles dressed in their Sunday best.
Paul’s main reason for supporting the Bitcoin movement/technology/currency was the ability to bypass the expensive fees tacked on by credit and debit card issuers. A business that only had a 3 or 4% profit margin could double its profits by eliminating merchant processing fees, he said.
The event lasted for about two hours with Paul only making an appearance for about 15 to 20 minutes.April 20, 2015