Cryptocurrency and Online Gaming by Malcolm Casselle.
Advancements in technology and communication have affected almost all of the other industries. Currently, most functionalities and transactions that could only be done physically, have been moved to the internet and the virtual world. These transactions include money transfer, marketing, buying and selling of goods, gambling and the stock market. Daily there are more transactions joining the virtual world. These services and the need for better than the last systems and protocols to support them have led to the development of a virtual form of money transfer, the cryptocurrency. As a student of MIT and Stanford University, Malcolm CasSelle has a vast knowledge and skills that give him a vantage point when it comes to the incorporation of cryptocurrency in normal business transactions.
Malcolm CasSelle on Gaming and cryptocurrency.
Gaming is one of the online industries that is growing at a very high rate. Online gaming has included different fields over the years including sports betting and online casinos, all of which rely heavily on monetary transactions. In gaming, there are prizes won, mostly in terms of virtual coins that can be exchanged for virtual goods. With that concept, Malcolm CasSelle developed WAX, Worldwide Assets eXchange. WAX operates on the basis of trading virtual assets. It a P2P marketplace built on blockchains and smart contracts that facilitated trade in virtual assets. Through WAX, Malcolm CasSelle is positive that gaming will bring cryptocurrency into the mainstream, computer transaction. Cryptocurrency is virtual money/ currency that is still new in the market but very common in online gaming.
Malcolm CasSelle is a highly skilled entrepreneur and a graduate both Massachusetts Institute of Technology and Stanford University in computer science. His skills as a good communicator and leader have seen him found and co-found very successful tech companies. He is the co-founder of Mediapass, a digital subscription solution to a number of companies, Groupon joint venture with China’s Tencent and a gaming social network, Xfire. He Co-founded PCCW, a telecom-based company in Hong Kong, currently worth over 35 billion dollars. He has also played an active investment role in companies like Facebook and Zynga.