Banks Will Share The Same Fate as Telecom Companies, Says Inventor of VoIP Alex Mashinsky at Next Block Conference

Alex Mashinsky, the current Founder and CEO of crypto loaning platform Celsius Network, has been involved in the telecommunications industry for decades. Having set up a number of successful businesses in the U.S and invented the hugely successful Voice over Internet Protocol (VoIP) which is used by a billion people every day, Mashinsky turned to the blockchain industry in 2017 to continue innovating in the tech space.

The business veteran is well-known for challenging centralized authorities, particularly those among the financial and telecommunications industries. Prior to co-founding VoIP in 1994, a select number of giant telecoms companies in the industry were largely unchallenged, and capitalized on the lack of competition by charging users extortionate fees to make…

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