Online gambling entrepreneur joins forces with Bitcoin creator

Online gambling entrepreneur Calvin Ayre, founder of the Bodog brand, was back in the news this week as reports surfaced from the Reuters news agency that he has partnered with Craig Wright, the Aussie IT expert and businessman who claims to have created the cyber-currency Bitcoin and is also believed to use the alias Satoshi Nakamoto.

The Reuters report is that the duo has formed a powerful alliance of Wright’s expertise and Ayre’s marketing ability and financial strength in a quest to shape the future of bitcoin and blockchain, the ledger technology that underlies digital currencies.

Apparently Wright has lodged over 70 patent applications in the UK and there are plans to file many more , ranging from the storage of medical documents to WiFi security, reflecting Wright’s deep knowledge of how bitcoin and blockchain work.

Reuters observes that it is widely believed that blockchains can circumvent the need for big financial intermediaries, and as such, challenge traditional payment systems.

The Huffington Post has a detailed story on the Wright – Ayre collaboration here:

http://www.huffingtonpost.co.za/2017/03/02/bitcoin-creator-races-to-patent-technology-with-gambling-tycoo/