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Philip Hammond: Big finance’s move into crypto is unstoppable

Philip Hammond: Big finance’s move into crypto is unstoppable



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  1. tldr; Former UK Chancellor Philip Hammond has said that institutional adoption of cryptocurrency characteristics of tokenisation and distributed ledger technology is now “unstoppable”. He added that the traditional finance sector is on the “cusp of a collective decision” about the new disruptive technology and an awareness that “it is coming whether they like it or not”, he said.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. The margins can no longer hold DeFi and cryptocurrencies – the enemy is at the gates for big finance – ‘trading characteristics associated with crypto will become normal patterns of business… we have probably got to a point where this is unstoppable’.

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