Former UK Chancellor of the Exchequer Philip Hammond responds to Yahoo Finance UK about the mass adoption of blockchain-based technology by the institutional finance sector. According to Lord Hammond the progressive technologies that are the hallmarks of the cryptocurrency ecosystem will "bring many benefits and introduce significant efficiencies”. Although, he warned that the consequences of onboarding these new mechanisms, “will be hugely disruptive to the existing financial services infrastructure”. Read Brian McGleenon's full interview with Philip Hammond here.
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