Once again, the UK is leading the way. England has all the necessary resources as well as backing from the government to become a global hub for technology by 2022, the Guardian Newspaper reported.
The UK has always been a global financial hub, but now the UK is also becoming a leading Fintech hub. The UK has already demonstrated its ability to be a leader in blockchain technologies and the crypto economy.
Sean Kiernan, the chief executive of DAG Global, said the gap would close in the UK between the traditional financial system and the crypto economy.
“The gap between the two worlds of traditional finance and crypto economy remains, but in the coming years we can expect this to lessen and eventually disappear.”
The UK has progressed further then most countries. Blockchain technologies has been recognized by the UK parliament as a very important technology and part of the future. However, the UK not only supports blockchain technologies but also cryptocurrencies. It’s a form of payment that should be accepted and developed.
The UK said, we are still at the early stages of the blockchain industry’s development and the huge impact it undoubtedly will have in Britain and globally.
Monaghan, A. (2018). UK in strong position to be leader in crypto economy, report says. [online] the Guardian. Available at: https://www.theguardian.com/technology/2018/jul/16/uk-strong-position-leader-crypto-economy-global-hub-blockchain-technology-report-says [Accessed 17 Jul. 2018].