Igor Pejic is an author, keynote speaker and banker. His latest book "Big Tech in Finance" analyzes how tech titans are remaking the global financial system. His previous title "Blockchain Babel" won the Independent Press Award and was profiled as a Financial Times book of the month. Pejic publishes the industry newsletter
It won't be cryptocurrencies or central bank digital coins that revolutionize global finance, but rather banks offering deposit tokens that have many of the benefits of both.
Like it or not, Big tech is going to become a player in financial services. It would be better to write rules now than to wait for a crisis.
Tech giants have been experimenting with blockchain technologies for years, and while they haven’t displaced banks, there’s still cause for concern.
Tech giants have been experimenting with blockchain technologies for years, and while they haven’t displaced banks, there’s still cause for concern.
It is not startups but rather Silicon Valley’s biggest names that are best-positioned to compete with banks in the blockchain race.