The top executive of the world’s largest asset manager says that developed markets are not catching up in terms of financial innovation.
Highlights
- Laurence Fink says developed markets are not catching up in terms of financial innovation.
- Fink: Developed markets including the US continue to face high payment costs due to failure to keep up with advances in digital payment technology.
- He says digital asset technology has the potential to transform financial markets.
- The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is an investment advisor, and any loses you may incur are your responsibility.
- In his annual letter to investors, BlackRock chairman and CEO says interesting things are happening in the crypto space even after the collapse of FTX and other firms in the.
- industry.
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