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Strike Gold by Sharing Your TradFi Orders and Pictures!
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Details: https://www.gate.com/announcements/article/47889
UBS Group CEO: Blockchain is the future of traditional banking, and integration is inevitable
Breaking News from Mars Finance: UBS Group CEO Sergio Ermotti stated this week at the World Economic Forum in Davos, Switzerland: Blockchain is the future of traditional banking, and the two will merge. In 2018, he said that blockchain was almost a necessary condition for companies to stay competitive, and now he asserts that integration is inevitable. He predicted that blockchain would change the industry’s cost structure within 5-10 years, and this timeline is coming to fruition. Ermotti’s remarks are consistent with those of Fidelity CEO Abigail Johnson. Johnson criticized last December that the underlying technology of traditional finance is primitive and concerning, describing the existing system as a complex reconciliation process network built on primitive technology.