Speaking at the Bloomberg New Economy Forum on Wednesday (Nov. 17), Axel Weber, chairman of UBS Group AG, shared his skepticism around bitcoin and said the concept of anonymous payments won’t last.
Weber’s comments are consistent with his past views on cryptocurrency.
“I love the technology, I think the idea of having instantaneous transactions between a large number of people — fantastic,” Weber said, per Bloomberg. However, he thinks the idea of moving payments away from banks…
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