Friday, 26 April 2019

Despite being championed as a decentralized form of money that puts individuals firmly in control of their own wealth, cryptocurrencies mostly remain the preserve of the super-rich and the super-nerdy. 1,000 Bitcoin wallets currently hold 35.18% of all Bitcoins, for example, and only a select few computer scientists understand the inner workings and machinations of blockchains.

Earlier this month, Citigroup boss Mike Corbat, who oversees one of the world's biggest banks, adopted a cautious tone when asked about blockchain technology path to mainstream adoption.

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