The impact of a secure payment app that cannot be hijacked or corrupted by individuals or governments is revolutionary.
The technology is in place, and the only barriers to widespread take up now are trust. Of course, we live in the UK, where trust in public systems is high. But for those living in the half of the world that is run by criminals, it is a game changer. How can a cobalt mine in Bolivia pay for a $5m mining machine, without corrupt public officials taking a cut? But Blockchain, and a decentralised and trusted system is the way forward. IFAs need to know about this, even if their clients will never be involved.
From this October, a season of Oktoberfests, the regulatory ban on buying crypto on investment platforms and in our ISAs has been lifted. We can now buy Exchange-Traded Note (ETN) to get exposure to Bitcoin and other crypto assets via FCA-approved exchanges which like the London Stock Exchange. This of course has been available via spot etfs in the USA for some time.
A recording of BAT recent training seminar on this subject is listed here https://youtu.be/qLK4FdemcZE