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Fidelity Investments CEO Embraces Bitcoin And Blockchain, Cites Challenges

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Fidelity Investments CEO Embraces Bitcoin And Blockchain, Cites Challenges

Introduction

This article was posted on Thursday, 14:27, UTC.

Abigail Johnson, CEO and chairwoman at Fidelity Investments, called for more serious conversations about bitcoin and blockchain while addressing Consensus 2017 blockchain conference in New York City, according to MarketWatch. Fidelity has tested bitcoin and blockchain, according to Johnson, including partnerships, venture investments and its own initiatives, but most of its experiments have hit a roadblock due to the emerging nature of the technology. Four Challenges Cited Johnson identified four problems for cryptocurrency to overcome to gain widespread adoption. There are still unresolved technical issues. Bitcoin ledgers have been hacked on numerous occasion, delivering catastrophic losses. Privacy is also an…

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Lester Coleman

Lester Coleman

Lester Coleman is a veteran business journalist based in the United States. He has covered the payments industry for several years and is available for writing assignments.

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