Singapore Prime Minister Said National Banks Can Use Blockchain
At the United Overseas Bank (UOB) 80th anniversary dinner, Lee Hsien Loong, Prime Minister of Singapore, commented that Bitcoin and blockchain technology are going to change the banking industry. Singapore is an important financial center in Asia. And this statement from Long suggests a bright future for the decentralized technology within the country.
Singapore banks must keep up to date with blockchain development
Long’s ten minute speech was concluded with words of support towards blockchain applications within the banking industry:
“The operation environment has become more challenging, and on top of that, technology is moving very fast, with new business models disrupting traditional banking.
Singapore Prime Minister Said National Banks Can Use Blockchain
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