Fintech founders pessimistic

As Brexit looms, UK fintech founders are pessimistic about the country’s ability to remain a world leader in the field, according to a survey from the Digital Finance Forum.

Of 50 financial technology company founders surveyed by the Digital Finance Forum, 63% say the UK is the global leader in fintech. However, only 33% are optimistic that this will still be the case in five years.

Brexit uncertainty is a factor in the founders’ concerns about the future, with over two thirds of respondents saying they are worried or extremely worried about the impact of the EU exit on their businesses.


The surging price of bitcoin could reach record highs in the coming months if the UK leaves the European Union without a deal, according to some cryptocurrency analysts. NO-DEAL BREXIT ‘WILL SEE CRYPTOCURRENCY VALUE HIT RECORD HIGH’.

The looming prospect of a no-deal Brexit has already caused the pound to slump against other major currencies, including the euro and US dollar.

Meanwhile bitcoin has experienced a resurgence in recent months, with ts value rising by around $4,000 since late June to its current price of $12,000.

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