The post Fidelity’s Abigail Johnson Advocates Blockchain Overhaul in Finance appeared on BitcoinEthereumNews.com. Key Points: Fidelity CEO advocates blockchain in finance, citing outdated systems. Blockchain to replace finance, driven by competition and regulation. Bitcoin viewed as central asset in broader cryptocurrency shift. Fidelity Investments CEO Abigail Johnson highlighted the outdated infrastructure of traditional finance, emphasizing the need for blockchain to replace legacy systems, driven by competition and regulatory standards. This shift signifies a fundamental change in financial operations, positioning blockchain and cryptocurrencies like Bitcoin at the core, impacting regulatory landscapes and market structures significantly. Fidelity’s Strategic Push for Blockchain Solutions Industry reactions acknowledge the significance of Johnson’s remarks. Her portrayal of Bitcoin as a reliable asset reinforces confidence in its enduring relevance. “It’s solid, it’s persisted, and it’s a gold standard,” she noted on the a16z Podcast. Additionally, her view that stablecoins could modernize payment systems reflects an optimistic outlook for the broader cryptocurrency landscape. Abigail Johnson, CEO of Fidelity Investments, recently reiterated her stance that the traditional financial system relies on outdated technology. She advocates for a transition to blockchain, noting that while this change is necessary, it will not be easy and will require competition and regulatory pressure. Fidelity has been a proponent of blockchain technology for over a decade, illustrating their commitment through investments in Bitcoin custody and ETFs. The impact of this event includes heightened awareness of the limitations of aging financial frameworks and an encouragement for institutions to consider blockchain deployment. Johnson’s statements align with Fidelity’s track record of emphasizing tech-forward solutions, suggesting an industry-driven and regulatory-backed evolution toward digital assets. Market and expert reactions have generally supported Johnson’s views. Industry leaders often echo her sentiment, acknowledging the friction within legacy finance. Regulatory bodies also recognize blockchain’s potential to improve efficiency. Meanwhile, Bitcoin’s status is reinforced as a key asset, underscoring its central role in Fidelity’s strategy and… The post Fidelity’s Abigail Johnson Advocates Blockchain Overhaul in Finance appeared on BitcoinEthereumNews.com. Key Points: Fidelity CEO advocates blockchain in finance, citing outdated systems. Blockchain to replace finance, driven by competition and regulation. Bitcoin viewed as central asset in broader cryptocurrency shift. Fidelity Investments CEO Abigail Johnson highlighted the outdated infrastructure of traditional finance, emphasizing the need for blockchain to replace legacy systems, driven by competition and regulatory standards. This shift signifies a fundamental change in financial operations, positioning blockchain and cryptocurrencies like Bitcoin at the core, impacting regulatory landscapes and market structures significantly. Fidelity’s Strategic Push for Blockchain Solutions Industry reactions acknowledge the significance of Johnson’s remarks. Her portrayal of Bitcoin as a reliable asset reinforces confidence in its enduring relevance. “It’s solid, it’s persisted, and it’s a gold standard,” she noted on the a16z Podcast. Additionally, her view that stablecoins could modernize payment systems reflects an optimistic outlook for the broader cryptocurrency landscape. Abigail Johnson, CEO of Fidelity Investments, recently reiterated her stance that the traditional financial system relies on outdated technology. She advocates for a transition to blockchain, noting that while this change is necessary, it will not be easy and will require competition and regulatory pressure. Fidelity has been a proponent of blockchain technology for over a decade, illustrating their commitment through investments in Bitcoin custody and ETFs. The impact of this event includes heightened awareness of the limitations of aging financial frameworks and an encouragement for institutions to consider blockchain deployment. Johnson’s statements align with Fidelity’s track record of emphasizing tech-forward solutions, suggesting an industry-driven and regulatory-backed evolution toward digital assets. Market and expert reactions have generally supported Johnson’s views. Industry leaders often echo her sentiment, acknowledging the friction within legacy finance. Regulatory bodies also recognize blockchain’s potential to improve efficiency. Meanwhile, Bitcoin’s status is reinforced as a key asset, underscoring its central role in Fidelity’s strategy and…

                                                                               Robinhood acquired an Indonesian brokerage and digital asset trading firm to access a market with 17 million crypto investors.                     Crypto and stock trading platform Robinhood is set to tap into Indonesia’s burgeoning cryptocurrency trading market after an agreement to acquire two local fintech companies.In an announcement on Sunday, Robinhood said it has entered into agreements to acquire Buana Capital, an Indonesian brokerage, and PT Pedagang Aset Kripto, a licensed Indonesian digital financial asset trader, “marking our entry into one of Southeast Asia’s fastest-growing markets.”It said that Indonesia has more than 19 million capital market investors and 17 million crypto investors, making it a “compelling market for equities and crypto trading.”Read more