Challenger bank Monzo has confirmed it still plans to pursue crypto investment opportunities, amid the current crash in the digital asset market.
Monzo co-founder, Jonas Templestein spoke yesterday at the Financial Times Live event saying the crypto crash “probably hasn’t affected our plans” as the fintech continues to consider branching out into digital currency ventures.
Templestein said that despite the current problems the cryptocurrency market is facing, the underlying technology, and how it allows users to trade assets easily, remain promising in the eyes of Monzo.
“I think from a technology perspective, blockchain technology is super interesting database technology,” Templestein said.
“If you go a little bit further with your imagination, you can think it’s a very interesting distributed virtual machine a way to run sort of like common computing.”
Templestein echoed the opinion of many crypto defenders, calling for regulation and oversight to add a greater level of safety to...
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