Billionaire UK newspaper owner calls DeFi technology ‘revolutionary’ By Cointelegraph

Billionaire UK newspaper owner calls DeFi technology 'revolutionary' By Cointelegraph


Billionaire UK newspaper owner calls DeFi technology ‘revolutionary’

Alexander Lebedev, the owner of U.K. newspapers Evening Standard and The Independent, along with Russian publication Novaya Gazeta, has spoken glowingly of the potential for cryptocurrency and smart contracts to revolutionize finance.

In an extensive 1800 word opinion piece published in The Independent on October 13, the billionaire predicted blockchain tech will disrupt what he described as a parasitic global banking oligopoly, asserting that “blockchain technologies and smart contracts will make it unnecessary to employ the vast majority of people in the financial sector.”

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