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Fintech innovation is key to Britain’s future – but is Bitcoin the answer?

As Matt Ridley from The Times explained in his recent column, Britain needs to be producing its own technology systems – as large as Google, or is that now Alphabet? - in order to generate enough revenue to fund its future. Innovative technology, he says, is paramount to our financial future. One aspect of this innovation is fintech, and, even more specifically, cryptocurrencies. 

The biggest and most well-known cryptocurrency is without doubt Bitcoin, with an average of £40 million worth of global transactions being made each day...