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British entrepreneur and investor Bob Wigley acknowledged bitcoin's potential “to totally revolutionise world payments” in a blogpost for Blockchain.info. He emphasised the Britain's leading role in adopting financial innovations.

 

Bob Wigley is former Chairman of Merrill Lynch Europe, Middle East, and Africa. Since 2004, Bob had chaired Merrill Lynch's EMEA Region Executive Committee and sat on Merrill Lynch's Global Operating Committee and Client Coverage Council. He served the UK government as Business Ambassador for the Prime Minister in 2011. He currently heads a number of companies including Tantalum Corporation plc and Justinvesting Ltd. He engages in research and education as a Fellow of Oxford University Said’s Business School and Cambridge University’s Judge Business School Centre for Alternative Finance.

Wigley revealed that he had been approached by a number of bitcoin start-ups looking for an investment advice which prompted him to learn more about the bitcoin currency.

“Bitcoin strikes me as one of those developments you see infrequently that won’t just change one particular aspect of the way an existing service or product is delivered but has the potential to totally revolutionise world payments,” he said.

He stressed that the UK regulators are investigating the potential of bitcoin digital currency in order to make London the place of innovation which is also secure for consumers and investors.

“I can’t remember a time when London has been buzzing with so much entrepreneurial activity and a day doesn’t go by without someone raising a new FinTech idea with me.”

Wigley, an advisor to Blockchain, added that the firm has the most market share and highest transaction volume and called the company “clear first among equals”.

 “FinTech means using the internet and constantly developing internet access devices, combined with their now pervasive penetration amongst consumers, to create more convenient and less expensive ways to undertake financial transactions and one company that embodies this is Blockchain.”