Towards a new financial infrastructure

Published: July 24, 2019, 2:12 p.m.

b'In the latest New Money Review podcast, Paul Amery interviews Robert Sams, founder of chief executive of Clearmatics, a technology company based in London.\\nIn the podcast, Sams explains why he believes a shift away from the current centralised financial infrastructure is inevitable, and why initiatives such as Clearmatics\\u2019 own Utility Settlement Coin and Facebook\\u2019s new Libra project are only the start of a much bigger trend.\\nIn due course, says Sams, a more decentralised system could help address the moral hazard problem symbolised by the 2008 bailouts of big banks, as well as reducing the security risks inherent in the current infrastructure.'