Crypto poses a threat to the safety of global payment systems, fintech boss warns
— Warns, Systems, Safety, Boss, Global, Starling, Cryptocurrencies, Fintech, Digital, Goldman, Payment, Schemes, Billion, Threat, Crypto, Poses — 1 min read
Anne Boden, who founded Starling, calls digital currencies a threat to payment infrastructure. Starling offers fee-free checking accounts and loans through an app. The firm was last privately valued at £2.5 billion ($3.1 billion) and counts the likes of Goldman Sachs and Fidelity as investors. Regulators are concerned about the financial system becoming more entwined with the volatile world of crypto. Roughly $400 billion has been erased from the combined value of all cryptocurrencies in the past month, as investors were rattled by the collapse of terraUSD, a popular so-called stablecoin. Source