The UK-Australia FinTech Bridge agreement, signed yesterday by Australian Treasurer Scott Morrison and the UK Chancellor of the Exchequer Philip Hammond, is good news for Australian and UK fintechs. The agreement provides a framework for governments, regulators, trade promotion agencies and industry bodies from the two countries to work together and drive fintech growth.
The UK is one of Bluechain’s primary targets, so the agreement is especially significant for us. Compared with Australia, the payments industry is far more progressive and is an order-of-magnitude larger, and so the UK presents a much wider range of opportunities for innovators like Bluechain. We look forward to the greater coordination that this agreement will bring on promoting and facilitating the deployment of our payments technology both here and in the UK.