Fintech can give emerging markets an edge – PNG governor

Loi Bakani

Papua New Guinea is getting involved in the development of blockchain technology and other forms of fintech as it seeks to gain an edge over competitors, Loi Bakani said in a speech on August 18.

The Bank of Papua New Guinea governor told a blockchain conference in Port Moresby the central bank cannot “sit idly on the sidelines” while technologies are developed, but must rather “take a proactive and enthusiastic part” in proceedings.

Nevertheless, the rapid developments create a “massive

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